$505,000
 $2,711 est/mo Sourced by Back At You

4808 4812 15th Avenue,Lacey, WA 98503

Lacey, WA 98503

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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.

Details

MLS #2531449
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site115
Listing Provided ByOlympic Sotheby's Int'l Realty | John Stormans

Features

ZoningMulti-Family,Residential
Acreage0.34
Property ViewYes

Taxes

Property4892

Area Information

StateWA
CountyThurston
CityLacey
Zip Code98503
Area450 Lacey
Community NameLacey
Listing VS Median (in Lacey)
Price:
$505,000
low | high
Med:
$489,000
53.168316831683% of Average
On site:
115
low | high
Med:
95
100% of Average
Sourced by Back At You

Market Activity 98503

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Learn More About This Property

StateWA
CountyThurston
CityLacey
Zip Code98503
Area450 Lacey
Community NameLacey
Listing VS Median (in Lacey)
Price:
$505,000
low | high
Med:
$489,000
53.168316831683% of Average
On site:
115
low | high
Med:
95
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $378K - $631K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
4808 15th Avenue Property Photo 1
$365,000
4808 15th Avenue
Lacey, WA 98503
4812 15th Avenue Property Photo 1
$150,000
4812 15th Avenue
Lacey, WA 98503
Listing Updated: July 10, 2026 at 11:38:27 AM PDT