Property Photo: 9115 Old Highway 99 SE WA 98501

Listing Courtesy of:

Northwest MLS / Windermere Professional Partners / Drew Staudt

9115 Old Highway 99 SE Olympia, WA 98501

Active (603 Days)

$1,975,000 ^(USD)

6.63

ACRES

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Description

6.63 Acres of Development Land w/ MFM Zoning which permits all configurations of multi-family, townhouses, rowhouses, manufactured home parks, senior housing, cottage housing, & more. Density of 9-15 units/acre, but possible to increase to 20 units/acre by incorporating permanently affordable housing units. Max height of 40 ft. Level topo & no wetlands. Mostly treed w/ some clear areas. Water & Sewer are about 1300 ft away along Hwy 99 with plans in place to run the lines past property to near intersection. At max density, this property could produce 99 units at $19.9K/unit. By incorporating the max affordable housing units, it could yield 133 units at $14.8K/unit. Priced at $6.84/SF. Located w/in the UGA of Tumwater.

MLS #:
2159407

Taxes
$2,157(2023)

Lot Size
6.63 acres

Type
Land

Style
Res-Over 1 Acre

Views
Territorial

School District
Tumwater

County
Thurston County

Community
Olympia

Listed By

Drew Staudt, Windermere Professional Partners

Source
Northwest MLS as distributed by MLS Grid
Last checked Oct 25 2025 at 6:38 AM GMT+0000

Bathroom Details

Subdivision

Olympia

Lot Information

Paved

Property Features

Fireplace: 0

Utility Information

Utilities: Septic Design Installed, Natural Gas Available, Electricity Connected
Sewer: Available, In Street

School Information

Elementary School: East Olympia Elem
Middle School: George Wash Bush Mid
High School: Tumwater High

Additional Listing Info

Buyer Brokerage Compensation: 2.5

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Listing Price History

Date

Event

Price

% Change

$ (+/-)

May 08, 2024

Price Changed

$1,975,000

-14%

-325,000

Sep 18, 2023

Original Price

$2,300,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 10/24/25 23:38. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.