423 Franz Anderson Road Se, Olympia, WA 98501

Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: jason munoz, kyle shimabukuro
Office: keller williams south sound
MLS#:2233030
Source:NWMLS
423 Franz Anderson Road Se,Olympia, WA 98501
$1,200,000
  • 2 Beds
  • 1 Baths
  • 1,848 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$649.35

About this home

Exceptional opportunity with this multi-family development prospect in Olympia, WA. Situated off of Martin Way, a bustling thoroughfare, between three recently established and fully occupied multifamily developments, this parcel is primed for similar success. Preliminary conceptual plans indicate the potential for up to 60 units. Its advantageous proximity to St. Peter's Hospital underscores its strategic location. Centrally positioned between Olympia and Lacey, tenants will enjoy convenient access to a variety of amenities including retail, dining, and Interstate-5, facilitating a seamless commute to Joint Base Lewis McChord (JBLM) for military personnel, as well as civilian, and state employees. This is zoned HDC-4 in the City of Olympia.

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Home facts

  • Year built:1930
  • Listing ID #:2233030
  • Updated:November 26, 2025 at 11:59 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:1,848 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1930
  • Building area:1,848 sq. ft.
  • Lot area:1.02 Acres

Utilities

  • Water:Public
  • Sewer:Available, Septic Tank

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$649.35
  • Tax amount:$5,518 (2024)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 26, 2025. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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