All homes

$2,350,000

16643 Canal Road

Yelm, WA 98597

Active

Beds

Baths

Sq Ft

Lot

8.74 ac

Year built

Type

Land

Days listed

58

MLS #

2549015

About this home

Exceptional residential development opportunity within the City of Yelm. This ±8.74-acre property is zoned R-6 Medium Density Residential and offers excellent potential for a thoughtfully designed single-family subdivision. A professional conceptual site plan prepared by Patrick Harron & Associates demonstrates the feasibility of approximately 49 residential lots, providing developers with a potential layout. City allows for 20% density bonus under certain conditions. The property is currently vacant, undeveloped, and relatively flat, allowing for minimal land prep required. Conveniently located near existing residential growth, schools, parks/trails, shopping, and major commuter routes, the site is well positioned to meet continued housing demand in one of Thurston County's fastest-growing communities. Water and sewer infrastructure are available at the street (buyer to verify capacity and connection requirements). Annexation and zoning work have already been completed, allowing developers to focus on advancing project approvals. Conceptual site plan, supporting development information, and additional due diligence materials are available. Buyer to verify all development potential, density, utility capacity, permitting requirements, and intended use to their satisfaction.

Schools

Elementary

Buyer To Verify

Middle

Buyer To Verify

High

Buyer To Verify

Property details

Lot
Corner Lot, Open Space, Paved
Water source
In Street
Sewer
In Street
Utilities
Electricity Available

Costs

Annual taxes
$2,703 (2026)

Estimate your monthly payment

$12,108/mo

Principal & interest
$11,883
Property taxes
$225
Loan amount $1,880,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Yelm, WA 98597

Approximate location. Contact us to confirm the exact address.

Listing courtesy of John L. Scott Lacey— Jake DeAtley.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.

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