4808 4812 15th Avenue SE · Lacey, WA 98503
Source: NWMLS · Olympic Sotheby's Int'l Realty · John Stormans #NWM2531449
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.
Location
Basics
- Property type
- Land
- Style
- Res-Less thn 1 Ac
- Lot size
- 15,000 sq ft (0.34 acres)
- County
- Thurston
- MLS #
- NWM2531449
Interior
- Heating
- None
- Cooling
- None
Exterior & lot
- Lot features
- Paved
- Topography
- Level
- View
- Territorial
- Waterfront
- No
Utilities
- Water
- On Property
- Sewer
- Available, In Street
- Utilities
- Electricity Connected, Natural Gas Available
Community & fees
- Subdivision
- Lacey
- Property tax
- $4,892 (2026)
Transaction
- Listed on
- May 29, 2026
- Days on market
- 118
- Listing terms
- Cash, Conventional, FHA
- Possession
- Closing
More homes nearby
Schools
School district: North Thurston
- High
- North Thurston High SchoolSchoolDigger 3 stars · Top 30% in WA
Listing provided courtesy of: Olympic Sotheby's Int'l Realty
Listing agent: John Stormans.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-21.