8623 Steilacoom Rd SE

2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Chris Gurnee • eXp Realty
    P: (206)-829-9154 chris@chrisgurneeteam.com
  2. Listed by Frank Lopez • eXp Realty
    P: (206)-829-9154 francisco.lopez@exprealty.com

Property Details for 8623 Steilacoom Road Southeast

Community Name
Lacey
School District
North Thurston
Number of Assigned Spaces
10
Total Covered Parking
4
Entry Date
06-19-2026
Energy Source
Electric
Sewer
Available, Sewer Connected
LISTING UPDATED: 06/19/2026 08:43 PM

Property Details for 8623 Steilacoom Road Southeast

StatusActive
MLS #2543213
Days on Market1
Cumulative Days on Market43
Taxes$5,642 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size1.28 AC / 55,757 SF
CountyThurston County

Location

Listing Courtesy of eXp Realty
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Building Information for 8623 Steilacoom Road Southeast

Stories1Residences2Year Built1979Building Size-Lot Size1.28 AC / 55,757 SF

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Principal and Interest

$6,727

Property Taxes

$470

HOA Dues

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Property Information for 8623 Steilacoom Road Southeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Partially
  • Area: 451 - Hawks Prairie
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: GPS Friendly.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 2.0
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Amenities: Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: City of Lacey
  • Water Company: Shared Well
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family,Residential,See Remarks
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential, See Remarks
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 12
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 11813241002
  • Calculated Square Footage: 0
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Total Uncovered Parking: 6
  • Number of Stories in Building: 1
  • Vacancy Rate: 50
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 10342
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Insurance Expense: $4,700
  • Net Operating Income: $0
  • Other Expenses: $0
  • Total Monthly Income: 0
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 980
  • Rent Unit 1: $1,008.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: false
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 980
  • Rent Unit 2: $1,040.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Owner
  • Leasable Area: 1960.0

Property History for 8623 Steilacoom Road Southeast

DateEvent & SourcePriceAppreciation
Jun 19, 2026

Listed (Active)

NWMLS #2543215

$1,350,000
Jun 19, 2026

Listed (Active)

NWMLS #2543213

$1,350,000
Jul 9, 2004

Sold (Public Record)

Public Record #288714029

$217,500
DateEvent & SourcePrice
06/19/2026

Listed (Active)

NWMLS #2543215

$1,350,000
06/19/2026

Listed (Active)

NWMLS #2543213

$1,350,000
07/09/2004

Sold (Public Record)

Public Record #288714029

$217,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8623 Steilacoom Road Southeast

Taxable ValueLand$255,000Additions$289,200Total$544,200
Tax Record2026$11 ($1 / month)
Home Facts
Baths2Total Finished SqFt1,960 SqFtAbove Ground SqFt1,960 SqFtStories1Lot Size55,757 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979Year Renovated1991CountyTHURSTONAPN1181-32-41002Fireplace TypeHas Fireplace

Schools near 8623 Steilacoom Road Southeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Seven Oaks Elementary School
PublicPK to 5

Nisqually Middle School
Public6 to 8

River Ridge High School
Public9 to 12

Salish Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

8623 Steilacoom Road Southeast is a multi-family home for sale in Lacey, WA 98513. This property was listed for sale on June 19, 2026 by eXp Realty, it's currently listed at $1,350,000. It has been on the market for a total of 1 days and was last sold on July 9, 2004. This listing's school district is North Thurston Public Schools. Nearby schools include Seven Oaks Elementary School, Nisqually Middle School and River Ridge High School. 8623 Steilacoom Road Southeast is a 4-bed, 2-bath, multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Based on information submitted to the MLS GRID as of 06/19/2026 08:43 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.