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423 Franz Anderson Road Se, Olympia, WA 98501

Olympia
Local realty services provided by:CENTURY 21 Tri-Cities
423 Franz Anderson Road Se,Olympia, WA 98501
$995,000
  • 2 Beds
  • 2 Baths
  • 2,883 sq. ft.
  • Single family
  • Active
Listed by:
Office: century 21 blue chip
MLS#:2540889
Source:NWMLS

Price summary

  • Price:$995,000
  • Price per sq. ft.:$345.13

About this home

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...

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Home facts

  • Year built:1930
  • Subdivision & Development:Olympia
  • Listing ID #:2540889
  • Updated:August 20, 2026 at 11:18 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Flooring:Hardwood
  • Bedroom Description:Main Level Bedrooms : 2
  • Basement:Yes
  • Living area:2,883 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1930
  • Building area:2,883 sq. ft.
  • Lot area:1.02 Acres
  • Lot Features:Value In Land
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish
  • Foundation Description:None
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Available, Septic Tank

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$345.13
  • Tax amount:$1,036 (2026)

Parking

  • Total parking spaces:2
  • Parking description:Attached Carport
  • Carport spaces:2
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 20, 2026. 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 © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Vicki Monteagudo

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