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Street View
Listed by: Greg Pubols (253) 227-1100 | Century 21 Blue Chip (253) 444-3108
$995,000
Monthly Est:$4,952
2 Beds
2 Baths1 full bath
1,848sqft
423 Franz Anderson Rd SE, Olympia, WA 98501
$995,000
$4,952/moEst:
Get Pre-Approved
Single Family Residence
Built in 1930
$-- HOA
1.02 acres lot
$538/sq.ft
Description
Exceptional investment and redevelopment opportunity in one of Olympia’s fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development, this property is zoned HDC-4, allowing for significant density and a wide range of housing options. Preliminary analysis indicates the potential for approximately 60–70 units with building heights up to 75 feet (buyer to verify all development potential with the City of Olympia). The existing home provides immediate utility while plans are made for future development, creating an ideal hold-and-develop scenario. With strong demand for housing, excellent access to shopping, services, and major transportation routes, this is a rare chance to secure a high-density site in a rapidly evolving area. Whether you're a builder, developer, or investor, the possibilities here are substantial. Opportunities like this are increasingly hard to find—bring your vision and capitalize on the growth happening all around you. Buyer to verify all information to their satisfaction. All utilities are on site. Sewer stub is now available right at the property line.
- Houzeo last checked: 12 hours ago
- Listing updated: September 22, 2026 at 6:33 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2540889
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1930
HOA Fees
-
Finished Area
1,848 sqft
Lot Size
1.02 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2540889
MLS Status
Active
Days on Market
108
Cumulative Days on Market
107
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Dining Room
Level: Main
Entry Hall
Level: Main
Kitchen Without Eating Space
Level: Main
Living Room
Level: Main
Primary Bedroom
Level: Main
Bathroom Full
Level: Main
Bedroom
Level: Main
Bathroom Three Quarter
Level: Main
Interior
Exterior Features
Wood, Wood Products
Heating
Forced Air
Sewer
Available, Septic Tank
Cooling
None
Flooring
Hardwood
Construction
Year Built
Year Built: 1930
Home type
Single Family Residence
Construction Materials
Wood
Foundation Details
Poured Concrete
Roof
Composition
Utilities & Energy
Water Source
Public
Parking Features
Attached Carport
Basement
None
Other Features
Lot Features
Value In Land
Subdivision Name
Olympia
Price History
| Date | Event | Price |
|---|---|---|
06/17/2026 Source: | Listed for Sale | $995,000 $538/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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