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.
Active
Listed by: Group 7 Inc., Real Estate Serv • Ed Warnock
$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
- 381 days |
- 32 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Ed Warnock,
Group 7 Inc., Real Estate Serv
Source: NWMLS as distributed by MLS GRID,MLS#: 2418512
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: 382 days
- 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 as distributed by MLS GRID #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% |
| 2021 | $2,069 +21.1% | $175,300 +32.2% |
| 2020 | $1,708 +16.5% | $132,600 -3.5% |
| 2019 | $1,466 +2.5% | $137,400 +16.8% |
| 2018 | $1,430 +3.8% | $117,600 +7.3% |
| 2017 | $1,378 | $109,650 +3.3% |
| 2016 | $1,378 | $106,150 +5.4% |
| 2014 | $1,378 | $100,700 +8.4% |
| 2013 | -- | $92,900 |
| 2012 | $1,242 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,000 | -- |
| 2008 | -- | -- |
| 2007 | $2,012 -23.5% | -- |
| 2006 | $2,630 | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $257 -2.8% | $15,700 |
| 2000 | $265 | $15,700 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98512
Nearby schools
GreatSchools rating
- 8/10Michael T Simmons Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 8/10Tumwater Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10A G West Black Hills High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Michael T Simmons El
- Middle: Tumwater Mid
- High: A G West Black Hills
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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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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