5 XX Boulevard Road SE, Olympia, WA 98501
Listed by Julia Galleher, Keller Williams Realty PS
Originally $450,950
Reduced $351,000 · 78%$99,950
5 XX Boulevard Road SE, Olympia, WA 98501
Olympia, WA, 98501
Tour this home
Jeff Reynolds · Managing Broker, Compass
Start with a focused 15-minute call, then tour with a clear due-diligence plan.
- Land
- Type
- 5,779 sq ft
- Lot
- 0
- Days on market
About this property
Outstanding opportunity in a highly desirable Olympia location! Lot zoned for 4–8 units per acre, 53' X 110' and commercial zoning is across the street. Ideal for multifamily units (buyer to verify). All utilities are in the street. The adjacent lot with two houses that are currently rented is also for sale, offering immediate returns with future upside. 523 is 769 sq. ft., built in 1962, and has been updated with a newer roof, flooring, and siding, and rented for $1,670.00 a month, while the front home, 521, is 839 sq. ft., built in 1965 and needs some TLC (currently rented for a VERY low $787.50, month to month). Both are 2 bedrooms, 1 bath + carport. Purchase both lots for even a bigger footprint. With alley access available (buyer to verify). A rare combination of location, income, and development potential! Do not disturb the tenants in the houses. What a great investment!
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2562734
- Listed
- July 31, 2026
- Days on market
- 0
- Original list price
- $450,950
Unit & building
- Building
- Fourth St Blvd Add Olympia
Views
- View
- Territorial
Construction
- Style
- 40 - Res-Less thn 1 Ac
- Structure
- None
Lot
- Lot features
- Paved
- Lot size
- 5,779 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity AvailableNatural Gas Available
- Water
- AvailableOn Property
- Sewer
- AvailableOn Property
Schools
- District
- Olympia
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Buyer To Verify
Listing history
Listed
$450,950
July 31, 2026
Current price
$99,950
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
$582
- Principal & interest
- $505
- Property tax (est.)
- $77
Assumes $19,990 down (20%), a $79,960 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.
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Based on information submitted to the MLS GRID as of July 31, 2026 at 8:15 PM 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.