4808 4812 15th Avenue SE, Lacey, WA 98503

$505,000

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Listing courtesy of Olympic Sotheby's Int'l Realty.

List Price
$505,000
Status
ACTIVE
MLS#
2531449
Days on Market
58
Lot Size (sq ft)
15,000

Property 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.

Additional Information

Community
Lacey
Style
40 - Res-Less thn 1 Ac
Zoning Jurisdiction
City
View
Territorial
Sewer
Available, In Street
Tax Year
2026
School District
North Thurston
Potential Terms
Cash, Conventional, FHA, VA Loan
Driving Directions
Going south on college turn left on Lacey Blvd, right on Ruddell Rd, right on 15th to home on right.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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