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JRJeff ReynoldsCompass · Seattle

Listed by Nit Niranjan, CENTURY 21 North Homes Realty

Land
Type
13,352 sq ft
Lot
536
Days on market

About this property

Located three blocks from the Capitol Building, this 120 ft x 111 ft size lot, 120 ft frontage on Union Avenue SE, making it exceptionally suitable for a variety of developments including apartment buildings, senior housing, homeless shelters, and more due to its "Urban Residential" zoning(UR), which could permit up to 5 story 42 ft height with 85% lot coverage, a 10 ft front setback, 5 ft rear set back, no side setbacks can provide 11,000 SF lot coverage X 4 story building (44,000 SF for 45-60 unit apartment or senior housing or 70 homeless housing units ). No parking required for residential apartment,senior housing or home less shelter . previously used as a parking lot for an office building.

Location & commute

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Directions

Property details

Listing details

Listing number
#2325187
Listed
January 23, 2025
Days on market
536
Original list price
$599,950

Unit & building

Building
Swan's addition

Views

View
Territorial

Construction

Style
42 - Multi-Family
Structure
None

Lot

Lot features
Paved
Lot size
13,352 sq ft

Terms

Terms offered
Cash Out

Utilities

Utilities
Electricity AvailableNatural Gas Available
Water
Available
Sewer
AvailableIn Street

Schools

District
Olympia
Elementary
Lincoln Elementary
High
Olympia High

What stands out to you?

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  • Territorial
  • None
  • Paved
  • Cash Out
  • Electricity Available
  • Natural Gas Available
  • Available
  • In Street

Listing history

  1. Listed

    $599,950

    January 23, 2025

  2. Current price

    $500,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$2,911

Principal & interest
$2,528
Property tax (est.)
$383

Assumes $100,000 down (20%), a $400,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. 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.