Investor alert! Location, location, location! 2 separate parcels totaling just shy of 2 acres, zoned R-4, which allows for a max density of 4 dwelling units per acre. So much potential in this 2 bed plus 2 detached finished spaces & 1 bath 1,588 sq ft home on 1.9 acre corner lot just off of South Bay Rd. Detached 2 car garage & detached shop (38’X31’). Perfect location close to medical services, shopping & freeway. Fix up the 2-bedroom home for rental income, and build your dream home on this large lot. Zoning allows for one structure per lot but up to 4 dwelling units, so there are possibilities for townhomes or a fourplex—buyer to verify all development options to their satisfaction. Property does need some repair & is being sold as-is.
Sold
Listed by: Keller Williams South Sound • Rachel Platt
Bought with: Olympic Sotheby's Int'l Realty
$395,000
2829 26th Avenue NE, Olympia, WA 98506
2beds
1,588sqft
Single Family Residence
Built in 1947
1.92 Acres Lot
$477,900 Zestimate®
$249/sqft
$2,685 Estimated rent
Home value
$477,900
$421,000 - $535,000
$2,685/mo
Zestimate® history
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Large lotCorner lot
Zillow last checked:
Listing updated:
Offers reviewed: Aug 18
Listed by:
Rachel Platt,
Keller Williams South Sound,
Cyrus Platt,
Keller Williams South Sound
Bought with:
Megan Zahringer, 139746
Olympic Sotheby's Int'l Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2388269
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Utility room
- Level: Main
Heating
- Baseboard, Stove/Free Standing, Electric, Pellet, Propane
Cooling
- None
Appliances
- Included: Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Water Heater: Electric
Features
- Flooring: Hardwood, Softwood
- Windows: Double Pane/Storm Window
- Basement: None
- Has fireplace: No
- Fireplace features: Pellet Stove
Interior area
- Total structure area: 1,588
- Total interior livable area: 1,588 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached Garage, RV Parking
- Garage spaces: 6
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Double Pane/Storm Window, Security System, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.92 Acres
- Features: Paved, Barn, Fenced-Partially, Propane, RV Parking, Shop
- Topography: Level,Partial Slope
- Residential vegetation: Garden Space
Details
- Parcel number: 11807210400
- Zoning: R-4-8
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Block
- Roof: Composition
Condition
- Fixer
- Year built: 1947
- Major remodel year: 1947
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Well
Community & HOA
Community
- Security: Security System
- Subdivision: South Bay
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $249/sqft
- Tax assessed value: $416,300
- Annual tax amount: $5,302
- Offers reviewed: 08/18/2025
- Date on market: 10/6/2025
- Cumulative days on market: 289 days
- Inclusions: Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2025 | Sold | $395,000-3.7%$249/sqft |
Source:  NWMLS as distributed by MLS GRID #2388269 Report a problem | ||
| 8/20/2025 | Pending sale | $410,000$258/sqft |
Source: NWMLS as distributed by MLS GRID #2388269 Report a problem | ||
| 8/9/2025 | Price change | $410,000-11.8%$258/sqft |
Source: NWMLS as distributed by MLS GRID #2388269 Report a problem | ||
| 6/14/2025 | Pending sale | $465,000$293/sqft |
Source: NWMLS as distributed by MLS GRID #2388269 Report a problem | ||
| 6/5/2025 | Listed for sale | $465,000+227.5%$293/sqft |
Source: NWMLS as distributed by MLS GRID #2388269 Report a problem | ||
| 2/25/1997 | Sold | $142,000$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,476 +9.4% | $416,300 +1% |
| 2023 | $4,093 +8.8% | $412,300 +9.9% |
| 2022 | $3,762 -4.3% | $375,000 +15.6% |
| 2021 | $3,930 +9.6% | $324,500 +17.8% |
| 2020 | $3,587 +23.2% | $275,400 +1.6% |
| 2019 | $2,912 -2.9% | $271,100 +7.8% |
| 2018 | $3,001 +23.5% | $251,400 +28.7% |
| 2017 | $2,429 | $195,400 +8.4% |
| 2016 | $2,429 | $180,300 +3.9% |
| 2014 | $2,429 | $173,450 +4% |
| 2013 | -- | $166,850 |
| 2012 | $2,251 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,314 | -- |
| 2008 | -- | -- |
| 2007 | $2,239 -19% | -- |
| 2006 | $2,763 +57.3% | -- |
| 2005 | $1,757 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,541 -3% | $94,400 |
| 2000 | $1,588 | $94,400 |
Find assessor info on the county website
Neighborhood: 98506
Nearby homes
- $525,0002 bd2 ba2k sqft2521 S Bay Rd NE, Olympia, WA 98506Sold
- $530,0004 bd2 ba2.1k sqft2611 S Bay Rd NE, Olympia, WA 98506Sold
- $465,0003 bd2 ba1.5k sqft2932 26th Ave NE APT 2, Olympia, WA 98506Sold
- $798,1004 bd3 ba3.2k sqft2911 27th Ln NE, Olympia, WA 98506Sold
- $724,9003 bd3 ba2.1k sqft2927 27th Ln NE, Olympia, WA 98506Pending
- $120,0002.69 Acres0 Libby Rd NE, Olympia, WA 98506Lot/Land
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Nearby schools
GreatSchools rating
- 8/10South Bay Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 1.9 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: South Bay Elem
- Middle: Chinook Mid
- High: North Thurston High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$477,900
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Estimated market value
$477,900
- Washington
- Thurston County
- Olympia
- 98506
- 2829 26th Avenue NE
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