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423 Franz Anderson Road SE in Olympia

Listing ID:2540889 (Residential Home)
Listing Price:$995,000
Days on Market:1

Details

Bed / Bath:2.00 / 1.75
Square Feet:1,848
Lot Size:1.02 acres (44,431 sqft)

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 arou


NWMLS

This listing is provided courtesy of NWMLS, contributed by Blue Chip Realty.



Home Details

Home

Style:10 - 1 Story
Bedrooms:2.00
Bathrooms:1.75
Year Built:1982
Square Footage:1,848
Lot Square Footage:1.02 acres

Surroundings

View:Territorial

Financials

Tax Year:2026
Parcel Number:41700200000
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