4808 15th Avenue SE, Lacey, WA 98503 (MLS # 2362985)

Listing provided courtesy of Northwest MLS; Olympic Sotheby's Int'l Realty

Price $560,000
Status Active
Beds 1
Baths 1 Bath
Home size 696 sqft
Lot Size 15,003 sqft
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 Type(s): Single Family
Last Updated 4/23/2025 Tract Lacey
Year Built 1952 Community Lacey
Garage Spaces 1.0 County Thurston

Additional Details

AIR None
APPLIANCES Dishwasher, Microwave, Refrigerator, Trash Compactor
AREA 450 - Lacey
BASEMENT None
CONSTRUCTION Cement Siding, Wood Siding
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air
INTERIOR Double Pane/Storm Window, Laminate
LOT 0.3444 acre(s)
LOT DESCRIPTION Paved, Value In Land
MLS STATUS Active
PARKING Driveway, Attached
PRIMARY ON MAIN Yes
STORIES 1
STYLE 10 - 1 Story
SUBDIVISION Lacey
TAXES 2606
UTILITIES Sewer Connected
WATER Public

Location

 

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/24/25 3:29 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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