This listing courtesy of John Stormans , Olympic Sotheby's Int'l Realty

$505,000

4808 4812 15th Avenue SE, Lacey, WA 98503

Land
Built in ——
0.34acre lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

One-of-a-kind development opportunity in the heart of Lacey! This exceptionally rare property consists of a fully updated single family rental with water, sewer, and power stubbed to the back of the lot for a second building site, as well as a 7500+/- sqft vacant lot stubbed with water, sewer, and power that is build ready and approved for a 2500+/- sqft duplex. With 1 updated unit already rented and 2 other building sites (3 units total) only needing building plan approvals. A turnkey development opportunity like this is hard to find. Perfect location close to amenities and I-5 for convenient north/south travel. A home run investment for any investor or developer looking to expand their portfolio.

Listing Status:: Active
Data Last Updated:: July 7, 2026 at 2:19AM
Listing Office:: Olympic Sotheby's Int'l Realty : 360-528-4160
Listing Agent:: John Stormans : 360-528-4160
MLS ID:: 2531449

A/C: None
Heating: None
Fireplace: Fireplaces: 0

General: 40 - Res-Less thn 1 Ac

Road/Access: Paved
HOA Amenities: 0.0
Originating MLS: nwmls
School District: North Thurston
County: Thurston

Topography: Level
Zoning: 65600200701
View: TerritorialView

Utilities: Electricity ConnectedNatural Gas AvailableElectricity on Property
Water: On Property
Sewer: AvailableIn Street

Source: nwmls

This listing courtesy of John Stormans , Olympic Sotheby's Int'l Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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