Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2543215
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Request Info8623 Steilacoom Road SELacey, WA 98513
Vacant Land · 1.28 Acres$1,350,000
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8623 Steilacoom Road SE Overview
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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.
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8623 Steilacoom Road SE Facts & Features
- Type Vacant Land
- Lot 1.28 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: North Thurston
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
Building Information
- Building Name: Bla 1753
Location/Region
- Country: US
- County Or Parish: Thurston
- MLS Area Major: 451 - Hawks Prairie
- Subdivision Name: Lacey
Tax Information
- Tax Annual Amount: $5,642.40
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 11813241002
- Possible Use: Multi-Family,Residential,See Remarks
- Property Sub Type: Land
- Property Type: Land
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage: Yes
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Heating: No
- Living Area: 0
- Main Level Bathrooms: 0
Exterior
Parking Information
- Parking Features: Garage
Lot Information
- Irrigation Water Rights: No
- Lot Features: Corner Lot
- Lot Size Acres: 1.28
- Lot Size Square Feet: 55757
- Lot Size Units: Square Feet
- Road Responsibility: Private Maintained Road
- Topography: Level
- Elevation Units: Feet
- Water Source: In Street, See Remarks, Shared Well
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Structure Type: None
General Information
- Carport: No
- Electric On Property: Yes
- Sewer: On Property
- Utilities: Electricity Connected, Natural Gas Available
8623 Steilacoom Road SE Neighborhood
Community
98513 (Olympia) Demographics
37
Median Age
604
Population Density (per sq. mile)
45%
College Educated
$87,145
Estimated Median Income
9,899
Estimated Total Home Owners
3,562
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8623 Steilacoom Road SE Monthly Cost
8623 Steilacoom Road SE Market Data
Based on the last 30 days in this zip code
$571,135
Average List Price
$310
Average Price per Square Foot
42
Properties Sold
79
Average Days on Market
241
Properties for Sale
8623 Steilacoom Road SE History
| Date | Value | Agent |
|---|---|---|
| 6/19/2026Source: NWMLS | June 19, 2026 |