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$998,000
2481889 MLS ⋅ ACTIVE Status
Unique Investor or Developer Opportunity in Downtown Olympia! Don't miss this one! Listing includes a duplex and 7-plex on one parcel and a leased parking lot. Under market rents, all tenants on month to month tenancy. Units offer a mix of studios and one-bedrooms. Parking spots lease for $30/mo with over 20 stalls! Close to downtown, waterfront, and shopping. Zoned UR (Urban Residential), allows for high-rise redevelopment or mixed-use opportunities!

906 908 Adams Street SE, Olympia

Listing courtesy of Olympic Sotheby's Int'l Realty.

$924,950
4 Beds ⋅ 4 Baths ⋅ 2471227 MLS ⋅ ACTIVE Status
On five serene acres, the builder-designed Ashland floor plan unfolds as a single-level rambler with upstairs bonus living—~3,000 sq ft crafted for the way you live. A main-floor private suite anchors the home, joined by two additional main-level bedrooms for effortless everyday flow. Upstairs, a guest suite with ensuite bath and a media room create space for movie nights, game days, and weekend guests. Thoughtful finishes come standard: solid wood cabinetry, quartz countertops with under-mount sinks, solid-core interior doors, painted 5" craftsman millwork, luxury plank flooring through main-floor commons, and tile flooring with tiled tub/shower surrounds in every bath. With 3.5 baths and a 3-car garage, there’s room for everyone—and everything. Host year-round on the large covered patio, taking in big-sky sunsets and quiet mornings. Ask about available detached shop plans to elevate your lifestyle even more.

14317 Mima Road SW, Olympia

Listing courtesy of BHGRE - Northwest Home Team.

$925,000
2467926 MLS ⋅ ACTIVE Status
Want to get in the development game? Looking for a next great project in a great location? Read on! What is your vision? Single family homes on large lots, attached townhomes for a more affordable option, or multifamily housing to retain in the portfolio. In recent years, State legislation has added more flexibility and options to the way residential land (the parcel is in the Tumwater UGA and zoned SFM 6-9 per acre) and the City of Tumwater is currently underway adopting these policies to be implemented in 2026 (buyer to verify). The property is level/adjacent to paved road/significant timber value exists on the property. Sewer is a stones throw away. Existing home provides income while permitting. Call today for more info!

4027 Dent Road SW, Olympia

Listing courtesy of Keller Williams South Sound.

$925,000
2 Beds ⋅ 1 Baths ⋅ 2467467 MLS ⋅ ACTIVE Status
Want to get in the development game? Looking for a next great project in a great location? Read on! What is your vision? Single family homes on large lots, attached townhomes for a more affordable option, or multifamily housing to retain in the portfolio. In recent years, State legislation has added more flexibility and options to the way residential land (the parcel is in the Tumwater UGA and zoned SFM 6-9 per acre) and the City of Tumwater is currently underway adopting these policies to be implemented in 2026 (buyer to verify). The property is level/adjacent to paved road/significant timber value exists on the property. Sewer is a stones throw away. Existing home provides income while permitting. Call today for more info!

4027 Dent Road SW, Olympia

Listing courtesy of Keller Williams South Sound.

$950,000
3 Beds ⋅ 1 Baths ⋅ 2463258 MLS ⋅ ACTIVE Status
Charming waterfront bungalow offering breathtaking vistas of the Olympics, Nisqually Reach, Key Peninsula, and the serene Anderson and McNeil Islands! This property features a sturdy cement bulkhead, direct beach access via private stairs, and full ownership of the tidelands. Enjoy a peaceful, secluded setting with a covered deck perfect for taking in the panoramic views. It comes with its own well and a pressurized septic system, and the low-maintenance grounds make life easy. The cozy living room, with its exposed beams and wood-burning fireplace, creates a warm and inviting atmosphere—ideal for everyday living or as a relaxing retreat. Meticulously cared for and several updates. lots of guest parking/ GEO Dome & RV parking included.

8038 61st Avenue NE, Olympia

Listing courtesy of AgencyOne.

$995,000
2456143 MLS ⋅ ACTIVE Status
First time on the market for sale! What a great location at the corner of 5th and Capitol in downtown Olympia. 7072 sq ft on the main floor and 1600 sf ft upstairs. Current tenants are Escape Puzzle Room, Harlequin Productions and Super Silver Jewelry store. Tenants are month to month. New HVAC.

501 S Capitol Way, Olympia

Listing courtesy of Coldwell Banker Evergreen.

$989,000
2454248 MLS ⋅ ACTIVE Status
4.89 Acres, Quiet and Serene Niche area half block off major artery, fenced Prime Development Land with small livable home and shop *** Per Tumwater Development: MFM Zoned Multi-family housing, Townhomes, Senior Housing, cottage housing, & more. 9 to 14 Units Per Acre, Density Bonus if 2 permanently affordable units added, Max Height 40 Ft. located just off Henderson Road, a block from new Townhome Community, Water, Sewer and Gas w/i 800 Ft., 7 mins to I-5, Schools, Groceries, Dining, YMCA all within 2 miles, Unique Gorgeous Land, Stately Firs and Cedars provide natural appeal, upscale potential, no wetlands or junk. Create your Legacy Development Here. Home could be rehabbed as a construction office.

