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Listed by Virgil Adams Real Estate, Inc.

Listing courtesy of NWMLS

1200 Cherry Street SE

Olympia, WA 98501

LISTING

FEATURED

$475,000

Active

0.33

Acres

MLS# 2173038

Cumulative Days on Market: 542 (since November 15th, 2024) Data provided by the MLS.

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Property Description

Opportunity time! This ideally located .34 acre site is zoned Urban Residential and is sited so conveniently close to office buildings, downtown, and the freeway in a high density job area. Urban Residential requires no minimum / maximum unit / acre density requirements. 55' height restriction. Would appear to provide 20-25 units on site.

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Property Highlights

Price

$475,000

Property Type

Land

Property Sub Type

Land

Living Area

0.00

Acres

0.33

Location

Area

447 - Olympia North

County

Thurston

Subdivision

Olympia

View

City

Zoning Description

UR

Property Details

Price

$475,000

Property Sub Type

Land

Property Type

Land

Building

Structure Type

Multi Family

Community

Local Schools

Elementary School

Lincoln Elementary

High School

Olympia High

Middle School

Wash Mid

School District

Olympia

Terms

Terms

Special Conditions

None

Special Terms

Cash Out, Conventional

Taxes

Tax

Tax (Annual)

$2,105

Heating, Cooling & Utilities

Utilities

Sewer

In Street

Utilities

Electricity Available, Natural Gas Available

Water Source

In Street

Lot

Acres

0.33

Lot Dimensions

120'x120'

Lot Features

Corner Lot, Curbs, Paved

Lot Size Area Sq Ft

14,400

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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 6-Jun-2025 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified. See assumptions and disclosures

Assumptions and Disclosures

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• Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
• This is not a credit decision or a commitment to lend.
• Depending on loan guidelines, mortgage insurance may be required
• If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
• APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
• Your monthly payment is not based on APR, but instead on the interest rate on your Note.
• Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
• These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
• Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
• Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
• Please contact a loan specialist to get specific payment examples and information regarding your particular needs.

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Property History

3 days ago

Property information last updated

202 days ago

Status Active. This is the date the listing was placed on market.

NOTE: Cumulative Days on Market: 542. Data provided by the MLS.

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All listings featuring the  icon are provided courtesy of the Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID. IDX information is 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. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 06/06/2025 09:20 am. 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. Properties displayed may be listed or sold by various participants in the MLS.

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Listing Data last updated: 06/06/2025 09:20 am

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1200 Cherry Street SE - MLS#2173038 - $475,000

Listed by Virgil Adams Real Estate, Inc.

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