About this home

Rare infill multifamily development opportunity near downtown Olympia and the Capitol Campus. This vacant, UR-zoned 16,801 SF parcel offers developers a clean slate without the added complexity of renovating or removing an existing structure. Formerly planned as the 9-unit Trestle Union Apartments project, the property includes extensive prior development materials available for review, including civil/site, architectural, structural and supporting project documents. Prior approvals have expired. Convenient access to transit, shopping, dining and major employment centers. Flood Zone X. A compelling opportunity for builders and investors seeking a well-located urban residential site with substantial preliminary planning already completed. Buyer to verify all information and development potential to their satisfaction.

Property details

Lot: Dead End Street, Paved
Water source: In Street
Sewer: In Street
Utilities: Electricity Available, Natural Gas Available

Costs

Annual taxes: $29,400 (2025)

Estimate your monthly payment

$4,619/mo

Principal & interest: $2,169
Property taxes: $2,450

Down payment (20%) $85,800 Interest rate (%) Loan term (years)

Loan amount $343,200

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 98501

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Prof Partners— Matthew Romero.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.

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