PROPERTIES FOR SALE

8623 Steilacoom Road SE Lacey, WA 98513

NWMLS Courtesy of eXp Realty
8623 Steilacoom Road SE
Lacey, WA 98513
$1,350,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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Investor / Developer Opportunity – Approved 7-Lot Short Plat in Growing Lacey Market! Rare development opportunity on 1.28 acres with an existing duplex and enhanced short plat approval in place. Approved civil plans are available through the city, allowing the next owner to move forward with water and sewer extensions, sidewalks, and street tree improvements. The approved project creates a total of 7 separate lots, including: Conversion of the existing duplex into 2 townhouse lots, 5 additional single-family residential lots, 7 total buildable lots Washington State's current housing regulations may allow up to 2 ADUs per lot (buyer to verify), creating the potential for 7 primary residences plus up to 14 ADUs for significant density and income potential. Conveniently located approximately 1.5 miles from I-5, with major retail amenities including Costco and Home Depot nearby. Situated in the rapidly growing city of Lacey, home to approximately 60,000 residents, this property offers an exceptional opportunity for builders, developers, and investors seeking a shovel-ready project in a high-demand market.

Property Features

Community: Lacey
Duplex
Fenced-Partially
Exterior: Wood Products
Roof: Composition
Year Built: 1979
2026 Taxes: $5642.00
Buyer Broker Comp.: Submit with offer%
Listing #: 2543213

Lot Details

Lot Size: 1.28 acres
Corner Lot
No. of Units: 2

Interior

Cooling: None
Heating: Forced Air
Electric

Common Features

Thermal Windows

Schools

District: North Thurston
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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