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About This Home
This 3-bedroom, 2-bathroom single family at 503 Centre Street North in Rainier, WA is listed for $449,500 ($322 per sqft). Built in 1961, the home offers 1,396 sqft of living space on a 2.91 acres lot.
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.
Key Features
- Built in 1961
- 2.91 acre lot
Property Details
Monthly Cost Estimate
$2,404/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
503 Centre Street North
Rainier, WA 98576
Questions & Answers
This 3-bedroom, 2-bathroom single family at 503 Centre Street North is listed at $449,500 ($322/sqft). The estimated monthly payment is $1,948 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 2.91 acre lot.
This property is listed by Sandi Hofmann and can be reached at 3607011296 or sandihofmann@gmail.com.


