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

Estimated payment $3,316/month

Total Views 16,755
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
  • Cumulative Days on Market: 98

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)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2362985

Northwest Multiple Listing Service (NWMLS)

APN: 65600200702