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.
Active
Listed by: Olympic Sotheby's Int'l Realty • John Stormans
$505,000
4808 4812 15th Avenue SE, Lacey, WA 98503
--beds
--baths
0.34Acres
Unimproved Land
Built in ----
0.34 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 65 days |
- 46 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
John Stormans,
Olympic Sotheby's Int'l Realty,
Kyle Kanda,
Olympic Sotheby's Int'l Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2531449
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.34 Acres
- Features: Paved
- Topography: Level
Details
- Parcel number: 65600200701
- Zoning description: Multi-Family,Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: On Property
- Sewer: Available, In Street
- Water: On Property
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Annual tax amount: $4,892
- Date on market: 5/29/2026
- Cumulative days on market: 66 days
- Listing terms: Conventional,FHA
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Listed for sale | $505,000 |
Source:  NWMLS as distributed by MLS GRID #2531449 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 98503
Nearby schools
GreatSchools rating
- 3/10Mountain View Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 1.5 mi
- $365,0001 bd1 ba696 sqft4808 15th Ave SE, Lacey, WA 98503For Sale
- $150,0007,501.032 Square Feet4812 15th Ave SE, Lacey, WA 98503Lot/Land
- $685,000-- bd-- ba2.6k sqft1414-1412 Notter Ln SE, Lacey, WA 98503Sold
- $375,0002 bd1 ba864 sqft4802 15th Ave SE, Lacey, WA 98503Sold
- $690,000-- bd-- ba2.5k sqft4902 15th Ave SE, Lacey, WA 98503Sold
- $375,0002 bd1 ba850 sqft1415 Ruddell Rd SE, Lacey, WA 98503Sold
- $420,0003 bd1 ba1.3k sqft1411 Ruddell Rd SE, Lacey, WA 98503Sold
- $395,0003 bd1 ba1.1k sqft4904 14th Ave SE, Lacey, WA 98503Sold
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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