RARE OPPERTUNITY IN PRIME OLYMPIA LOCATION! Nearly 7 acres of flat, usable land in one of Olympias more desirable neighborhoods - ready for your custom dream home! With a mix of open pasture & private forested wetlands at the rear, this property offers both space and serenity. A tear-down cabin currently sits on-site. Hard-to-find acreage like this, in such a sought-after area, doesn't come around often. Invest in the potential - & in the lifestyle. Property zoned R-4-8 units per acre. Great opportunity for residential or commercial investment. Come see this property for yourself & begin your vision for what it can become for you today!
Active
Listed by: Skyline Properties, Inc. • Gabriel Hofer
Price cut: $10K (8/23)
$439,950
3502 40th Ave SE, Olympia, WA 98501
--beds
--baths
6.68Acres
Unimproved Land
Built in ----
6.68 Acres Lot
$402,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 140 days
- 243
- 14
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Gabriel Hofer,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2511421
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 6.68 Acres
- Features: Dead End Street
- Topography: Level
Details
- Parcel number: 11830440500
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Available
- Sewer: Not Available
- Water: Drilled Well
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: South Eastside Olympia
Location
- Region: Olympia
Financial & listing details
- Tax assessed value: $364,200
- Annual tax amount: $1,872
- Date on market: 8/12/2025
- Cumulative days on market: 392 days
- Listing terms: Conventional,Rehab Loan
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
$402,500
$330,000 - $483,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2026 | Price change | $439,950-2.2% |
Source:  NWMLS as distributed by MLS GRID #2511421 Report a problem | ||
| 4/22/2026 | Listed for sale | $449,950+267.3% |
Source: NWMLS as distributed by MLS GRID #2511421 Report a problem | ||
| 1/19/2004 | Sold | $122,500 |
Source: NWMLS as distributed by MLS GRID #23154942 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,905 +11.8% | $364,200 +3% |
| 2023 | $3,492 +10% | $353,600 +11.3% |
| 2022 | $3,175 -8.9% | $317,800 +11.4% |
| 2021 | $3,484 -4% | $285,300 +2.4% |
| 2020 | $3,630 +36.8% | $278,700 -5.8% |
| 2019 | $2,654 +13.9% | $295,900 +29.3% |
| 2018 | $2,330 +40.3% | $228,800 +53.5% |
| 2017 | $1,661 | $149,100 +15.7% |
| 2016 | $1,661 | $128,850 +0.6% |
| 2014 | $1,661 | $128,050 +8.7% |
| 2013 | -- | $117,850 |
| 2012 | $1,595 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,041 | -- |
| 2008 | -- | -- |
| 2007 | $1,903 -18.8% | -- |
| 2006 | $2,344 | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $674 -5.9% | $43,200 |
| 2000 | $716 | $43,200 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98501
Nearby schools
Schools provided by the listing agent
- Elementary: Horizons Elem
- Middle: Komachin Mid
- High: Timberline 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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