Active · Land

4808 4812 15th Avenue SE, Lacey, WA 98503

Lacey, WA 98503

$505,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Olympic Sotheby's Int'l Realty · MLS #2531449 · Active

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About this property

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.

Property details

Property type: Land
Lot size: 15,000 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $4,892 (2026)
School district: North Thurston

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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