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$1,350,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Car Garage
  • Updated 2 days ago

Listed by Chris Gurnee | eXp Realty | (206) 829-9154 and Frank Lopez | eXp Realty | (206) 829-9154

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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.

Full Property Details for 8623 Steilacoom Rd SE

General

  • Price: $1,350,000
  • Taxes: $5,642 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2543213
  • Updated: 6/20/2026
  • Added to Site: 4 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Fenced-Partially
  • Security/Safety: Partially Fenced

Parking

  • Garage Spaces: 2
  • Carport Spaces: 2
  • Covered Spaces: 4
  • Uncovered Spaces: 6

Location

  • Area: 451 - Hawks Prairie
  • County: Thurston
  • Subdivision: Lacey
  • Building Name: Bunny Run Plat
  • Driving Directions: GPS Friendly.

School Information

  • High School District: North Thurston
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Available, Sewer Connected

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Year Built: 1979

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 1.28
  • Lot Size (Sq. Ft.): 55,757
  • Lot Size Source: Public Records
  • Lot Features: Corner Lot
  • Zoning: Multi-Family, Residential, See Remarks

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $5,642
  • Tax Year: 2026
  • Terms: Cash, Conventional, See Remarks

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 11813241002

Listed by Chris Gurnee | eXp Realty | (206) 829-9154 and Frank Lopez | eXp Realty | (206) 829-9154

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Schools serving 8623 Steilacoom Rd SE

School District:North Thurston Public Schools
NameGradesDistance
Seven Oaks Elementary School
1800 Seven Oaks Dr SE, Lacey, WA 98503
K-51.5 mi
Nisqually Middle School
8100 Steilacoom Road Southeast, Lacey, WA 98503
6-80.5 mi
River Ridge High School
350 River Ridge Drive Southeast, Lacey, WA 98513
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8623 Steilacoom Rd SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/19/2026
Listed
$1,350,000
520.69%
MLS
7/09/2004
Sold
$217,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8623 Steilacoom Rd SE

Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,642
11%
$544,200
11%
2025
$5,085
40%
$489,400
43%
2021
$3,632
3%
$342,700
-7%
2023
$3,521
-3%
$369,600
33%
2021
$3,632
-25%
$278,900
-29%
2020
$4,875
53%
$390,200
45%
2019
$3,187
-12%
$269,100
7%
2018
$3,632
1%
$251,600
-3%
2017
$3,582
24%
$258,900
24%
2016
$2,896
-6%
$208,250
-4%
2015
$3,067
4%
$216,100
1%
2014
$2,938
—
$213,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 8623 Steilacoom Rd SE

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Listed by Chris Gurnee | eXp Realty | (206) 829-9154 and Frank Lopez | eXp Realty | (206) 829-9154

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8623 Steilacoom Road SE, Lacey, WA 98513 (MLS# 2543213) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 8623 Steilacoom Road SE is currently listed for $1,350,000 and was received on June 19, 2026. Want to learn more about 8623 Steilacoom Road SE? Do you have questions about finding other Multi-Family real estate for sale in Lacey? You can browse all Lacey real estate or contact a Coldwell Banker agent to request more information.

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