8623 Steilacoom Road SE, Lacey, WA 98513 (MLS # 2543215)

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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 lotsWashington 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 0 COMMUNITY Lacey
COUNTY Thurston STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage

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


ADDITIONAL DETAILS
AREA 451 - Hawks Prairie
GARAGE Yes
HEAT None
LOT 1.28 acre(s)
LOT DESCRIPTION Corner Lot
MLS STATUS Active
PARKING Garage
STYLE 41 - Res-Over 1 Acre
SUBDIVISION Lacey
TAXES 5642.4
UTILITIES Electricity Connected, Natural Gas Available
WATER See Remarks, Shared Well
ZONING Multi-Family,Residential,See Remarks
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TOTAL MONTHLY PAYMENT

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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 4:51 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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