About this home

Want to get in the development game? Looking for a next great project in a great location? Read on! What is your vision? Single family homes on large lots, attached townhomes for a more affordable option, or multifamily housing to retain in the portfolio. In recent years, State legislation has added more flexibility and options to the way residential land (the parcel is in the Tumwater UGA and zoned SFM 6-9 per acre) and the City of Tumwater is currently underway adopting these policies to be implemented in 2026 (buyer to verify). The property is level/adjacent to paved road/significant timber value exists on the property. Sewer is a stones throw away. Existing home provides income while permitting. Call today for more info!

Exterior features

Metal/Vinyl

Schools

Elementary

Black Lake Elem

Middle

Tumwater Mid

High

A G West Black Hills

Property details

Heating: Baseboard
Cooling: None
Flooring: Vinyl, Carpet
Parking: Detached Garage, Off Street, RV Parking
View: Territorial
Lot: Paved
Water source: Individual Well, Private
Sewer: Septic
Levels: One

Costs

Price / sq ft: $856
Annual taxes: $3,179 (2025)

Estimate your monthly payment

$4,942/mo

Principal & interest: $4,677
Property taxes: $265

Down payment (20%) $185,000 Interest rate (%) Loan term (years)

Loan amount $740,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Olympia, WA 98512

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Keller Williams South Sound— Phil Harlan.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.