Active

Listed by:

Ed Warnock,

Group 7 Inc., Real Estate Serv

$825,000

5012 Rural Road SW, Tumwater, WA 98512

--beds

--baths

2.92Acres

Unimproved Land

Built in ----

2.92 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Great multifamily zoned property in the city of Tumwater! 3 Acres. Minutes to I-5 and walking distance to a large and an ever expanding retail center. Quality and sought after area. Zoned Multifamily High Density Residential (MFH) which allows 14 to 29 units per acre. Quality apartment complexes neighboring to the south and a few blocks to the north so the subject property is in a gap and is next in line to be developed. City water and power are on the property and sewer is in the street. There are income producing manufactured homes, RV slips & a shop on the property that will provide cash flow while developing the property. It is hard to find properties w/ this potential along the I-5 corridor that are only minutes from the freeway.

153 days

61

3

Facts & features

Interior

Features

Has fireplace: No

Interior area

Total structure area: 0

Property

Lot

Size: 2.92 Acres
Dimensions: 408 x 320
Features: Open Lot, Paved, Evergreens, Lightly Treed, Partially Cleared
Topography: Level,Rolling

Details

Parcel number: 09080076000
Zoning: MFH
Zoning description: Multi-Family,Residential,See Remarks,Jurisdiction: City
Special conditions: Standard

Utilities & green energy

Electric: On Property
Gas: In Street
Sewer: In Street
Water: Available, In Street, On Property, Jurisdiction: City of Tumwater
Utilities for property: Electricity Connected, Natural Gas Available

Community & HOA

Community

Subdivision: Tumwater

Location

Region: Olympia

Financial & listing details

Tax assessed value: $243,600
Annual tax amount: $5,353
Date on market: 8/7/2025
Cumulative days on market: 220 days
Listing terms: Cash Out
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,795/mo

Price history

Date	Event	Price
8/8/2025	Listed for sale	$825,000
Source: NWMLS #2418512 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,430 +6.5%	$243,600 +7.2%
2023	$2,281 +34.4%	$227,300 +31.2%
2022	$1,697 -18%	$173,200 -1.2%

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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