120 Pattison St NE, Olympia, WA 98506

Olympia Martin Way Development Site offers a prime ±6.1-acre multifamily development opportunity across three parcels, with exceptional access, strong surrounding employment drivers, and meaningful land-use flexibility. The site currently has plans for 82 townhome units; however, zoning allows for an alternative development scenario accommodating up to 147 apartment units, providing multiple paths to maximize density and returns.

Strategically located in East Olympia, the property sits directly across from Intercity Transit headquarters and in close proximity to key government employment centers, including the Thurston County Auditor’s Office, Thurston County Courthouse, and other county and state administrative offices. This concentration of stable public-sector employment provides a reliable renter base and supports long-term housing demand.

The property is zoned HDC-4 (High Density Corridor), a designation intended to support higher-density residential development in transit-oriented areas. This zoning allows for a range of multifamily configurations, including townhomes and apartments, and is designed to encourage efficient land use, walkability, and proximity to public transit. The flexibility of HDC-4 zoning supports both the currently planned townhome project and a higher-density apartment alternative, allowing developers to align product type with evolving market demand.

Offered at $2.65 million ($434,426 per acre), the Pattison Development Site represents a highly attractive, well-located, and flexible opportunity in a demand-driven and supply-constrained corridor.