Olympia Multifamily Development
For Sale
$1,250,000
Pending
2123 9th Ave SW, Olympia, WA 98502
2.33+/- acres zoned RM-24 in desirable Westside neighborhood.
Property Size101,495 SF
Days on Market918
Property Features for 2123 9th Ave SW
General Information
Standard status
Pending
Size
101,495 SF
Property subtype
Commercial
Listing Agency:
OLYMPIC SOTHEBY'S INTERNATIONAL REALTY
Listed By:
MAX STOTTLEMYRE
Source:
Corcoran
Added: Feb 6, 2024
Changed: Aug 8
Last Checked: Aug 8 at 12:04PM
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 OLYMPIC SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This property presents a development opportunity in the city of Olympia. It comprises 2.33+/- acres zoned RM-24, with potential for increased density. Situated on the corner of 9th and Fern in the Westside neighborhood, the location offers proximity to amenities and lies between the Capital Mall and Downtown Olympia. The site includes a 1408+/- sqft home that requires renovation, but could potentially generate rental income while development permits are being processed. Given the increasing demand for housing, this property is suitable for constructing a multifamily development.
Key Highlights
- Large 2.33+\/- acre multifamily development opportunity in Olympia.
- Zoned RM‑24 with potential for increased density.
- Prime location in the desirable Westside neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 98502, WA
35,698
Population
15,550
Households
2.3
Avg Household Size
41
Median Age
52%
College-Educated
97%
High-School Grad
63.4 sq mi
ZIP Area
563
Density / Sq Mi
$87,154
Median Household Income
$46,404
Median Earnings
$1,569
Median Rent
$496,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 2.33+/- acres zoned RM-24 in desirable Westside neighborhood.
Where is this residential land & home lot located?
The property is located at 2123 9th Ave SW Olympia, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Large 2.33+\/- acre multifamily development opportunity in Olympia.; Zoned RM‑24 with potential for increased density.; Prime location in the desirable Westside neighborhood.
