USAWAOlympiaOlympia423 Franz Anderson Rd Se
Listing image | Image 1

423 Franz Anderson Rd Se, Olympia, WA

House

For Sale

Listed price in listed location currency (USD).
$995,000

222

MLS® 2540889

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1848 sqft
Garage 
Taxes $1,036
Days Active 6
Lot Size 1.02 Acres
Approx. Age 1930
Avg. Price Per Sqft $538
MLS® Number 2540889

Property Address: 423 Franz Anderson Rd Se, Olympia, WA, 98501-2136

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2540889
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
BasementNone
DrivewayAttached Carport
Garage Spaces
HeatForced Air
A/CNone

Extras

Rooms

Change to metres

Living Room:Main FloorNot available
Other:Main FloorNot available
Dining Room:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 17, 2026List Date
$995,000List Price
  • Commute

Commute

Starting Address
Destination Address
423 Franz Anderson Rd Se, Olympia, WA

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