Property Details
503 Centre Street N
Rainier, WA 98576
$449,500
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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.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Thurston
Neighborhood
Rainier
Listed
Jun 1, 2026
Structure Type
House
Parcel Number
21609210300
Tax & HOA
Annual Property Tax
$1,507 (2026)
Est. Monthly Tax
$126/mo
Interior Features
Bedrooms
3
Bathrooms
1.8
Living Area
1,396 sq ft
Basement
Unfinished
Entry Level
Main
Interior Features
Bath Off Primary, Ceiling Fan(s), Fireplace, Pantry, Walk-In Closet(s), Water Heater
Exterior & Lot
Lot Size
2.91 sqft
Year Built
1961
Exterior Materials
Wood
Parking
Driveway, Off Street, RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Adjacent to Public Land, Open Space, Paved, Secluded, Sidewalk, Value In Land
Exterior Features
Wood
Community & Access
Directions
From HWY 507, North on Centre St, property on right track, about 6 blocks.
Location
City
Rainier
County
Thurston
Coordinates
46.89210, -122.69144
Schools
School District
Rainier
Elementary School
Rainier Primary Sch
Middle School
Rainier Mid
High School
Rainier Snr High
Additional Information
Tax Year
2026
Annual Taxes
$1,507
Possession
Array
Inclusions
Dishwasher(s),Double Oven,Leased Equipment,Microwave(s),Refrigerator(s),Stove(s)/Range(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of June 2, 2026 11:00 PM. 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 is 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. Copyright 2026 NWMLS. All rights reserved.
IDX information is 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. Copyright 2026 NWMLS. All rights reserved.
