4808-4812 15th Avenue Southeast Lacey, WA 98503

Listing agency Olympic Sotheby's Int'l Realty j***@olympicsir.com Show Phone

Listed by John Stormans · License #130340 Show Phone

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Added: Apr 23 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 6:08AM

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Investment Insights

Based on property information with market context.

This one-of-a-kind development property includes a fully updated single-family rental with water, sewer, and power stubbed to the back of the lot for a second building site. In addition, there is a 7,500+/- square foot vacant lot that is stubbed with water, sewer, and power, described as build ready and approved for a 2,500+/- square foot duplex. The overall configuration supports three units total, with 1 updated unit already rented and 2 additional building sites that only need building plan approvals.

Located in the heart of Lacey, the property is positioned close to amenities and provides convenient north/south travel access via I-5.

For developers and investors, the appeal is the combination of an already-updated rental component and additional, utilities-prepped building opportunities on the same property. With part of the development already approved for the duplex and the remaining building sites requiring plan approvals, the site is structured for a staged path from approvals to construction while maintaining an existing rented unit.

Key Highlights

• Fully updated single‑family rental unit with 1 unit already rented
• Utilities stubbed to the back of the lot for a second building site: water, sewer, and power
• Vacant lot is 7,500+/- SF, with water, sewer, and power stubbed for future development

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FAQs

What type of property is this?

Triplex - Updated rental unit plus build-ready lot with water, sewer, power stubbed for additional duplex units.

Where is this triplex located?

The property is located at 4808-4812 15th Avenue Southeast Lacey, WA.

What is the asking price?

The asking price for this property is $505,000.

What are key features of this property?

This property features: Fully updated single‑family rental unit with 1 unit already rented; Utilities stubbed to the back of the lot for a second building site: water, sewer, and power; Vacant lot is 7,500+/- SF, with water, sewer, and power stubbed for future development