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$397,500 -$27,450 (-6.46%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,396 Sq. Ft.
  • Updated 1 day ago

Listed by Sandi Hofmann | NextHome Northwest Group | (360) 456-4486

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Development opportunity in the heart of Rainier! This 2.91-acre property offers rare in-city acreage with excellent potential for future use or development. Depending on buyer plans and city approval, possibilities may include single-family, duplex, townhome, multifamily, group living, daycare, or other permitted uses. Existing cabin is of little value; the value is in the land. City water and power are already on the property. Enjoy a peaceful setting near schools, parks, and the Yelm-Tenino Trail. Seasonal purple camas flowers and yellow buttercups add beautiful natural color across the property. Conveniently located with access to Rainier amenities and a short drive to Olympia, Yelm, Tenino, and JBLM. Buyer to verify all development potential and permitted uses to their satisfaction.

Full Property Details for 503 Centre St N

General

  • Price: $397,500
  • Taxes: $1,507 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2532939
  • Updated: 7/20/2026
  • Added to Site: 51 day(s) ago

Interior

  • Interior Features: Bath Off Primary, Ceiling Fan(s), Fireplace, Pantry, Walk-In Closet(s), Water Heater
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher(s), Double Oven, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Flooring: Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Main Floor Baths: 2
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main: 3

Additional Information

  • Amenities: Cable TV, Fenced-Partially, High Speed Internet, Outbuildings, Patio, RV Parking
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 6
  • Parking Features: Driveway, Off Street, RV Parking

Location

  • Area: 453 - Yelm/Rainier
  • County: Thurston
  • Subdivision: Rainier
  • Driving Directions: From HWY 507, North on Centre St, property on right track, about 6 blocks.

School Information

  • High School District: Rainier
  • Elementary School: Rainier Primary Sch
  • Middle School: Rainier Mid
  • High School: Rainier Snr High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Stove/Free Standing
  • Water Heater: Electric

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood
  • Basement Desc.: Unfinished
  • Foundation: Block
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 1,396
  • Finished Total: 1,396 Sq. Ft.
  • Year Built: 1961
  • Property Condition: Fair

Lot Features

  • Property View: Mountains, Territorial
  • Lot Size (Acres): 2.91
  • Lot Size (Sq. Ft.): 126,760
  • Lot Size Source: Public Records
  • Topography: Level, Partial Slope
  • Lot Features: Adjacent to Public Land, Open Space, Paved, Secluded, Sidewalk, Value In Land
  • Trees/Vegetation: Brush, Fruit Trees, Garden Space, Pasture, Wooded

Financial Considerations

  • Tax Amount: $1,507
  • Tax Year: 2026
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Double Oven, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Property ID: 21609210300

Listed by Sandi Hofmann | NextHome Northwest Group | (360) 456-4486

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NMLS#: 1598647

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Schools serving 503 Centre St N

School District:Rainier School District
NameGradesDistance
Rainier Primary School
600 W 3rd, Rainier, WA 98576
PK-50.6 mi
Rainier Middle School, Rainier, WA
202 2nd Street, Rainier, WA 98576
6-80.4 mi
Rainier Senior High School
308 2nd Street, Rainier, WA 98576
9-120.4 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 503 Centre St N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/20/2026
Price Reduced
$397,500
-6.46%
MLS
6/30/2026
Price Reduced
$424,950
-5.46%
MLS
6/01/2026
Listed
$449,500
—
MLS
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 503 Centre St N

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,507
3%
$456,600
13%
2025
$1,461
4%
$403,000
23%
2021
$1,400
6%
$327,700
-8%
2023
$1,322
-6%
$356,500
61%
2021
$1,400
52%
$221,100
21%
2020
$921
-20%
$182,800
5%
2019
$1,156
-4%
$174,400
10%
2018
$1,204
-3%
$158,000
6%
2017
$1,244
33%
$148,700
-1%
2016
$937
-27%
$150,100
10%
2015
$1,282
-10%
$136,000
-5%
2014
$1,421
—
$143,850
—
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.

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Listed by Sandi Hofmann | NextHome Northwest Group | (360) 456-4486

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503 Centre Street N, Rainier, WA 98576 (MLS# 2532939) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 503 Centre Street N is currently listed for $397,500 and was received on June 01, 2026. Want to learn more about 503 Centre Street N? Do you have questions about finding other Single Family real estate for sale in Rainier? You can browse all Rainier real estate or contact a Coldwell Banker agent to request more information.

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