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 Provided Courtesy of John Stormans, Olympic Sotheby's Int'l Realty
General Information
NWM2373655
Land
1
DOM
7501.03 SqFt
0
Multi-F
Thurston
Land
Land
Listing Provided Courtesy of John Stormans, Olympic Sotheby's Int'l Realty
Krishna Realty data last checked: Jun 21, 2025 06:25 | Listing last modified May 09, 2025 20:24,
Source:
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Residence Information
0
40 - Res-Less thn 1 Ac
Features and Utilities
On Property
Available, In Street
Financial
1198
Cash Out, Conventional, FHA, VA Loan
05-08-2025
Comparable Information
1
1
Cash Out, Conventional, FHA, VA Loan
$175,000
$175,000
May 09, 2025 20:24
Schools
Map
Listing courtesy of Olympic Sotheby's Int'l Realty.
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.
