7825 Mullen Road SE in Lacey

Investor Alert! Exceptional opportunity with endless potential on nearly 4.5 acres. This versatile property offers multiple possibilities, from restoring the existing homes for owner occupancy and rental income to exploring future development opportunities, including potential subdivision or higher-density use (buyer to verify). The 2,055 sq. ft. rambler is ready for your vision and renovation expertise to bring it back to its original charm. The property also includes a detached 2-car garage, a 2-bedroom/2-bath manufactured home that can provide additional rental income, and two enormous shops ideal for storage, hobbies, business use, or further income potential. Mature landscaping, private well, and septic system are already in place. Conveniently located just minutes from Timberline High School, I-5 access, shopping, and amenities. Opportunities like this are rare—the potential here is substantial. Property sold AS IS. Buyer to verify all information and development potential to

This listing is provided courtesy of NWMLS, contributed by RE/MAX Country.

Show property location on a map

I want to see this property

Remove listing bookmark

Notify me of similar listings

Mortgage Payment Calculator

Find listings near this property

Home Details

Home

Surroundings

Financials

Similar Nearby Homes

0.5 miles away

8322 55th
Olympia
4 bd, 2.5 ba - $585,000

0.6 miles away

4209 Arbor
Lacey
3 bd, 2.25 ba - $584,500

0.8 miles away

8509 58th
Olympia
3 bd, 1.75 ba - $615,000

1.1 miles away

8723 62nd
Olympia
4 bd, 2.25 ba - $579,990

1.1 miles away

8727 62nd
Olympia
4 bd, 2.25 ba - $574,990