4808 15th Avenue SE
Lacey, WA 98503
- 1 bed
- 1 bath
- 696 sqft
- 15,000 sqft lot
- $804 per sqft
- 1987 build
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 24, 2025
•
MLS# 2362985 —
This home is listed in more than one place. See it here.
The Building
-
Year Built:1952
-
Year Built:1987
-
Year Built Source:Public Records
-
New Construction:false
-
Building Information:Built On Lot
-
Structure Type:House
-
Roof:Composition
-
Entry Location:Main
-
Foundation Details:Poured Concrete
-
Basement:None
-
Exterior Features:Cement Planked, Wood, Wood Products
-
Levels:One
-
Building Area Total:696
-
Building Area Units:Square Feet
-
Calculated SqFt:696
-
SqFt Source:Realist
-
Construction Materials:Cement Plank, Wood
Interior
-
Interior Features:Double Pane/Storm Window, Laminate
-
Living Area:696
-
Flooring:Laminate, Vinyl Plank
-
Fireplace:false
-
Finished SqFt:696
Financial & Terms
-
Possession:Closing
Location
-
Latitude:47.033058
-
Longitude:-122.819167
-
Directions:Going south on college turn left on Lacey Blvd, right on Ruddell Rd, right on 15th to home on right.
The Property
-
Property Type:Residential
-
Property Subtype:Residential
-
Parcel Number:65600200701
-
Lot Features:Paved, Value In Land
-
Lot Size Units:Square Feet
-
Lot Size Acres:0.3444
-
Lot Size SqFt:15000
-
Lot Size Source:Realist
-
Land Lease:false
-
View:false
-
Waterfront:false
-
Topography:Level
-
Additional Parcels Description:65600200702
-
Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (360) 528-4160
- Office phone:
- (360) 528-4160
Taxes
-
Tax Year:2024
-
Tax Annual Amount:2606
Beds
-
Bedrooms Total:1
-
Bedrooms Possible:1
-
Main Level Bedrooms:1
Baths
-
Total Baths:1
-
Baths:1
-
Full Baths:1
-
Main Full Baths:1
-
Main Level Bathrooms:1
The Listing
-
Special Listing Conditions:None
Heating & Cooling
-
Cooling:false
-
Heating:true
-
Cooling:None
-
Heating:Forced Air
Utilities
-
Water Company:City Of Lacey
-
Water Source:Public
-
Sewer:Sewer Connected
-
Sewer Company:City Of Lacey
-
Power Company:Pse
Appliances
-
Appliances:Dishwasher(s), Microwave(s), Refrigerator(s), Trash Compactor
-
Appliances Included:Dishwasher(s),Microwave(s),Refrigerator(s),Trash Compactor
Schools
-
High School District:North Thurston
The Community
-
Subdivision Name:Lacey
-
Senior Community:false
-
Association:false
Parking
-
Parking Total:1
-
Parking Features:Driveway, Attached Garage
-
Open Parking:false
-
Garage:true
-
Garage Spaces:1
-
Attached Garage:true
-
Carport:false
-
Covered Spaces:1
Listing courtesy of NWMLS / Olympic Sotheby's Int'l Realty
Monthly cost estimate
Asking price
$560,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,998
|
| Taxes | $217 |
| Insurance | $154 |
| Utilities | $100 See report |
| Total | $3,469/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/23/25
Apr 23, 2025
|
Listed / Active | NWMLS | $560,000 |
