4808 15th Avenue Se, Lacey, WA 98503

Lacey
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
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:September 14, 2026 at 11:13 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)
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