503 Centre Street N, Rainier, WA 98576

Rainier
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: sandi hofmann
Office: nexthome northwest group
MLS#:2532939
Source:NWMLS
503 Centre Street N,Rainier, WA 98576
$374,500
  • 3 Beds
  • 2 Baths
  • 1,396 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$374,500
  • Price per sq. ft.:$268.27

About this home

Development opportunity in the heart of Rainier! This 2.91-acre property offers rare in-city acreage with excellent potential for future use or development. Depending on buyer plans and city approval, possibilities may include single-family, duplex, townhome, multifamily, group living, daycare, or other permitted uses. Existing cabin is of little value; the value is in the land. City water and power are already on the property. Enjoy a peaceful setting near schools, parks, and the Yelm-Tenino Trail. Seasonal purple camas flowers and yellow buttercups add beautiful natural color across the property. Conveniently located with access to Rainier amenities and a short drive to Olympia, Yelm, Tenino, and JBLM. Buyer to verify all development potential and permitted uses to their satisfaction.

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Home facts

  • Year built:1961
  • Subdivision & Development:Rainier
  • Listing ID #:2532939
  • Updated:September 25, 2026 at 12:34 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Flooring:Carpet, Vinyl Floor
  • Kitchen Description:Dishwasher, Double Oven, Microwave, Refrigerator
  • Bedroom Description:Main Level Bedrooms : 3
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,396 sq. ft.

Heating and cooling

  • Heating:Forced Air, Free Standing Stove Heat

Structure and exterior

  • Roof:Composition
  • Year built:1961
  • Building area:1,396 sq. ft.
  • Lot area:2.91 Acres
  • Lot Features:Adjacent to Public Land, Open Space, Paved, Secluded, Sidewalk, Value In Land
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Fenced-Partially, Patio
  • Foundation Description:Unfinished
  • Levels:1 Story

Schools

  • High school:Rainier Snr High
  • Middle school:Rainier Mid
  • Elementary school:Rainier Primary Sch

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$374,500
  • Price per sq. ft.:$268.27
  • Tax amount:$1,507 (2026)

Features and amenities

  • Appliances:Dishwasher, Refrigerator
  • Amenities:Cable TV, Ceiling Fan(s), High Speed Internet, Pantry, Walk-In Closet(s), Water Heater

Parking

  • Total parking spaces:6
  • Parking description:Driveway, Off Street Parking, RV Parking
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 25, 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.

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