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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.

Agent Description

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

1 full, 1 half
1961

Monthly Cost Estimate

$2,404/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,948
Insurance$131

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.

SH

Sandi Hofmann

Agent at NextHome Northwest Group

(360) 701-1296

Listed by NextHome Northwest Group · View on Broker Site

MLS# 2532939· Source: listhub· Updated 3 days ago

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

503 Centre Street North, Rainier, WA 98576

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