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$995,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 2,883 Sq. Ft.
  • Updated 12 days ago

Listed by Greg Pubols | Century 21 Blue Chip | (253) 444-3108

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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.

Full Property Details for 423 Franz Anderson Rd SE

General

  • Price: $995,000
  • Taxes: $1,036 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2540889
  • Updated: 6/17/2026
  • Added to Site: 20 day(s) ago

Interior

  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Main Floor Baths: 2
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Parking

  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Attached Carport

Location

  • Area: 447 - Olympia North
  • County: Thurston
  • Subdivision: Olympia
  • Building Name: College City Berry Tr
  • Driving Directions: From I-5, Take exit 107, L on Pacific Ave., L on Lilly Rd., L on Stoll Rd., R on Franz Anderson. Property is down on the left.
  • Direction Faces: East

School Information

  • High School District: North Thurston

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Available, Septic Tank
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood, Wood Products
  • Basement Desc.: None
  • Foundation: Poured Concrete
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 2,883
  • Finished Total: 1,848 Sq. Ft.
  • Unfinished Total: 1,035 Sq. Ft.
  • Year Built: 1930

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 1.02
  • Lot Size (Sq. Ft.): 44,431
  • Lot Size Source: Public Records
  • Lot Dimensions: 202' x 207' x 201' x 210'
  • Topography: Level
  • Lot Features: Value In Land

Financial Considerations

  • Tax Amount: $1,036
  • Tax Year: 2026
  • Terms: Cash, Conventional, Owner Will Carry

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 41700200000

Listed by Greg Pubols | Century 21 Blue Chip | (253) 444-3108

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 423 Franz Anderson Rd SE

School District:North Thurston Public Schools
NameGradesDistance
Mountain View Elementary School, Lacey, WA
1900 College Street Southeast, Lacey, WA 98503
PK-51.7 mi
Chinook Middle School, Lacey, WA
4301 6th Ave NE, Lacey, WA 98516
6-81.1 mi
North Thurston High School
600 Sleater Kinney Rd NE, Lacey, WA 98506
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 423 Franz Anderson Rd SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/17/2026
Listed
$995,000
298.45%
MLS
8/04/2016
Sold
$249,719
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 423 Franz Anderson Rd SE

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,036
9%
$475,500
10%
2025
$951
-80%
$430,400
-5%
2021
$4,855
-11%
$453,000
-17%
2023
$5,446
12%
$548,100
47%
2021
$4,855
11%
$373,000
9%
2020
$4,355
15%
$343,100
5%
2019
$3,780
-5%
$326,500
15%
2018
$3,981
24%
$283,700
15%
2017
$3,217
8%
$247,700
4%
2016
$2,985
3%
$238,450
6%
2015
$2,902
8%
$225,700
6%
2014
$2,683
—
$213,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Greg Pubols | Century 21 Blue Chip | (253) 444-3108

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423 Franz Anderson Road SE, Olympia, WA 98501 (MLS# 2540889) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 423 Franz Anderson Road SE is currently listed for $995,000 and was received on June 17, 2026. Want to learn more about 423 Franz Anderson Road SE? Do you have questions about finding other Single Family real estate for sale in Downtown Olympia? You can browse all Downtown Olympia real estate or contact a Coldwell Banker agent to request more information.

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