$2,350,000
Est. $12,081/mo16643 Canal Road Se, Yelm, WA 98597
• Listed 2026-07-06•25 days on market
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Based on information submitted to the MLS GRID as of July 6, 2026 at 11:09am (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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Exceptional residential development opportunity within the City of Yelm. This ±8.74-acre property is zoned R-6 Medium Density Residential and offers excellent potential for a thoughtfully designed single-family subdivision. A professional conceptual site plan prepared by Patrick Harron & Associates demonstrates the feasibility of approximately 49 residential lots, providing developers with a potential layout. City allows for 20% density bonus under certain conditions. The property is currently vacant, undeveloped, and relatively flat, allowing for minimal land prep required. Conveniently located near existing residential growth, schools, parks/trails, shopping, and major commuter routes, the site is well positioned to meet continued housing demand in one of Thurston County's fastest-growing communities. Water and sewer infrastructure are available at the street (buyer to verify capacity and connection requirements). Annexation and zoning work have already been completed, allowing developers to focus on advancing project approvals. Conceptual site plan, supporting development information, and additional due diligence materials are available. Buyer to verify all development potential, density, utility capacity, permitting requirements, and intended use to their satisfaction.
Listed by Jake DeAtley • John L. Scott Lacey
Listing updated: July 6, 2026 at 11:09am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2549015
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16643 Canal Road Se, Yelm, WA 98597
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Yelm is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 15 days.
$541,708 Sold
1 week ago
4 bd•2.25 ba•~2,090 sq ft•Single Family
9804 Ferns Loop Se, Yelm, WA 98597
5%
Over list
—
Days on market
0.4 mi
Distance
$483,000 Sold
1 week ago
3 bd•2.25 ba•~1,797 sq ft•Single Family
16559 Ireland Avenue Se, Yelm, WA 98597
2%
Over list
—
Days on market
0.4 mi
Distance
$575,897 Sold
3 weeks ago
4 bd•2.5 ba•~2,448 sq ft•Single Family
15671 Ireland Avenue Se, Yelm, WA 98597
5%
Over list
—
Days on market
0.4 mi
Distance
$559,867 Sold
3 weeks ago
4 bd•2.25 ba•~2,155 sq ft•Single Family
16565 Ireland Avenue Se, Yelm, WA 98597
6%
Over list
—
Days on market
0.4 mi
Distance
$548,490 Sold
4 weeks ago
4 bd•2.75 ba•~2,155 sq ft•Single Family
16583 Ireland Avenue Se, Yelm, WA 98597
0%
Under list
—
Days on market
0.4 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
Yelm School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
