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Residential Development Opportunity in Olympia
For Sale
$950,000

1515 Middle Street Southeast, Olympia, WA 98501

3.31 acres for residential development near Olympia High School.

Property SizeContact for details
Lot Size3.31 Acres
Days on Market217

Property Features for 1515 Middle Street Southeast

General Information

Standard status Active
Lot size 3.31 Acres
Property subtype Land

Taxes and HOA fees

Annual Taxes $2,518

Amenities

0, 0, 0, 0
No
Brush,Evergreens,Lightly Treed
Paved
Listing Agency: RE/MAX Parkside Affiliates
Listed By: Thomas Schrader · License #118109
Source: Compass
Added: Jan 7 Changed: Aug 8 Last Checked: Jul 16 at 6:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Parkside Affiliates

Investment Insights

Based on property information with market context.

This 3.31-acre residential development opportunity is located off Middle Street, near Henderson Blvd and Olympia High School. Preliminary plat is available for 16 townhomes. Completed work includes site plans, civil plans, drainage plan, storm plan, pest management review, geo/soils, topography, and SEPa (with comments). The owner will provide all completed documents to the buyer. The site may also be suitable for single-family homes.

Key Highlights

  • Residential development opportunity in Olympia core on 3.31 acres.
  • Preliminary Plat for 16 Townhomes included.
  • Project located near Olympia High School and Henderson Blvd.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant Law Firm Pharmacy Building Supply Hair Salon Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

157
Businesses Nearby

Demographics for 98501, WA

45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - 3.31 acres for residential development near Olympia High School.
Where is this residential land & home lot located?
The property is located at 1515 Middle Street Southeast Olympia, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Residential development opportunity in Olympia core on 3.31 acres.; Preliminary Plat for **16 Townhomes included.**; Project located near Olympia High School and Henderson Blvd.
More about this property
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