507 Pear Street NE, Olympia, WA 98501


507 Pear Street NE, Olympia, WA 98501

Courtesy of: Cynthia Niles | Pettit Realty LLC
$2,300,000 Olympia, WA 98501
  • 0.16 Acres
  • Thurston County

Key Features

  • MLS ID: 2023664
  • Year Build: 1920
  • Status: Active
  • Property Type: Residential
  • Area: 447 - Olympia North
  • Exterior: ["Wood Products"]
  • Address: 507 Pear Street NE, Olympia, WA 98501
  • City: Olympia
  • State: WA
  • Zip: 98501
  • County: Thurston


This home anchors a 1.53 acre, 8 parcel development opportunity w/views of Budd Bay, Marina, Olympics, Capitol & Black Hills. Currently home generates monthly income for investment partners pursuing development as either a 40 unit apartment complex or 17 view townhomes with 3 townhomes on Pear/Prospect lots. Developers are near completion on permitting for townhouse project and will consider a joint venture or cash out including plans, surveys and permitting in process. There is also an opportunity for a fractional ownership/partnership investment for either multi-family apartment complex or townhouse project. Townhouse community plans submitted to City available for review. Outstanding location with views and proximity to city amenities.

Property Map

Fronts East Bay Drive on West Side adjacent to Holiday Apartments and Pear and Prospect on East Side.

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