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Listing Firm: Olympic Sotheby's Int'l Realty: John Stormans

Active
NWMLS # 2373621

$390,000

  • 1 Beds
  • 1 Baths
  • 696 Sq.ft.

4808 15th Avenue SE, Lacey, WA 98503

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Aris360 Last Checked: Just Now (May 21, 2025 09:54 AM)

  • Source: NWMLS as Distributed by MLS Grid #2373621

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 15th
  • Zip/Postal Code: 98503
  • City: Lacey

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$3,847 per month
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Property Features

  • County
    • Lacey
  • Community
    • 450 - Lacey
  • MLS Area
    • 450 - Lacey
  • Longitude
    • -122.819167
  • Latitude
    • 47.033058
  • Directions
    • Going south on college turn left on Lacey Blvd, right on Ruddell Rd, right on 15th to home on right.

  • Interior
    • Double Pane/Storm Window
    • Laminate
  • Floors
    • Laminate
    • Vinyl Plank
  • Power Production Type
    • Electric
  • Full Baths
    • 1
  • Basement Description
    • None,
  • Entry
    • Main
  • Appliances
    • Dishwasher(s)
    • Microwave(s)
    • Refrigerator(s)
    • Trash Compactor

  • Style
    • 10 - 1 Story
  • Garage Spaces
    • 1
  • Parking Spaces
    • 1
  • Lot Description
    • Paved,
    • Value In Land,
  • Foundation
    • Poured Concrete,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement Planked
    • Wood
    • Wood Products
  • Site Description
    • Fenced-Fully
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 1
  • Water
    • City of Lacey
  • Buildings
    • Built On Lot
  • Building Total Area (Sq. Ft.)
    • 7500
  • Parking Description
    • Driveway,
    • Attached Garage,
  • Has Garage
    • Yes

  • Inclusions
    • Dishwasher(s),Microwave(s),Refrigerator(s),Trash Compactor

  • High School District
    • North Thurston

  • Possession
    • Closing,
  • Property Type
    • Residential
  • Property SubType
    • Single Family Residence
  • Tax Year
    • 2024
  • Structure Type
    • Single Family,
  • Tax Amount
    • $2606
  • Year Built
    • 1952
  • Effective Year Built
    • 1987
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Wed May 21 2025 . 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.

May 21, 2025 09:54 AM