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:
John Stormans,
Olympic Sotheby's Int'l Realty,
Kyle Kanda,
Olympic Sotheby's Int'l Realty
$560,000
4808 15th Avenue SE, Lacey, WA 98503
1beds
696sqft
Est.:
Single Family Residence
Built in 1952
0.34 Acres Lot
$-- Zestimate®
$805/sqft
$-- HOA
What's special
- 2 days
- on Zillow |
- 91 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 02:43pm
Listed by:
John Stormans,
Olympic Sotheby's Int'l Realty,
Kyle Kanda,
Olympic Sotheby's Int'l Realty
Source: NWMLS,MLS#: 2362985

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher(s), Microwave(s), Refrigerator(s), Trash Compactor
Features
- Flooring: Laminate, Vinyl Plank
- Windows: Double Pane/Storm Window
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 696
- Total interior livable area: 696 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Attached Garage
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Main
Lot
- Size: 0.34 Acres
- Features: Paved, Value In Land, Fenced-Fully
- Topography: Level
Details
- Additional structures: ADU Square Feet: 0
- Parcel number: 65600200701
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cement Planked, Wood Siding, Wood Products, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1952
- Major remodel year: 1987
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Lacey
- Water: Public, Company: City of Lacey
- Utilities for property: Xfinity
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $805/sqft
- Annual tax amount: $2,606
- Date on market: 4/22/2025
- Listing terms: Cash Out,Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Trash Compactor
- Cumulative days on market: 4 days
- Loading
- Loading