$1,990,000
Est. $10,042/mo7045 Henderson Boulevard Se, Tumwater, WA 98501
• Listed 2025-06-27•127 days on market
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Attention Developers!!! We are pleased to present this MFM zoned 5.02+/- acre development opportunity in Tumwater! Zoning allows for most multi-family configurations including townhomes, apartment complexes, cottage housing, and more! Preliminary configuration sketches for a 48-unit townhome development have been engineered and the initial pre-submission conference with the City has been completed. All utilities on property or in street. Pre-submission notes available upon request!
$329,000
-$1,661,000 under list price
Nearby comparable homes
RexMont uses 2 strongest recent nearby sales, priced between $295K and $362K.
Rental earnings
$975/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.

$295,000Last sold price
509 N 3rd Avenue, Tumwater, WA 98512

$362,000Last sold price
817 Grant Street Sw, Tumwater, WA 98512
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.
7045 Henderson Boulevard Se, Tumwater, 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.
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$10,946 per month
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of February 2, 2026 at 03:27pm (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.
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Listed by Max Stottlemyre • Olympic Sotheby's Int'l Realty
Listing updated: February 2, 2026 at 03:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2398164
Open Wed, Jun 10 +7
Open Sun, Jun 14Tumwater is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
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.