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.
Active
Listed by: John L. Scott Lacey • Jake DeAtley
$2,350,000
16643 Canal Road SE, Yelm, WA 98597
--beds
--baths
8.74Acres
Unimproved Land
Built in ----
8.74 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Relatively flat
- 65 days
- 50
- 2
Zillow last checked:
Listing updated:
Listed by:
Jake DeAtley,
John L. Scott Lacey
Source: NWMLS as distributed by MLS GRID,MLS#: 2549015
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 8.74 Acres
- Features: Corner Lot, Open Lot, Paved, Brush
- Topography: Level,See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 64300700100
- Zoning: R-6
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: In Street
- Water: In Street, Jurisdiction: City of Yelm
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: Yelm
Location
- Region: Yelm
Financial & listing details
- Annual tax amount: $2,703
- Date on market: 7/5/2026
- Cumulative days on market: 67 days
- Listing terms: See Remarks
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | $2,350,000 |
Source: | ||
Public tax history
Tax history is unavailable.







