RARE OPPERTUNITY IN PRIME OLYMPIA LOCATION! Nearly 7 acres of flat, usable land in one of Olympias more desirable neighborhoods - ready for your custom dream home! With a mix of open pasture & private forested wetlands at the rear, this property offers both space and serenity. A tear-down cabin currently sits on-site. Hard-to-find acreage like this, in such a sought-after area, doesn't come around often. Invest in the potential - & in the lifestyle. Property zoned R-4-8 units per acre. Great opportunity for residential or commercial investment. Come see this property for yourself & begin your vision for what it can become for you today! UPDATE - SQUATTERS HAVE BEEN LEGALLY EVICTED, REMOVED & PROPERTY HAS BEEN CLEANED UP FOR YOUR USE.
Active
Listed by:
Bobbie Jo Roth,
Skyline Properties, Inc.,
Gabriel Hofer,
Skyline Properties, Inc.
$449,950
3502 40th Ave SE, Olympia, WA 98501
--beds
--baths
6.68Acres
Unimproved Land
Built in ----
6.68 Acres Lot
$387,100 Zestimate®
$--/sqft
$-- HOA
What's special
Flat usable land
- 141 days |
- 211 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 03, 2025 at 11:27am
Listed by:
Bobbie Jo Roth,
Skyline Properties, Inc.,
Gabriel Hofer,
Skyline Properties, Inc.
Source: NWMLS,MLS#: 2403222
Facts & features
Interior
Property
Lot
- Size: 6.68 Acres
- Features: Dead End Street, Paved
- Topography: Level
Details
- Parcel number: 11830440500
- Zoning: R-4-8
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Available
- Sewer: Not Available
- Water: Drilled Well
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: South Eastside Olympia
Location
- Region: Olympia
Financial & listing details
- Tax assessed value: $364,200
- Annual tax amount: $3,905
- Date on market: 7/24/2025
- Cumulative days on market: 141 days
- Listing terms: Cash Out,Conventional,Rehab Loan
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
$387,100
$310,000 - $465,000
$2,012/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2025 | Listed for sale | $449,950+267.3% |
Source:  NWMLS #2403222 Report a problem | ||
| 1/19/2004 | Sold | $122,500 |
Source: NWMLS #23154942 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,905 +11.8% | $364,200 +3% |
| 2023 | $3,492 +10% | $353,600 +11.3% |
| 2022 | $3,175 -8.9% | $317,800 +11.4% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 98501
Nearby schools
GreatSchools rating
- 4/10Horizons Elementary SchoolGrades: K-5Distance: 2.1 mi
- 7/10Komachin Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Timberline High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Horizons Elem
- Middle: Komachin Mid
- High: Timberline High
Source: NWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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