$625,000
Est. $3,137/mo3 bd•2 ba•2,055 sq ft
7825 Mullen Road Se, Lacey, WA 98503
• Listed 2026-06-16•5 days on market
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Based on information submitted to the MLS GRID as of July 3, 2026 at 12:27pm (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Investor Alert! Exceptional opportunity with endless potential on nearly 4.5 acres. This versatile property offers multiple possibilities, from restoring the existing homes for owner occupancy and rental income to exploring future development opportunities, including potential subdivision or higher-density use (buyer to verify). The 2,055 sq. ft. rambler is ready for your vision and renovation expertise to bring it back to its original charm. The property also includes a detached 2-car garage, a 2-bedroom/2-bath manufactured home that can provide additional rental income, and two enormous shops ideal for storage, hobbies, business use, or further income potential. Mature landscaping, private well, and septic system are already in place. Conveniently located just minutes from Timberline High School, I-5 access, shopping, and amenities. Opportunities like this are rare—the potential here is substantial. Property sold AS IS. Buyer to verify all information and development potential to their satisfaction.
Listed by Cynthia Schmier • RE/MAX Country
Listing updated: July 3, 2026 at 12:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2539867
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (3)
See more →
Open Sat, Jul 11$660,000
+$35,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $435K and $650K.
Rental earnings
$1,975/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$640,000Last sold price
8226 Mullen Road Se, Lacey, WA 98503
$640,000Last sold price
8226 Mullen Road Se, Lacey, WA 98503
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
7825 Mullen Road 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.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,650 per month
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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 12 days.
$510,000 Sold
6 weeks ago
3 bd•2.5 ba•~1,750 sq ft•Single Family
4201 Arbor Court Se, Lacey, WA 98503
3%
Under list
—
Days on market
0.6 mi
Distance
$399,000 Sold
5 months ago
4 bd•1 ba•~2,076 sq ft•Single Family
7106 38th Drive Se, Lacey, WA 98503
0%
Over list
—
Days on market
1.0 mi
Distance
$457,000 Sold
6 months ago
3 bd•1 ba•~1,498 sq ft•Single Family
7604 41st Avenue Se, Lacey, WA 98503
3%
Under list
—
Days on market
0.6 mi
Distance
$474,000 Sold
6 months ago
3 bd•2.5 ba•~1,749 sq ft•Single Family
7024 46th Lane Se, Olympia, WA 98503
0%
Over list
—
Days on market
0.7 mi
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
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
