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507 Pear Street NE in Olympia

Listing ID:2023664 (Residential Home)
Listing Price:$2,300,000
Days on Market:167


Bed / Bath:0.00 / 0.00
Square Feet:1,176
Lot Size:0.16 acres (6,854 sqft)

This home anchors a 1.53 acre, 8 parcel development opportunity w/views of Budd Bay, Marina, Olympics, Capitol & Black Hills. Currently home generates monthly income for investment partners pursuing development as either a 40 unit apartment complex or 17 view townhomes with 3 townhomes on Pear/Prospect lots. Developers are near completion on permitting for townhouse project and will consider a joint venture or cash out including plans, surveys and permitting in process. There is also an opportunity for a fractional ownership/partnership investment for either multi-family apartment complex or townhouse project. Townhouse community plans submitted to City available for review. Outstanding location with views and proximity to city amenities.


This listing is provided courtesy of NWMLS, contributed by Pettit Realty LLC.

Home Details


Style:16 - 1 Story w/Bsmnt.
Year Built:1990
Square Footage:1,176
Lot Square Footage:0.16 acres
Total Covered Parking:2


School District:Olympia
Elementary School:Roosevelt Elementary
Junior High:Reeves Mid
Senior High:Olympia High


View:Bay, City, See Remarks, Sound


Tax Year:2022
Parcel Number:34700100100
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