16643 Canal Road SE Yelm, WA $ 2,350,000
16643 Canal Road SE
$ 2,350,000
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16643 Canal Road SE

Yelm, WA, 98597
$ 2,350,000
Baths0.0

Monthly Estimate*

$ 14,838

Listed by John L. Scott Lacey
16643 Canal Road SE, Yelm, WA 98597 - Image 1
16643 Canal Road SE, Yelm, WA 98597 - Image 2
16643 Canal Road SE, Yelm, WA 98597 - Image 3
16643 Canal Road SE, Yelm, WA 98597 - Image 4
16643 Canal Road SE, Yelm, WA 98597 - Image 5
16643 Canal Road SE, Yelm, WA 98597 - Image 6
Studio

Lots and Land for sale in Yelm, WA

for $2,350,000. The lot size is 8.74.

Exceptional residential development opportunity within the City of Yelm. This ±8.74-acre property is zoned R-6 Medium Density Residential and offers excellent potential for a thoughtfully designed single-family subdivision. A professional conceptual site plan prepared by Patrick Harron & Associates demonstrates the feasibility of approximately 49 residential lots, providing developers with a potential layout. City allows for 20% density bonus under certain conditions. The property is currently vacant, undeveloped, and relatively flat, allowing for minimal land prep required. Conveniently located near existing residential growth, schools, parks/trails, shopping, and major commuter routes, the site is well positioned to meet continued housing demand in one of Thurston County's fastest-growing communities. Water and sewer infrastructure are available at the street (buyer to verify capacity and connection requirements). Annexation and zoning work have already been completed, allowing developers to focus on advancing project approvals. Conceptual site plan, supporting development information, and additional due diligence materials are available. Buyer to verify all development potential, density, utility capacity, permitting requirements, and intended use to their satisfaction.

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Lots and Land Active

Price

$ 2,350,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,703

Style

Res-Over 1 Acre

Lot Size

8.74

Town/City

Yelm

County/Region

Thurston

MLS | Web ID

2549015

Features
General
Living Area 0
Sewer In Street
Utilities Electricity Available
Possession Closing
HOA Fee 0
Topography Level See Remarks
Property Subtype Land
Tax Year 2026
County Thurston
Property Type Land
HOA N
Subdivision Name Yelm
Possible Use Residential
Special Listing Conditions None
Status Active
Directions Please use GPS :)
High School Buyer To Verify
City Yelm
Senior Community Y/N N
High School District Yelm
Zoning Description Residential
MLS Area 453 - Yelm/Rainier
Lot Size Units Square Feet
Lot Size Square Feet 380714
Carport Y/N N
Listing Terms Cash See Remarks
Elementary School Buyer To Verify
Tax Annual Amount 2703
Middle/Junior High School Buyer To Verify
Public Remarks Exceptional residential development opportunity within the City of Yelm. This 8.74-acre property is zoned R-6 Medium Density Residential and offers excellent potential for a thoughtfully designed sin
Structure Type None
Building Area Units Square Feet
Standard Status Active
Property Features Brush
Gas Status Not Available
Property Style 41 - Res-Over 1 Acre
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Exterior
Vegetation See Remarks
Lot Features Corner Lot Open Space Paved
Water Source In Street
Building Area Total 0
Lot Size Acres 8.74
Road Surface Type Paved
Waterfront Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2549015
Street Number 1 16643
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* Excluded Features
List By
Jake DeAtley

Listing Agent

John L. Scott Lacey

Broker

Affordability Calculator

$15,063
Per Month
99%
1%
0%
Monthly Principal & Interest
$14,838
Monthly Property Taxes
$225
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100517 Elementary School
3100196 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2026$2,350,000 Listed Price

Map


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16643 Canal Road SE, Yelm, WA, 98597 is a Lots and Land for sale at $2,350,000 with a lot size of 8.74. 16643 Canal Road SE is a studio with 0.0 baths. The property's zip code is 98597 which is in Yelm, WA