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4808 15th Avenue Se, Lacey, WA 98503

Lacey
Local realty services provided by:CENTURY 21 North Homes Realty
Listed by: john stormans, kyle kanda
Office: olympic sotheby's int'l realty
MLS#:2531449
Source:NWMLS
4808 15th Avenue Se,Lacey, WA 98503
$505,000
  • 0.34 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$505,000

About this home

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.

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Home facts

  • Subdivision & Development:Lacey
  • Listing ID #:2531449
  • Updated:October 23, 2026 at 12:27 AM

Structure and exterior

  • Lot area:0.34 Acres
  • Lot Features:Paved

Utilities

  • Water:On Property
  • Sewer:Available, In Street

Finances and disclosures

  • Price:$505,000
  • Tax amount:$4,892 (2026)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 23, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Michael Killmer

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