4808 15th Avenue Se, Lacey, WA 98503

Local realty services provided by:Knipe Realty ERA Powered
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Listed by:john stormans
Office:olympic sotheby's int'l realty
MLS#:2362985
Source:NWMLS
4808 15th Avenue Se,Lacey, WA 98503
$560,000
  • 1 Beds
  • 1 Baths
  • 696 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$560,000
  • Price per sq. ft.:$804.6

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

  • Year built:1952
  • Listing Id #:2362985
  • Updated:August 08, 2025 at 12:17 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:696 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1952
  • Building area:696 sq. ft.
  • Lot area:0.34 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$560,000
  • Price per sq. ft.:$804.6
  • Tax amount:$2,606 (2024)
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