503 Centre Street N · Rainier, WA 98576
Source: NWMLS · NextHome Northwest Group · Sandi Hofmann #NWM2532939
About this home
Development opportunity in the heart of Rainier! This 2.91-acre property offers rare in-city acreage with excellent potential for future use or development. Depending on buyer plans and city approval, possibilities may include single-family, duplex, townhome, multifamily, group living, daycare, or other permitted uses. Existing cabin is of little value; the value is in the land. City water and power are already on the property. Enjoy a peaceful setting near schools, parks, and the Yelm-Tenino Trail. Seasonal purple camas flowers and yellow buttercups add beautiful natural color across the property. Conveniently located with access to Rainier amenities and a short drive to Olympia, Yelm, Tenino, and JBLM. Buyer to verify all development potential and permitted uses to their satisfaction.
Location
Basics
- Property type
- Single Family Residence
- Style
- 1 Story
- Stories
- 1 story
- Condition
- Fair
- Year built
- 1961
- Lot size
- 126,760 sq ft (2.91 acres)
- County
- Thurston
- MLS #
- NWM2532939
Interior
- Heating
- Forced Air, Stove/Free Standing
- Cooling
- None
- Flooring
- Vinyl, Carpet
- Appliances
- Dishwasher, Double Oven, Microwave, Refrigerator, Stove(s)/Range(s)
- Fireplace
- 1 · Wood Burning
- Interior features
- Bath Off Primary, Ceiling Fan(s), Fireplace, Pantry, Walk-In Closet(s), Water Heater
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Block
- Lot features
- Adjacent to Public Land, Open Space, Paved, Secluded, Sidewalk, Value In Land
- Topography
- Level,Partial Slope
- View
- Mountains, Territorial
- Waterfront
- No
Parking
- Parking spaces
- 6
- Parking features
- Driveway, Off Street, RV Parking
Utilities
- Water
- Public
- Sewer
- Septic Tank
- Power
- Electric, Wood
Community & fees
- Subdivision
- Rainier
- Property tax
- $1,507 (2026)
Transaction
- Original list price
- $449,500 (16.7% price cut)
- Listed on
- Jun 1, 2026
- Days on market
- 110
- Price per sq ft
- $268
- Listing terms
- Cash
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2026-06-01
- Active$374,500
Schools
School district: Rainier
- Elementary
- Rainier Primary Sch
- Middle
- Rainier Mid
- High
- Rainier Senior High SchoolSchoolDigger 3 stars · Top 32% in WA
Listing provided courtesy of: NextHome Northwest Group
Listing agent: Sandi Hofmann.
Based on information submitted to the MLS GRID as of —. 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. IDX information 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. Information is deemed reliable but not guaranteed.
Data last updated 2026-08-19.