Pending · Land

5 XX Boulevard Road SE, Olympia, WA 98501

Olympia, WA 98501

$99,950

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Keller Williams Realty PS · MLS #2562734 · Pending

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About this property

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!

Property details

Property type: Land
Lot size: 5,779 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $1,824 (2026)
School district: Olympia

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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