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!

Property type

Townhouse

Year built

Not listed

Interior

Not listed

Open houses

No upcoming open houses scheduled for this property.

Nearby open houses (3)

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Property photo for 1136 68th Loop Se #2, Tumwater

Open Wed, Jun 10 +6

11:00 AM – 5:00 PM

$636K

4 bd · 2.5 ba · 2,493 sqft

1136 68th Loop Se #2, Tumwater, WA 98501

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RexMont Market Signal©

Ask RexMont to verify value

$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.

Viewing 1 of 2

Sold Jan 30, 2026Comp 1

$295,000Last sold price

1 beds0 baths510 sq ft

509 N 3rd Avenue, Tumwater, WA 98512

$578/sq ft2.6 mi awaysmaller lot

Property photo for 817 Grant Street Sw, Tumwater

Sold Nov 6, 2025Comp 2

$362,000Last sold price

1 beds1 baths672 sq ft

817 Grant Street Sw, Tumwater, WA 98512

$539/sq ft2.8 mi awaysmaller lot

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.

More resources

Rental earningsEst. $975 per month, before expense review

RexMont OfferEdge^™

How much should you offer?

7045 Henderson Boulevard Se, Tumwater, WA 98501

Your offerDown payment %

Waive financing Pre-inspection

List price

$1,990,000

Down payment

$398,000

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Property details

Neighborhood mobility

Walk, bike & transit scores

Mortgage payment forecast

$10,946 per month

Great rate

Principal and interest

Property taxes

HOA dues

Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhood Compare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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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.

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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.

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