Quiet country living just minutes from the freeway, close to westside olympia. Comfortable living area, master bedroom with bathroom boasting lovely skylights, enclosed deck for looking out over the countryside as the sun sets. Large covered deck, full basement, 2 car garage. Solarium, gated driveway. Garden with raised beds. Very close to Mclane Nature Trail.
Initial lease for one year.
Property has well and own septic tank, renter shall pay for electricity, utilities.
Property has ample parking for multiple vehicles and storage of larger vehicles (RV/Trailer) are available at neighboring property for small fee.
This rental is pet free but can be discussed on a case by case basis and additional pet deposit would be required.
Tenant will be responsible for maintaining lawn, grounds. Necessary equipment will be provided by landlord.
Sold for $800,000
$800,000
5509 40th Ave SW, Olympia, WA 98512
4beds
2,100sqft
Single Family Residence
Built in ----
-- sqft lot
$797,700 Zestimate®
$381/sqft
$3,231 Estimated rent
Home value
$797,700
$758,000 - $838,000
$3,231/mo
Zestimate® history
Owner options
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$3,231/mo
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$3,231/mo
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$5,161/mo
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Est. payment
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List your homeWhat's special
Full basementLarge covered deckMaster bedroom with bathroomBathroom boasting lovely skylightsGated drivewayGarden with raised beds
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Heat Pump
Cooling
- Wall Unit
Appliances
- Included: Dishwasher, Dryer, Freezer, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Carpet, Hardwood, Tile
Interior area
- Total interior livable area: 2,100 sqft
Property
Parking
- Parking features: Attached, Off Street
- Has attached garage: Yes
- Details: Contact manager
Features
- Exterior features: Heating system: Baseboard
Details
- Parcel number: 13836120100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & HOA
Community
- Security: Gated Community
- Deposit fee: $3,150
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $381/sqft
- Tax assessed value: $759,900
- Annual tax amount: $8,712
- Date on market: 11/13/2025
- Date available: 11/13/2025
- Lease term: 1 Year
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2025 | Listing removed | $3,150$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/13/2025 | Listed for rent | $3,150$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2024 | Listing removed | $3,150$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/8/2024 | Listed for rent | $3,150$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2024 | Sold | $800,000+277.4%$381/sqft |
Source: Public Record Report a problem | ||
| 7/8/2004 | Sold | $212,000+24.7%$101/sqft |
Source: | ||
| 10/15/1999 | Sold | $170,000$81/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,712 +34.7% | $759,900 +31.5% |
| 2024 | $6,468 +5.9% | $577,800 +7% |
| 2023 | $6,106 +4.2% | $540,100 +2.5% |
| 2022 | $5,861 +2% | $527,100 +16.6% |
| 2021 | $5,744 +16.4% | $452,100 +28.6% |
| 2020 | $4,935 +16.7% | $351,500 +13.1% |
| 2019 | $4,228 +0.7% | $310,900 -6.4% |
| 2018 | $4,199 +23% | $332,300 +27.3% |
| 2017 | $3,413 | $261,000 +13.4% |
| 2016 | $3,413 | $230,250 -6% |
| 2014 | $3,413 | $244,850 -3.1% |
| 2013 | -- | $252,650 |
| 2012 | $3,026 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $3,509 | -- |
| 2008 | -- | -- |
| 2007 | $3,461 -12.1% | -- |
| 2006 | $3,937 +54.3% | -- |
| 2005 | $2,551 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,394 +3.3% | $147,600 +3.4% |
| 2000 | $2,317 | $142,700 |
Find assessor info on the county website
Neighborhood: 98512
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Nearby schools
GreatSchools rating
- 4/10McLane Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 7/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 4.2 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 4 mi
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Estimated market value
$797,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$797,700
- Washington
- Thurston County
- Olympia
- 98512
- 5509 40th Ave SW