For Sale241d on market
5012 Rural Road SW
Olympia, WA, 98512 • 98512 • Thurston County
$825,000
2.9 acLot
Property DNA
Res-Over 1 Acre Style
Res-Over 1 Acre architecture
Tumwater
98512
Market activity
Demand and pricing signals for this listing
64 views
People checking out this listing
1 saves
Buyers have saved this home
241 days on market
Established listing
About this home
Lot
Great multifamily zoned property in the city of Tumwater! 3 Acres. Minutes to I-5 and walking distance to a large and an ever expanding retail center. Quality and sought after area. Zoned Multifamily High Density Residential (MFH) which allows 14 to 29 units per acre. Quality apartment complexes neighboring to the south and a few blocks to the north so the subject property is in a gap and is next in line to be developed. City water and power are on the property and sewer is in the street. There are income producing manufactured homes, RV slips & a shop on the property that will provide cash flow while developing the property. It is hard to find properties w/ this potential along the I-5 corridor that are only minutes from the freeway.
Estimated monthly payment
Based on current rates
$5,134/month
Principal & Interest$4,034
Property Tax$825
Insurance$275
Down payment20% ($165,000)
3%50%
Est. 6.18% rate · 30yr fixed · $660,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
StyleRes-Over 1 Acre
Systems
Water / SewerAvailable, In Street, On Property, Jurisdiction: City of Tumwater / In Street
Parking & Outdoor
Lot2.92 Acres
Location & Tax
Neighborhood98512
ZoningMFH
Annual tax$5,353
Parcel09080076000
Features & details
3 categories of property features
Exterior Features
Lot Features
Open Lot
Paved
Evergreens
Lightly Treed
Partially Cleared
Utilities
Electricity Connected
Natural Gas Available
Gas
In Street
Listing insights
Market data and value estimates
StatusFor Sale
Days on market241
Est. rent$1,795/mo
Tax rate0.81%
On marketAug 7, 2025
PostedAug 8, 2025
MLS statusActive
MLS updatedFeb 9, 2026
Tour days6
Views64
Favorites1
How are the schools in Olympia?
3 schools rated nearby
Location
Olympia, WA, 98512
Price history
1 event
DateEventPrice$/sqftSource
Aug 8, 2025Listed For Sale$825,000—NWMLS as distributed by MLS GRID
Listed For Sale$825,000
Aug 8, 2025•NWMLS as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 7, 2024$2,430$243,600
Apr 7, 2023$2,281$227,300
Apr 7, 2022$1,697$173,200
Apr 7, 2021$2,069$175,300
Apr 7, 2020$1,708$132,600
Apr 7, 2019$1,466$137,400
Apr 7, 2018$1,430$117,600
Apr 7, 2017$1,378$109,650
Apr 7, 2016$1,378$106,150
Apr 7, 2014$1,378$100,700
Apr 7, 2013—$92,900
Apr 7, 2012$1,242—
Apr 7, 2011——
Apr 7, 2010——
Apr 7, 2009$2,000—
Apr 7, 2008——
Apr 7, 2007$2,012—
Apr 7, 2006$2,630—
Apr 7, 2005——
Apr 7, 2004——
Apr 7, 2002——
Apr 7, 2001$257$15,700
Apr 7, 2000$265$15,700
Nearby homes
Neighborhood details
Local context around this listing
Olympia, WA • Thurston County
Nearby cities
BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino
Nearby zip codes
985019851198512
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 03:23:26 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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