Listed by John Stormans, Olympic Sotheby's Int'l Realty
- Land
- Type
- 15,000 sq ft
- Lot
- 135
- Days on market
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.
Location & commute
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Jeff's Neighborhood Guide
Get to know the Lacey area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2531449
- Listed
- May 29, 2026
- Days on market
- 135
Views
- View
- Territorial
Construction
- Style
- 40 - Res-Less thn 1 Ac
- Structure
- None
Lot
- Lot features
- Paved
- Lot size
- 15,000 sq ft
Terms
- Terms offered
- CashConventionalFHA
Utilities
- Utilities
- Electricity ConnectedNatural Gas Available
- Water
- On Property
- Sewer
- AvailableIn Street
Schools
- District
- North Thurston
What stands out to you?
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- Territorial
- None
- Paved
- Cash
- Conventional
- FHA
- Electricity Connected
- Natural Gas Available
- On Property
- Available
- In Street
Listing history
Listed
$505,000
May 29, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$2,941
- Principal & interest
- $2,554
- Property tax (est.)
- $387
Assumes $101,000 down (20%), a $404,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 3:30 AM PDT. 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.