9115 Old Highway 99 Se, Olympia, WA 98501

Local realty services provided by:Imagine Realty ERA Powered
Listed by:drew staudt
Office:windermere prof partners
MLS#:2159407
Source:NWMLS
9115 Old Highway 99 Se,Olympia, WA 98501
$1,975,000
  • 6.63 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$1,975,000

About this home

6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.

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Home facts

  • Listing ID #:2159407
  • Updated:September 26, 2025 at 12:16 AM

Structure and exterior

  • Lot area:6.63 Acres

Schools

  • High school:Tumwater High
  • Middle school:George Wash Bush Mid
  • Elementary school:East Olympia Elem

Utilities

  • Water:Available, In Street, Private Well
  • Sewer:Available, In Street

Finances and disclosures

  • Price:$1,975,000
  • Tax amount:$2,157 (2023)
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