6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.
Listing Provided Courtesy of Drew Staudt, Windermere Prof Partners
General Information
NWM2159407
259
DOM
6.63 acres
0
Residen
Thurston
East Olympia El
George Wash Bus
Tumwater High
Land
Listing Provided Courtesy of Drew Staudt, Windermere Prof Partners
Krishna Realty data last checked: Jun 29, 2025 05:48 | Listing last modified Nov 13, 2024 18:35,
Source:
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Residence Information
0
41 - Res-Over 1 Acre
Features and Utilities
Available, In Street, Private
Available, In Street
Financial
2157
Cash Out, Conventional
09-18-2023
Comparable Information
259
259
Cash Out, Conventional
$2,300,000
$2,300,000
Nov 13, 2024 18:35
Schools
Elementary : East Olympia ElN/ARatings Middle : George Wash Bus N/ARatings High : Tumwater HighN/ARatings
6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.
