7825 Mullen Road SE, Lacey, WA 98503

• 3 beds |
• 2 baths |
• 2,055 sqft

Property Description

Investor Alert! Exceptional opportunity with endless potential on nearly 4.5 acres. This versatile property offers multiple possibilities, from restoring the existing homes for owner occupancy and rental income to exploring future development opportunities, including potential subdivision or higher-density use (buyer to verify). The 2,055 sq. ft. rambler is ready for your vision and renovation expertise to bring it back to its original charm. The property also includes a detached 2-car garage, a 2-bedroom/2-bath manufactured home that can provide additional rental income, and two enormous shops ideal for storage, hobbies, business use, or further income potential. Mature landscaping, private well, and septic system are already in place. Conveniently located just minutes from Timberline High School, I-5 access, shopping, and amenities. Opportunities like this are rare—the potential here is substantial. Property sold AS IS. Buyer to verify all information and development potential to their satisfaction.

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 3:19AM

Listing Office:

RE/MAX Country : 360-400-3475

Listing Agent:

Cynthia Schmier : 360-400-3475

MLS ID:

2539867

Interior

• General: Bath Off PrimaryDbl Pane/Storm WindowDining RoomFireplaceWalk-In Closet(s)Water Heater
• Appliances: DishwasherDisposalRefrigerator
• Basement: None
• Flooring: LaminateCarpet
• A/C: Heat Pump
• Heating: Heat Pump
• Fireplace: GasFireplaceFireplaces: 1

Exterior

• General: Wood Products
• Parking: Attached GarageOff StreetRV ParkingParking spaces: 12

Construction

• Roofing: Composition
• General: OneBlock

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: North Thurston
• County: Thurston

Lot

• Topography: Level
• Zoning: 11835310300
• View: TerritorialView

Utilities

• Water: Individual Well
• Sewer: Septic Tank

Financial

• Source: nwmls