$445,000
Est. $2,255/mo509 Dehart Drive Se, Olympia, WA 98501
• Listed 2026-05-12•32 days on market
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Unlock the potential of this uniquely positioned commercial property in the heart of Olympia! Zoned HDC-4 per the City of Olympia, this property offers a wide range of development opportunities including multi-family, office, retail, mixed-use, and more. Situated between Pacific Ave and Martin Way, this location offers excellent visibility and accessibility for your next investment venture. Minutes from I-5. Existing home structure was originally built in 1901 and relocated to the property in 1964. The structure has sustained fire damage and is currently not habitable, presenting an opportunity to rehabilitate, repurpose, or redevelop utilizing the existing footprint. Bring your vision and creativity to this versatile property with endless possibilities. Buyer to verify all information and development potential to their own satisfaction. Bring your agent and check out this investment property.
Open houses
No upcoming open houses scheduled for this property.
$319,000
-$126,000 under list price
Nearby comparable homes
RexMont uses 2 strongest recent nearby sales, priced between $293K and $345K.
Rental earnings
$950/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$293,400Last sold price
1232 Frederick Street Se, Olympia, WA 98501
$345,000Last sold price
3804 27th Avenue Se, Olympia, WA 98501
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
509 Dehart Drive Se, Olympia, WA 98501
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,700 per month
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 12, 2026 at 10:34am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Ashley Larson • Northfork Realty
Listing updated: May 12, 2026 at 10:34am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2522222
Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$399,900 Sold
3 months ago
2 bd•1 ba•~1,360 sq ft•Single Family
1717 14th Avenue Se, Olympia, WA 98501
0%
Over list
—
Days on market
0.9 mi
Distance
$520,000 Sold
5 months ago
4 bd•2.5 ba•~1,981 sq ft•Single Family
2528 10th Court Se, Olympia, WA 98501
1%
Under list
—
Days on market
0.4 mi
Distance
$380,000 Sold
5 months ago
2 bd•1 ba•~1,020 sq ft•Single Family
1910 Van Epps Street Se, Olympia, WA 98501
5%
Under list
—
Days on market
1.0 mi
Distance
$390,000 Sold
6 months ago
3 bd•1 ba•~1,008 sq ft•Single Family
1720 Wilson St Se, Olympia, WA 98501
4%
Over list
—
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
