Located three blocks from the Capitol Building, this 120 ft x 111 ft size lot, 120 ft frontage on Union Avenue SE, making it exceptionally suitable for a variety of developments including apartment buildings, senior housing, homeless shelters, and more due to its "Urban Residential" zoning(UR), which could permit up to 5 story 42 ft height with 85% lot coverage, a 10 ft front setback, 5 ft rear set back, no side setbacks can provide 11,000 SF lot coverage X 4 story building (44,000 SF for 45-60 unit apartment or senior housing or 70 homeless housing units ). No parking required for residential apartment,senior housing or home less shelter . previously used as a parking lot for an office building.
Active
Listed by: CENTURY 21 North Homes Realty • Nitya Niranjan
$500,000
625 UNION Avenue SE, Olympia, WA 98501
--beds
--baths
0.31Acres
Unimproved Land
Built in ----
0.31 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 548 days |
- 29 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Nitya Niranjan,
CENTURY 21 North Homes Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2325187
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.31 Acres
- Dimensions: 120 x 111
- Features: Paved, Evergreens
- Topography: Level
Details
- Parcel number: 78205500300
- Zoning: UR
- Zoning description: Commercial,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: In Street
- Sewer: Available, In Street
- Water: Available, Jurisdiction: Olympia
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Tax assessed value: $323,400
- Annual tax amount: $2,723
- Date on market: 1/22/2025
- Cumulative days on market: 550 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,746/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/27/2025 | Price change | $500,000-16.7% |
Source:  NWMLS as distributed by MLS GRID #2325187 Report a problem | ||
| 1/23/2025 | Listed for sale | $599,950+383.1% |
Source: NWMLS as distributed by MLS GRID #2325187 Report a problem | ||
| 2/14/2005 | Sold | $124,200 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,393 +24.6% | $323,400 +24.4% |
| 2023 | $2,723 +7.6% | $259,900 +2.7% |
| 2022 | $2,530 -28.4% | $253,100 -14.3% |
| 2021 | $3,533 -21.1% | $295,400 -14.8% |
| 2020 | $4,479 +14.9% | $346,800 +14.1% |
| 2019 | $3,898 +10.1% | $303,900 -4.2% |
| 2018 | $3,539 +10.5% | $317,100 +21.6% |
| 2017 | $3,203 | $260,700 -8.7% |
| 2016 | $3,203 | $285,650 +11.6% |
| 2014 | $3,203 | $256,050 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Washington Middle SchoolGrades: 6-8Distance: 1.7 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Lincoln Elementary
- High: Olympia 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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