$505,000

4808 & 4812 15th Ave Se

  • 1 Beds
  • 1 Baths
  • 696 Sqft
  • 14,985 Sqft lot
  • 2
  • MLS#2531449

About the Property

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 rent

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.

  • Property type

    House

  • Price/sqft

    $725

Features

  • Garage
  • Garden
  • Duplex
  • Investment Property
  • Basement
  • Washer Dryer
  • Air Conditioning

Explore the Area

4808 & 4812 15th Ave SE, Lacey, WA 98503, Olympia, Washington, United States View on Google Maps
Price per sqft
Low
High

View 132 more listings in Olympia

John Stormans

Joined 3 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

John Stormans
Washington, United States
View agency profile
6
Listings
2023
Joined

Book home tour with John Stormans

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Olympic Sotheby's International Realty
Olympic Sotheby's International Realty
1722 Harrison Ave NW, 98502, Olympia, Washington, United States
View agency profile
Last updated
May 30
First listed
Apr 23, 2025
Listing reference
FSLYLL
Call

Start phone call with:

Hello, I’m calling for the property with the reference FSLYLL, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with