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4808 15th Avenue Se, 
Lacey, WA 98503

$390,000

1

Bed

1

Bath

696

Sq Ft

Single Family

Active

Listed by

John Stormans

, 

Kyle Kanda

Olympic Sotheby'S Int'L Realty

Last updated:

May 10, 2025, 12:52 PM

MLS#

2373621

Source:

NWMLS

About This Home

4808 15th Avenue Se

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.

Home Facts

Single Family

1 Bath

1 Bedroom

Built in 1952

Price Summary

390,000

$560 per Sq. Ft.

MLS #:

2373621

Last Updated:

May 10, 2025, 12:52 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

696 Sq. Ft.

Structure

Structure

Building Area:

696 Sq. Ft.

Year Built:

1952

Lot

Lot Size (Sq. Ft):

7,500

Finances & Disclosures

Finances

Price:

$390,000

Price per Sq. Ft:

$560 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 14, 2025. 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 © 2025 MLS GRID. All Rights Reserved.

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