Multifamily Development
For Sale
$1,990,000
7045 Henderson Boulevard Southeast, Tumwater, WA 98501
Zoned for multi-family; 5.02± acres with preliminary 48-unit townhome configuration sketches and utilities available.
Property SizeContact for details
Lot Size5.02 Acres
Days on Market427
Property Features for 7045 Henderson Boulevard Southeast
General Information
Standard status
Active
Lot size
5.02 Acres
Property subtype
Land
Zoning
MFM
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,866
Amenities
0, 0, 0, 0
No
Gravel
Listing Agency:
Olympic Sotheby's Int'l Realty
(360) 528-4167
Listed By:
Max Stottlemyre · License #22011836
Source:
Compass
Added: Jun 9, 2025
Changed: Aug 8
Last Checked: Mar 25 at 4:50PM
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 Int'l Realty
Investment Insights
Based on property information with market context.
This 5.02± acre development site at 7045 Henderson Boulevard Southeast in Tumwater, Washington is zoned MFM and is intended for multi-family configurations. The current zoning framework allows for most multi-family layouts, including townhomes, apartment complexes, cottage housing, and other related options.
Preliminary configuration sketches for a 48-unit townhome development have been engineered, and the initial pre-submission conference with the City has been completed. The seller notes that all utilities are either on the property or located in the street, and pre-submission conference notes are available upon request.
Preliminary configuration sketches for a 48-unit townhome development have been engineered, and the initial pre-submission conference with the City has been completed. The seller notes that all utilities are either on the property or located in the street, and pre-submission conference notes are available upon request.
Key Highlights
- 5.02+/- acre development site in Tumwater with MFM zoning for multi‑family configurations
- Zoning allows for townhomes, apartment complexes, cottage housing, and other multi‑family options
- Preliminary engineered configuration sketches prepared for a 48‑unit townhome development
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
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
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 - Zoned for multi-family; 5.02± acres with preliminary 48-unit townhome configuration sketches and utilities available.
Where is this residential land & home lot located?
The property is located at 7045 Henderson Boulevard Southeast Tumwater, WA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 5.02+/- acre development site in Tumwater with MFM zoning for multi‑family configurations; Zoning allows for townhomes, apartment complexes, cottage housing, and other multi‑family options; Preliminary engineered configuration sketches prepared for a 48‑unit townhome development
