8623 Steilacoom Road SE, Lacey, WA 98513 (MLS # 2543213)

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Listing provided courtesy of Northwest MLS; eXp Realty

PRICE $1,350,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 1.28 ac
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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.

LAST UPDATED 6/19/2026 TRACT Lacey
YEAR BUILT 1979 COMMUNITY Lacey
GARAGE SPACES 2.0 COUNTY Thurston
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AIR None
AREA 451 - Hawks Prairie
CONSTRUCTION Wood Siding
GARAGE Yes
HEAT Electric, Forced Air
LOT 1.28 acre(s)
LOT DESCRIPTION Corner Lot
MLS STATUS Active
STORIES 1
STYLE 52 - Duplex
SUBDIVISION Lacey
TAXES 5642
UTILITIES Sewer Connected, Sewer Available
ZONING Multi-Family,Residential,See Remarks
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/21/26 6:09 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. 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.

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