Outstanding opportunity in a highly desirable Olympia location! Lot zoned for 4-8 units per acre, 53' X 110' and commercial zoning is across the street. Ideal for multifamily units (buyer to verify). All utilities are in the street. The adjacent lot with two houses that are currently rented is also for sale, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965 and needs some TLC (currently rented for a VERY low $787.50, month to month). Both are 2 bedrooms, 1 bath + carport. Purchase both lots for even a bigger footprint. With alley access available (buyer to verify). A rare combination of location, income, and development potential! Do not disturb the tenants in the houses. What a great investment!
| MLS # | 2562734 |
|---|---|
| Listing Type | For Sale |
| Building Name | Fourth St Blvd Add Olympia |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 39 |
| Listing Provided By | Keller Williams Realty PS | Julia Galleher |
| Zoning | R 4-8 |
|---|---|
| Acreage | 0.13 |
| Property View | Yes |
| Property | 1824 |
|---|
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98501 |
| Area | 447 Olympia North |
| Community Name | Olympia |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Olympia) | |
Price: $99,950 low | high Med: $567,645 On site: 39 low | high Med: 72.5 | |
| State | WA |
|---|---|
| County | Thurston |
| City | Olympia |
| Zip Code | 98501 |
| Area | 447 Olympia North |
| Community Name | Olympia |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Olympia) | |
Price: $99,950 low | high Med: $567,645 On site: 39 low | high Med: 72.5 | |