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  • 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
    : 
    Single Family Residence
    Built in 1952
    0.34 Acres Lot
    $-- Zestimate®
    $805/sqft
    $-- HOA

    What's special

    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.
    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#: 2362985MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 4808 15th Avenue SE.

    Next available tour time:Today at 11:30am

    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
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