Multifamily Zoned Property in
For Sale
$825,000
5012 Rural Road SW, Tumwater, WA 98512
Multifamily zoned property near I-5 with income potential.
Property SizeContact for details
Lot Size2.92 Acres
Days on Market367
Property Features for 5012 Rural Road SW
General Information
Standard status
Active
Lot size
2.92 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$5,354
Amenities
Open Space
Paved
Listing Agency:
GROUP 7 INC., REAL ESTATE SERV
(360) 357-7779
Listed By:
ED WARNOCK
Source:
Corcoran
Added: Aug 8, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:10AM
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 GROUP 7 INC., REAL ESTATE SERV
Investment Insights
Based on property information with market context.
This 3-acre property is located in Tumwater and is zoned Multifamily High Density Residential (MFH), allowing for 14 to 29 units per acre. Situated minutes from I-5 and within walking distance of a large and expanding retail center, the property is positioned in a sought-after area. Neighboring quality apartment complexes are located to the south and a few blocks to the north, indicating the subject property is next in line for development. City water and power are available on the property, and sewer is in the street. The property includes income-producing manufactured homes, RV slips, and a shop, providing cash flow during development. This property presents a development opportunity along the I-5 corridor.
Key Highlights
- 3 Acres in a sought‑after area of Tumwater.
- Prime location minutes from I‑5.
- Zoned Multifamily High Density Residential (MFH) allowing 14‑29 units per acre.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 98512, WA
31,422
Population
13,216
Households
2.4
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
138.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,738
Median Household Income
$56,673
Median Earnings
$1,655
Median Rent
$438,800
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 - Multifamily zoned property near I-5 with income potential.
Where is this residential land & home lot located?
The property is located at 5012 Rural Road SW Tumwater, WA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3 Acres in a sought‑after area of Tumwater.; Prime location minutes from I‑5.; Zoned Multifamily High Density Residential (MFH) allowing 14‑29 units per acre.