916 73rd Avenue SE, Tumwater

Listing courtesy of John L. Scott Lacey.

$999,950
2452805 MLS ⋅ ACTIVE Status
AMAZING CORNER SITE --- FAST DEVELOPING AREA OF TUMWATER. Off new RAB on Israel Rd and Littlerock Rd. Zoned MU (Mixed Use) in the City of Tumwater. New TRADING POST gas station across Israel Rd. All utilities in the streets. Flat lot, partially fenced. COSTCO, TOYOTA, HOME DEPOT, WAL-MART all just a mile away. New 5-Story (260 unit) apartment bldg on Israel Rd going up now!!! Quick Hwy I-5 access.

6940 Littlerock Road SW, Tumwater

Listing courtesy of RE/MAX Parkside Affiliates.

$1,100,000
4 Beds ⋅ 3 Baths ⋅ 2451054 MLS ⋅ ACTIVE Status
Where the sun rises over rolling hills & mornings begin in peaceful silence. This gated 6-acre estate invites you to breathe, create, & truly live. Surrounded by thousands of acres of state land, you’ll find endless trails for hiking, horseback riding, & exploring nature. Inside, sunlight dances across open living spaces - a chef’s kitchen, custom rock fireplace, & a serene primary suite with a spa-inspired bath & walk-in closet. Step outside to unwind beneath the covered patio, gather by the outdoor fireplace, or soak beneath the stars. The 2,300 sq. ft. barn with a 1,000 sq. ft. salon or living quarters offer endless possibilities. A rare sanctuary where comfort, luxury, & nature exist in perfect harmony- just minutes from everyday life.

16840 Melville Street SE, Tenino

Listing courtesy of Capitol Real Estate LLC.

$1,100,000
2444440 MLS ⋅ ACTIVE Status
This is a rare opportunity to establish a strong presence in a thriving commercial area. This 1.4-acre parcel is rare in that it offers direct access to a freeway on/off ramp, situated in an area that is experiencing rapid growth. Zoned multi-use. Bring your ideas!

2411 Tumwater Boulevard SW, Tumwater

Listing courtesy of Group 7 Inc., Real Estate Serv.

$1,100,000
2442401 MLS ⋅ ACTIVE Status
Investor opportunity! 145± acres in Thurston County’s Skookumchuck Valley. Mix of pasture, timber, and habitat. Zoned RRR 1/5 with environmental easements in place. Ideal for farming, rental income, or future subdivision.

18430 Northcraft Road SE, Tenino

Listing courtesy of Northfork Realty.

$1,100,000
1 Beds ⋅ 1 Baths ⋅ 2441293 MLS ⋅ ACTIVE Status
Investor opportunity! 145± acres in Thurston County’s Skookumchuck Valley. Mix of pasture, timber, and habitat. Zoned RRR 1/5 with environmental easements in place. Ideal for farming, rental income, or future subdivision.

18430 Northcraft Road SE, Tenino

Listing courtesy of Northfork Realty.

$950,000
2441268 MLS ⋅ ACTIVE Status
Exceptional investment opportunity! This dynamic commercial property features 3 buildings, each with its own power supply & restroom—perfect for multiple tenants or diverse business operations. 2 buildings are already leased, providing immediate income, while a long-standing convenience store anchors the site with steady customer traffic. Adding to the draw, a designated food truck space brings in extra lease revenue & shopper influx. W/prime visibility, easy accessibility, and versatile use potential for retail, office, or service-based businesses, this property is a rare find. Whether you’re growing your portfolio or launching your own venture, it offers built-in income and endless opportunity. Store inventory/non-lease equipment conveys.

20639 Old Hwy 99 SW, Centralia

Listing courtesy of Northfork Realty.

$1,100,000
2430185 MLS ⋅ ACTIVE Status
This is a rare opportunity to establish a strong presence in a thriving commercial area. This 1.4-acre parcel is rare in that it offers direct access to a freeway on/off ramp, situated in an area that is experiencing rapid growth. Zoned multi-use. Bring your ideas!

2411 Tumwater Boulevard SW, Tumwater

Listing courtesy of Group 7 Inc., Real Estate Serv.

$990,000
2401444 MLS ⋅ ACTIVE Status
Exceptional Industrial Site – 3.51 Acres | I-5 Proximity + Rail Access. Maximize your reach with this level 3.51-acre site tailored for industrial use. Located near Interstate 5 and served by active rail lines, this property offers unbeatable transportation access for supply chain operations. Ideal for developers or owner-users seeking scalability, convenience, and long-term growth. This site is ideal for warehousing, logistics, or light manufacturing.

20906 Old Hwy 9 SW, Centralia

Listing courtesy of St Clair Realty.

$905,000
2031845 MLS ⋅ ACTIVE Status
First time on market since the Hoover administration! Ultra-rare large estate-sized and private waterfront parcel on desirable Johnson Point! Splendid views of Henderson Inlet and the Olympics, and approximately 500' of gorgeous gravelly beachfront plus ownership of the tidelands. Zoned 1 unit per 5 acres. There is definitely marketable timber but no timber cruise has been done. This is the perfect palette for your "statement" home!

8031 Kerbaugh Road NE, Olympia

Listing courtesy of Virgil Adams Real Estate, Inc..

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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