5 XX Boulevard Road SE · Olympia, WA 98501
Source: NWMLS · Keller Williams Realty PS · Julia Galleher #NWM2562734
About this home
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!
Location
Basics
- Property type
- Land
- Style
- Res-Less thn 1 Ac
- Lot size
- 5,779 sq ft (0.13 acres)
- County
- Thurston
- MLS #
- NWM2562734
Interior
- Heating
- None
- Cooling
- None
Exterior & lot
- Lot features
- Paved
- Topography
- Level
- View
- Territorial
- Waterfront
- No
Utilities
- Water
- Available, On Property
- Sewer
- Available, On Property
- Utilities
- Electricity Available, Natural Gas Available
Community & fees
- Subdivision
- Olympia
- Property tax
- $1,824 (2026)
Transaction
- Original list price
- $450,950 (77.8% price cut)
- Listed on
- Jul 31, 2026
- Days on market
- 50
- Listing terms
- Cash, Conventional
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
School district: Olympia
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Olympia High SchoolSchoolDigger 5 stars · Top 7% in WA
Listing provided courtesy of: Keller Williams Realty PS
Listing agent: Julia Galleher.
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. IDX information provided exclusively 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. Information is deemed reliable but not guaranteed.
Data last updated 2026-08-26.