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Investment Highlights

  • Investment Opportunity
  • Development Potential
  • 3 Homes on 2+ Acres

Executive Summary

Investment Opportunity – 3 Homes on 2+ Acres in West Olympia! Discover a rare income-producing property with development potential in Olympia’s desirable westside. This unique estate at 3226 Cooper Point Rd NW includes three separate rental homes, all currently occupied, providing immediate cash flow for the new owner. Situated on R-4 zoned land (Residential 4 units per acre), the property offers exciting subdivision or redevelopment possibilities like build additional homes, create a small community, or simply enjoy steady rental income from day one. The grounds feature beautiful, marketable timber that adds both natural beauty and potential additional value. This property is located across the street from the Olympia Country & Golf Club.

Property Facts

Price $820,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 2.10 AC
Zoning R-4

1 Lot Available

Lot

Price $820,000
Price Per AC $400,000.00
Lot Size 2.05 AC

Investment Opportunity – 3 Homes on 2+ Acres in West Olympia!

Description

Investment Opportunity – 3 Homes on 2+ Acres in West Olympia!

Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
09370036001
Land Assessment
$263,600
Improvements Assessment
$274,700
Total Assessment
$538,300
  • Listing ID: 38582148

  • Date on Market: 11/26/2025

  • Last Updated:

  • Address: 3226 Cooper Point NW r, Olympia, WA 98502

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