423 Franz Anderson Rd SE

1,848 Sq. Ft.
$649 / Sq. Ft.
1,848
Sq. Ft.
$649
per Sq. Ft.

Description

Exceptional opportunity with this multi-family development prospect in Olympia, WA. Situated off of Martin Way, a bustling thoroughfare, between three recently established and fully occupied multifamily developments, this parcel is primed for similar success. Preliminary conceptual plans indicate the potential for up to 60 units. Its advantageous proximity to St. Peter's Hospital underscores its strategic location. Centrally positioned between Olympia and Lacey, tenants will enjoy convenient access...Exceptional opportunity with this multi-family development prospect in Olympia, WA. Situated off of Martin Way, a bustling thoroughfare, between three recently established and fully occupied multifamily developments, this parcel is primed for similar success. Preliminary conceptual plans indicate the potential for up to 60 units. Its advantageous proximity to St. Peter's Hospital underscores its strategic location. Centrally positioned between Olympia and Lacey, tenants will enjoy convenient access to a variety of amenities including retail, dining, and Interstate-5, facilitating a seamless commute to Joint Base Lewis McChord (JBLM) for military personnel, as well as civilian, and state employees. This is zoned HDC-4 in the City of Olympia.
  1. Listed by Jason Munoz • Keller Williams South Sound

Property Details for 423 Franz Anderson Road Southeast

Community Name
Olympia
School District
North Thurston
View
Territorial
Number of Assigned Spaces
2
Total Covered Parking
2
Entry Date
04-25-2024
Energy Source
Electric,Natural Gas
Sewer
Available, Septic Tank
LISTING UPDATED: 12/29/2025 11:27 AM

Property Details for 423 Franz Anderson Road Southeast

StatusActive
MLS #2233030
Days on Market624
Cumulative Days on Market622
Taxes$5,518 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential
Year Built1930
Lot Size1.02 AC / 44,431 SF
CountyThurston County

Location

Listing Courtesy of Keller Williams South Sound
Add your commute

Building Information for 423 Franz Anderson Road Southeast

Stories-Year Built1930Building Size-Lot Size1.02 AC / 44,431 SF

Payment Calculator

$6,308 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,849

Property Taxes

$460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 423 Franz Anderson Road Southeast

Summary
Location and General Information
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Area: 447 - Olympia North
  • Directions: Lilly Rd SE, L on Stoll Rd SE, R on Franz Anderson to property.
  • Property Sub Type: RESI
  • View: Yes
  • Waterfront: No
  • Entry Location: Main
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Attached Garage: No
  • Number of Carport Spaces: 2.0
  • Carport: Yes
  • Parking Type: Carport-Attached
  • Open Parking: No
  • Parking Features: Attached Carport
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 0
  • Half Bathrooms: 0
  • Full Baths Lower: 0
  • Full Baths Main: 1
  • Full Baths Upper: 0
  • Three Quarter Baths Lower: 0
  • Three Quarter Baths Main: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Lower: 0
  • Half Baths Main: 0
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 1
Bedroom Information
  • Bedrooms Main: 2
  • Bedrooms Upper: 0
  • Bedrooms Lower: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood
  • Room and Floor: Dining Room-Main, Entry Hall-Main, Bedroom-Main, Kitchen Without Eating Space-Main, Living Room-Main, Bathroom Full-Main
  • Cooling: No
  • Cooling: None
  • Fireplace Features: Electric
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
  • Room List: Dining Room, Entry Hall, Bedroom, Kitchen Without Eating Space, Living Room, Bathroom Full
  • Number Of Showers: 1
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Power Company: PSE
  • Sewer Company: City of Olympia
  • Water Company: City of Olympia
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Level: One
  • Lot Topography: Level
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 20
Lot Information
  • Lot Details: Value In Land
  • Lot Size Source: Realist
  • Parcel Number Free Text: 41700200000
  • Calculated Square Footage: 1848
  • Structure Type: House
  • Square Footage Finished: 1848
  • Square Footage Unfinished: 0
  • Building Area Total: 1848.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Rental
Rent Information
  • Occupant Type: Owner
  • Land Lease: No

Property History for 423 Franz Anderson Road Southeast

DateEvent & SourcePriceAppreciation
Feb 6, 2025

Price Change

NWMLS #2233030

$1,200,000—
Feb 6, 2025

Price Change

NWMLS #2233034

$1,200,000—
Apr 25, 2024

Listed (Active)

NWMLS #2233034

$1,300,000—
Apr 25, 2024

Listed (Active)

NWMLS #2233030

$1,300,000—
Aug 4, 2016

Sold (Public Record)

Public Record #576850825

$250,000—
DateEvent & SourcePrice
02/06/2025

Price Change

NWMLS #2233030

$1,200,000
02/06/2025

Price Change

NWMLS #2233034

$1,200,000
04/25/2024

Listed (Active)

NWMLS #2233034

$1,300,000
04/25/2024

Listed (Active)

NWMLS #2233030

$1,300,000
08/04/2016

Sold (Public Record)

Public Record #576850825

$250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 423 Franz Anderson Road Southeast

Taxable ValueLand$186,600Additions$243,800Total$430,400
Tax Record2025$951 ($79 / month)
Home Facts
Beds2Baths1Total Finished SqFt2,883 SqFtAbove Ground SqFt1,848 SqFtFinished Basement SqFt1,035 SqFtStories1Lot Size44,431 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated1982CountyTHURSTONAPN4170-02-00000Fireplace TypeHas Fireplace

Schools near 423 Franz Anderson Road Southeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Pleasant Glade Elementary School
PublicPK to 5

Chinook Middle School
Public6 to 8

North Thurston High School
Public9 to 12

Ignite Family Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

423 Franz Anderson Road Southeast is a single family home for sale in Olympia, WA 98501. This property was listed for sale on April 25, 2024 by Keller Williams South Sound, it's currently listed at $1,200,000. It has been on the market for a total of 624 days and was last sold on August 4, 2016. This listing's school district is North Thurston Public Schools. Nearby schools include Pleasant Glade Elementary School, Chinook Middle School and North Thurston High School. 423 Franz Anderson Road Southeast is a 2-bed, 1-bath, 1,848 sqft single family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams South Sound

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/09/2026 05:40 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.