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  • $1,350,000

    8623 Steilacoom Rd SE, Olympia, WA 98513

    6beds
    2,048sqft
    : 
    $8,264/mo
    Get pre-qualified
    Multi Family
    Built in 1979
    -- sqft lot
    $-- Zestimate®
    $659/sqft
    $-- HOA

    What's special

    Large lot
    Existing Duplex on 1.28 acres Approved plans to pick up at city of Lacey to start sewer and water extension sidewalk street trees for 1 lot to become Seven Lots. Existing Duplex will become 2 town homes separate lots plus 5 new single home lots. 7 lots total. Design for power with PSE . Option 2 just enjoy The large lot and remodel existing duplex adding additional bedrooms and a second story. Home was originally on septic and was limited to 2 bedrooms per unit. Duplex is on city sewer and Private well serving duplex. Lots of room for RV parking and flat areas to build covered RV or hobby storage. Can also build a single 1000 SF ADU if subdivided may build up to 2 ADU per lot plus primary home NEW ADU rules for Lacey adopted 6/28/26 Option 3 Possible daycare or group home need to check with city on daycare option. Option 4 do subdivision and City finalizes sub lot rules create additional lots. Each unit 2 bedroom One bath each unit. Converted to Natural gas for Furnace and added A/C unit. hook up for gas BBQ and Dryer. stub for hot water next to furnace. Garage conversion would add 3rd bedroom and Bath. Primary bedroom can convert walk in closet to bathroom. Unit A 1008 SF. B 1040 SF. lots of possibilities. Would also consider Partial sale to do development of new lots.
    19 hours
    47
    0

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jared English 888-881-4118,

    Congress Realty, Inc

    Source: RMLS (OR),MLS#: 785631306MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Forced Air 90
      Interior area
      • Total structure area: 2,048
      • Total interior livable area: 2,048 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Carport, Garage
      • Garage spaces: 2
      • Has carport: Yes
      Features
      • Stories: 1
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 1.28 Acres
      • Features: Corner Lot, Acres 1 to 3
      Details
      • Parcel number: 11813241002
      • Zoning: Mfam

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Siding
      • Roof: Composition
      Condition
      • Year built: 1979

      Utilities & green energy

      • Gas: Gas
      • Sewer: Other, Septic Tank
      • Water: Other, Well

      Community & HOA

      Community
      • Security: Security System Leased
      Location
      • Region: Olympia

      Financial & listing details

      • Price per square foot: $659/sqft
      • Tax assessed value: $489,400
      • Annual tax amount: $5,642
      • Date on market: 8/31/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/31/2026Listed for sale$1,350,000$659/sqft
        Source: RMLS (OR) #785631306 Report a problem
        8/19/2026Listing removed$1,350,000$659/sqft
        Source: eXp Realty #2543215 Report a problem
        6/19/2026Listed for sale$1,350,000+373.7%$659/sqft
        Source: eXp Realty #2543213 Report a problem
        1/21/2011Listing removed$285,000$139/sqft
        Source: NCI #61787 Report a problem
        4/24/2010Listed for sale$285,000+31%$139/sqft
        Source: NCI #61787 Report a problem
        7/14/2004Sold$217,500+71.7%$106/sqft
        Source: Public Record Report a problem
        10/15/1996Sold$126,700$62/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,085 +27.1%$489,400 +17%
        2023$4,001 +13.7%$418,300 +13.2%
        2022$3,521 -11.7%$369,600 +7.8%
        2021$3,989 +9.8%$342,700 +22.9%
        2020$3,632 +14%$278,900 -28.5%
        2019$3,187 -12.2%$390,200 +45%
        2018$3,632 +18.4%$269,100 +3.9%
        2017$3,067 $258,900 +24.3%
        2016$3,067 $208,250 -3.6%
        2014$3,067 $216,100 +1.3%
        2013-- $213,400
        2012$2,730 --
        2011-- --
        2010-- --
        2009$2,485 --
        2008-- --
        2007$2,445 -32.8%--
        2006$3,638 +58.5%--
        2005$2,295 --
        2004-- --
        2002-- --
        2001$2,050 -2.8%$126,600
        2000$2,109 $126,600
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 98513

        Getting around

        6 / 100
        Car-Dependent
        32 / 100
        Some Transit
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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