Outstanding opportunity in a highly desirable Olympia location! Lot zoned for 4–8 units per acre, 53' X 110' and commercial zoning is across the street. Ideal for multifamily units (buyer to verify). All utilities are in the street. The adjacent lot with two houses that are currently rented is also for sale, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965 and needs some TLC (currently rented for a VERY low $787.50, month to month). Both are 2 bedrooms, 1 bath + carport. Purchase both lots for even a bigger footprint. With alley access available (buyer to verify). A rare combination of location, income, and development potential! Do not disturb the tenants in the houses. What a great investment!
Active
Listed by: Keller Williams Realty PS • Julia Galleher
$99,950
5 XX Boulevard Road SE, Olympia, WA 98501
--beds
--baths
5,780Square Feet
Unimproved Land
Built in ----
5,780 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Alley access available
- 11 hours |
- 17 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Julia Galleher,
Keller Williams Realty PS
Source: NWMLS as distributed by MLS GRID,MLS#: 2562734
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,780 Square Feet
- Features: Paved
- Topography: Level
Details
- Parcel number: 4880010900
- Zoning: R 4-8
- Zoning description: Residential,See Remarks,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: Available
- Sewer: Available, On Property
- Water: Available, On Property, Jurisdiction: City of Olympia
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Annual tax amount: $1,824
- Date on market: 7/30/2026
- Cumulative days on market: 2 days
- Listing terms: Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Listed for sale | $99,950 |
Source:  NWMLS as distributed by MLS GRID #2562734 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Eastside
Nearby schools
GreatSchools rating
- 7/10Madison Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 8/10Reeves Middle SchoolGrades: 6-8Distance: 1.7 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 2 mi
- $350,0002 bd1 ba740 sqft427 Boulevard Rd SE, Olympia, WA 98501Sold
- $340,0004 bd1 ba1.3k sqft503 Boulevard Rd SE, Olympia, WA 98501Sold
- $575,0004 bd3 ba2.5k sqft426 Sawyer St SE, Olympia, WA 98501For Sale
- $549,0004 bd2 ba1.5k sqft521 & 523 Boulevard Rd SE, Olympia, WA 98501For Sale
- $325,0001 bd1 ba468 sqft531 Boulevard Rd SE, Olympia, WA 98501Sold
- $374,0002 bd1 ba1k sqft521 Sawyer St SE, Olympia, WA 98501Sold
- $555,0004 bd2 ba2.3k sqft600 Boulevard Rd SE, Olympia, WA 98501Sold
- $406,5003 bd1 ba2.4k sqft609 Boulevard Rd SE, Olympia, WA 98501Sold
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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