About this home

DEVELOPER & INVESTOR OPPORTUNITY! Rare .36-acre parcel zoned MD – Moderate Density Residential, offering exciting potential for future development, investment, or owner-occupancy. This charming mid-century modern rambler offers 3 bedrooms and 1.75 bathrooms with classic character and functional living space. A unique attached addition behind the garage provides a fantastic multigenerational living opportunity with its own separate entrance, or potential for a separate rental/ADU-style living space—ideal for generating additional income or accommodating extended living. The spacious lot provides room to explore the possibilities that come with MD zoning, making this property an excellent opportunity for builders, developers, or investors looking for upside in Lacey. Live in the existing home while planning your next project, rent the property, or investigate future development options. Conveniently located near shopping, schools, parks, major roadways, and all that the Lacey/Olympia area has to offer. Properties combining a solid existing home, .36 acres, and development potential are hard to find—bring your vision and unlock the possibilities!

Interior features

Exterior features

Appliances

Property details

Heating

Heat Pump

Cooling

Heat Pump

Flooring

Hardwood, Vinyl, Carpet

Parking

Driveway, Attached Garage

View

Territorial

Lot

Value In Land

Water source

Public

Sewer

Sewer Connected

Style

Mid-Century Modern

Levels

One

Costs

Price / sq ft

$281

Annual taxes

$4,942 (2026)

Location

Lacey, WA 98503