Ryan Lyden

423 Franz Anderson Road Se

Olympia, WA
$ 995,000 Beds 2 Baths 2 Sq 1,848
Monthly Estimate* How much can I afford?

Exceptional investment and redevelopment opportunity in one of Olympia’s fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development, this property is zoned HDC-4, allowing for significant density and a wide range of housing options. Preliminary analysis indicates the potential for approximately 60–70 units with building heights up to 75 feet (buyer to verify all development potential with the City of Olympia). The existing home provides immediate utility while plans are made for future development, creating an ideal hold-and-develop scenario. With strong demand for housing, excellent access to shopping, services, and major transportation routes, this is a rare chance to secure a high-density site in a rapidly evolving area. Whether you're a builder, developer, or investor, the possibilities here are substantial. Opportunities like this are increasingly hard to find—bring your vision and capitalize on the growth happening all around you. Buyer to verify all information to their satisfaction. All utilities are on site. Sewer stub is now available right at the property line.

Active

  • Price
  • $ 995,000
  • City
  • Olympia
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • THURSTON
  • Half Bathrooms
  • 0
  • Area
  • Olympia North
  • Lot Size
  • 1.02 Acres
  • Zip
  • 98501
  • Sqr Footage
  • 1,848
  • Year Built
  • 1930
  • Taxes
  • $ 1036
  • Style
  • 1 Story
  • MLS#
  • 2540889
Listed By: Century 21 Blue Chip and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS)

Features

General

Living Area 1848
Sewer Available,Septic Tank
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
Year Built 1930
View Territorial
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
Building Name College City Berry Tr
County Thurston
New Construction No
Property Type Residential
HOA No
Attached Garage No
Subdivision Name Olympia
Facing Direction East
Full Baths 1
Special Listing Conditions None
Status Active
Directions From I-5,Take exit 107,L on Pacific Ave.,L on Lilly Rd.,L on Stoll Rd.,R on Franz Anderson. Property is down on the left.
City Olympia
Entry Location Main
Senior Community Y/N No
High School District North Thurston
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 44431
Carport Spaces 2
Carport Y/N Yes
Listing Terms Cash,Conventional,Owner Will Carry
Land Lease Y/N No
Tax Annual Amount 1036
Public Remarks Exceptional investment and redevelopment opportunity in one of Olympias fastest-growing corridors! Situated on approximately one acre and surrounded by newer residential development,this property is
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company City of Olympia
Property Style 10 - 1 Story
NWM_ShowMapLink Yes

Interior Features

Basement None
Flooring Hardwood
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
Bedrooms Possible 2
Power Production Type Electric,Natural Gas
Baths Three Quarter Main 1
Baths Full Main 1
Bathrooms 1.75

Exterior Features

Exterior Amenities Wood,Wood Products
Parking Features Attached Carport
Lot Features Value In Land
Water Source Public
Total Parking 2
Foundation Details Poured Concrete
Building Area Total 2883
Lot Dimensions 202'x207'x201'x210'
Lot Size Acres 1.02
Waterfront Y/N No
Covered Spaces 2
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Maple Falls, WA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/17/2026 Listed $995,000

Property vs Zip Code Average in 98501

Price
AVG $620K
$1,000K
Taxes
AVG $5,052
$1,036
Year Built
AVG 1990
1930
Visits
AVG 212
355
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

423 Franz Anderson Road Se Olympia, WA is a Single Family Home for sale at $995000 with 1848 sqft and a lot size of 1.02 Acres Acre(s). 423 Franz Anderson Road Se Olympia has 2 bedrooms, 2 baths and was built in 1930. The property's zip code is 98501 which is in Olympia, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Ryan Lyden

Ryan Lyden

Broker

360-927-2687

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