Listed by Olympic Sotheby's Int'l Realty
$560,000

4808 15th Ave SE Lacey, WA 98503

Central Lacey Neighborhood

Estimated payment $3,201/month

Total Views 18,987
1 Bed
1 Bath
696 Sq Ft
$805 Price per Sq Ft

Highlights

  • No HOA
  • Storm Windows
  • 1-Story Property
  • 1 Car Attached Garage
  • Bathroom on Main Level
  • Vinyl Plank Flooring

About This Home

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.

Listing Agent

John Stormans

Olympic Sotheby's Int'l Realty License #130340 Listed on: 04/23/2025

Olympic Sotheby's Int'l Realty

Co-Listing Agent

Kyle Kanda

Olympic Sotheby's Int'l Realty License #21001593

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2362985

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,606

Year Built

  • Built in 1952

Lot Details

  • 0.34 Acre Lot
  • Property is Fully Fenced
  • Level Lot
  • 65600200702
  • Value in Land

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 696 Sq Ft Home
  • 1-Story Property
  • Storm Windows

Kitchen

  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Lacey Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,606

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1952
  • Inclusions: Dishwasher(s),Microwave(s),Refrigerator(s),Trash Compactor
  • MLS Status: Active
  • Prev Status: Active
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 696
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DetachedDwellingSqFtFinished: 0
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2362985?w=Consumer&agent=114694
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Dishwasher(s), Microwave(s), Refrigerator(s), Trash Compactor
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank
  • Interior Amenities: Double Pane/Storm Window, Laminate
  • Living Area: 696
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 696
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Microwave(s),Refrigerator(s),Trash Compactor

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Value In Land
  • View: No
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Lacey
  • WaterCompany: City of Lacey
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston

Lot Info

  • Parcel Number: 65600200701
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.3444
  • Lot Size Sq Ft: 15000
  • Additional Parcels Description: 65600200702
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2606

Multi Family

  • EnergySource: Electric

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,198 $135,400 $135,400 --
2023 $1,198 $124,600 $124,600 $0
2022 -- $78,900 $78,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 For Sale $390,000 +122.9% $560 / Sq Ft
05/08/2025 05/08/25 For Sale $175,000 -68.8% --
04/23/2025 04/23/25 For Sale $560,000 -- $805 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2362985

Northwest Multiple Listing Service (NWMLS)

APN: 65600200702

Washington Thurston County Lacey 98503 Central Lacey

4808 15th Ave SE, Lacey, WA

This home is located at 4808 15th Ave SE, Lacey, WA 98503 and is currently priced at $560,000, approximately $804 per square foot. This property was built in 1952. 4808 15th Ave SE is a home located in Thurston County with nearby schools including Mountain View Elementary School, Chinook Middle School, and North Thurston High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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 is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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John Stormans
Listing Agent
John Stormans
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Olympic Sotheby's Int'l Realty
(360) 968-7756