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Listing Firm: Windermere Prof Partners: Drew Staudt

Active
NWMLS # 2159407

$1,975,000

  • - Beds
  • - Baths
  • - Sq.ft.

9115 Old Highway 99 SE, Olympia, WA 98501

Listings with the three tree icon are courtesy of NWMLS

About This Property

6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.

Aris360 Last Checked: Just Now (Jun 04, 2025 03:25 PM)

  • Source: NWMLS as Distributed by MLS Grid #2159407

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Old Highway 99
  • Zip/Postal Code: 98501
  • City: Olympia

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$3,847 per month
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Property Features

  • County
    • Olympia
  • Community
    • 443 - Tumwater
  • MLS Area
    • 443 - Tumwater
  • Longitude
    • -122.871516
  • Latitude
    • 46.954474
  • Directions
    • South on Old Hwy 99 to property on the right-hand side at the address (3 driveway options). Alternatively, east on 93rd Ave SE to the driveway on the left-hand side.

  • Style
    • 41 - Res-Over 1 Acre
  • Lot Description
    • Paved,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Available,
    • In Street,
    • Private Well,
  • Septic or Sewer
    • Available,
    • In Street,
  • Lot Size in Acres

    • 7

  • Building Total Area (Sq. Ft.)
    • 288803
  • Has View
    • Yes
  • Utilities
    • Natural Gas Available,
    • Electricity Connected,
    • Septic Design Installed,
  • Electric On Property
    • Yes
  • View Description
    • Territorial,

  • High School District
    • Tumwater
  • Jr. High School
    • George Wash Bush Mid
  • Elementary School
    • East Olympia Elem
  • High School
    • Tumwater High

  • Possession
    • Closing,
    • Negotiable,
  • Property Type
    • Land
  • Property SubType
    • Land
  • Tax Year
    • 2023
  • Structure Type
    • Land,
  • Tax Amount
    • $2157
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Wed Jun 04 2025 . 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.

Jun 04, 2025 03:25 PM