$374,500
Reduced $75,000 — was $449,500
503 Centre Street
Rainier, WA 98576
Beds
3
Baths
2
Sq Ft
1,396
Lot
2.91 ac
Year built
1961
Type
Residential
Days listed
—
MLS #
2532939
About this home
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.
Interior features
Exterior features
Appliances
Schools
Elementary
Rainier Primary Sch
Middle
Rainier Mid
High
Rainier Snr High
Property details
- Heating
- Forced Air, Stove/Free Standing
- Cooling
- None
- Flooring
- Vinyl, Carpet
- Parking
- Driveway, Off Street, RV Parking
- View
- Mountains, Territorial
- Lot
- Adjacent to Public Land, Open Space, Paved, Secluded, Sidewalk, Value In Land
- Water source
- Public
- Sewer
- Septic Tank
- Levels
- One
- Fireplaces
- 1
Costs
- Price / sq ft
- $268
- Annual taxes
- $1,507 (2026)
Estimate your monthly payment
$2,019/mo
- Principal & interest
- $1,894
- Property taxes
- $126
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Rainier, WA 98576
Approximate location. Contact us to confirm the exact address.
Listing courtesy of NextHome Northwest Group— Sandi Hofmann.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.