423 Franz Anderson Road Se, Olympia, WA 98501

Local realty services provided by:Imagine Realty ERA Powered
Listed by: jason munoz, kyle shimabukuro
Office: keller williams south sound
MLS#:2233030
Source:NWMLS
423 Franz Anderson Road Se,Olympia, WA 98501
$1,200,000
  • 2 Beds
  • - Baths
  • 1,848 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$649.35

About this home

Exceptional opportunity with this multi-family development prospect in Olympia, WA. Situated off of Martin Way, a bustling thoroughfare, between three recently established and fully occupied multifamily developments, this parcel is primed for similar success. Preliminary conceptual plans indicate the potential for up to 60 units. Its advantageous proximity to St. Peter's Hospital underscores its strategic location. Centrally positioned between Olympia and Lacey, tenants will enjoy convenient access to a variety of amenities including retail, dining, and Interstate-5, facilitating a seamless commute to Joint Base Lewis McChord (JBLM) for military personnel, as well as civilian, and state employees. This is zoned HDC-4 in the City of Olympia.

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Home facts

  • Year built:1930
  • Listing ID #:2233030
  • Updated:November 15, 2025 at 02:43 PM

Rooms and interior

  • Bedrooms:2
  • Full bathrooms:1
  • Living area:1,848 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1930
  • Building area:1,848 sq. ft.
  • Lot area:1.02 Acres

Utilities

  • Water:Public
  • Sewer:Available, Septic Tank

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$649.35
  • Tax amount:$5,518 (2024)
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