$505,000
Est. $2,575/mo4808 4812 15th Avenue Se, Lacey, WA 98503
• Listed 2026-05-29•60 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 03:13pm (date and time MLS GRID Data was obtained). 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.
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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.
Listed by John Stormans • Olympic Sotheby's Int'l Realty
Listing updated: May 29, 2026 at 03:13pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2531449
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Open Sat, Aug 1RexMont Value Snapshot
We found recent nearby sales, but not enough that are similar enough to publish an automated value signal for this home.
Ask RexMont to verify value4808 4812 15th Avenue Se, Lacey, WA 98503
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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Lacey is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 9 days.
$570,000 Sold
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Days on market
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Distance
$495,000 Sold
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Days on market
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Distance
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
