Address
423 Franz Anderson Road Se, Olympia, WA
Price
$ 995,000
Property Attributes
- ID#2540889
- TypeSingle Family
- CountyTHURSTON
- CityOlympia
- AreaOlympia North
- NeighborhoodOlympia
- Zip98501
- Style1 Story
- Year Built1930
- Taxes$ 1036
- Price$ 995,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1848
- Lot Size1.02 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property 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.
| Price History | |
|---|---|
| 6/17/2026 | Listed $995,000 |
General Features
| Living Area | 1848 |
|---|---|
| Sewer | Available,Septic Tank |
| Heating | Forced Air |
| Cooling | None |
| Possession | Closing |
| Roof | Composition |
| Year Built | 1930 |
| View | Territorial |
| Topography | Level |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| Building Name | College City Berry Tr |
| County | Thurston |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Olympia |
| Facing Direction | East |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | From I-5,Take exit 107,L on Pacific Ave.,L on Lilly Rd.,L on Stoll Rd.,R on Franz Anderson. Property is down on the left. |
| City | Olympia |
| Entry Location | Main |
| Senior Community Y/N | No |
| High School District | North Thurston |
| MLS Area | 447 - Olympia North |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 44431 |
| Carport Spaces | 2 |
| Carport Y/N | Yes |
| Listing Terms | Cash,Conventional,Owner Will Carry |
| Land Lease Y/N | No |
| Tax Annual Amount | 1036 |
| Public Remarks | Exceptional investment and redevelopment opportunity in one of Olympias fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development,this property is |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | City of Olympia |
| Property Style | 10 - 1 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Basement | None |
|---|---|
| Flooring | Hardwood |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| 3/4 Baths | 1 |
| Total Bedrooms | 2 |
| Main Level Bedrooms | 2 |
| Total Baths | 2 |
| Bedrooms Possible | 2 |
| Power Production Type | Electric,Natural Gas |
| Baths Three Quarter Main | 1 |
| Baths Full Main | 1 |
| Bathrooms | 1.75 |
Exterior Features
| Exterior Amenities | Wood,Wood Products |
|---|---|
| Parking Features | Attached Carport |
| Lot Features | Value In Land |
| Water Source | Public |
| Total Parking | 2 |
| Foundation Details | Poured Concrete |
| Building Area Total | 2883 |
| Lot Dimensions | 202'x207'x201'x210' |
| Lot Size Acres | 1.02 |
| Waterfront Y/N | No |
| Covered Spaces | 2 |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98501
Price
Taxes
Year Built
Visits
In The Neighborhood
Open House
Olympia
$ 485,000
- Type
- Single Family | Active
- Size
- 1,524 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Coldwell Banker Evergreen
Just Listed
Olympia
$ 275,000
- Type
- Single Family | Active
- Size
- 968 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: Keller Williams Rlty Bellevue
Just Listed
Olympia
$ 615,000
- Type
- Single Family | Active
- Size
- 2,392 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: RE/MAX Parkside Affiliates
Just Listed
Olympia
$ 950,000
- Type
- Single Family | Active
- Size
- 2,592 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: Coldwell Banker Evergreen
Just Listed
Olympia
$ 729,950
- Type
- Single Family | Active
- Size
- 2,692 SqFt
- Rooms
- 5 Beds + 2.5 Baths
Listed by: Epic Realty
Open House
Olympia
$ 605,000
- Type
- Single Family | Active
- Size
- 2,222 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Olympic Sotheby's Int'l Realty
Just Listed
Olympia
$ 649,950
- Type
- Single Family | Active
- Size
- 1,856 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Epic Realty
Just Listed
Olympia
$ 548,000
- Type
- Single Family | Active
- Size
- 1,720 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Skyline Properties, Inc.
Just Listed
Olympia
$ 465,000
- Type
- Single Family | Active
- Size
- 1,970 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: RE/MAX Parkside Affiliates
Open House
Olympia
$ 577,995
- Type
- Single Family | Active
- Size
- 2,251 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: D.R. Horton
Olympia
$ 485,000
- Type
- Single Family | Active
- Size
- 1,906 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Redfin
Olympia
$ 575,000
- Type
- Single Family | Active
- Size
- 2,113 SqFt
- Rooms
- 5 Beds + 2.5 Baths
Listed by: RE/MAX Northwest
Olympia
$ 4,999,900
- Type
- Single Family | Active
- Size
- 5,672 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: Riley Jackson Real Estate Inc.
