# 503 Centre Street North, Rainier, WA 98576

> **TL;DR:** 3bd/2ba single family, $449,500 ($322/sqft), built 1961, 1,396 sqft. Est. $1,948/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $449,500 |
| Price/sqft | $322 |
| Bedrooms | 3 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,396 |
| Year Built | 1961 |
| Lot Size | 126,760 sqft (2.91 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,948 |
| **Total** | **$1,948** |

## Property Highlights

- Built in 1961
- 2.91 acre lot

## Description

### 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.

## Location

- **Address:** 503 Centre Street North, Rainier, WA 98576
- **Coordinates:** 46.8918047, -122.6919718
- **Google Maps:** https://www.google.com/maps?q=46.8918047,-122.6919718

## Listing Agent

- **Name:** Sandi Hofmann
- **Brokerage:** NextHome Northwest Group
- **Phone:** 3607011296
- **Email:** sandihofmann@gmail.com

## Primary Photo

![503 Centre Street North - Primary Photo](http://lh.rdcpix.com/fc3f17faf2555375b5178f8cfbd9bcbal-f2826337792r.jpg)

*21 total photos available on [listing page](https://www.propertysimple.com/listing/503-centre-street-north-rainier-wa-98576-e292759)*

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**MLS#:** 2532939 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/503-centre-street-north-rainier-wa-98576-e292759)

---

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