Browse All 54 - 4-Plex Style Properties for Sale

Looking for an investment opportunity in the heart of Lacey? Look no further than this exceptional 4 plex unit located on Glen Mary Ln! Part of an 18 building complex, this property offers a prime location and exceptional value for investors! Inside each spacious 1000 square foot unit, you will find 2 bedrooms, 1 bathroom, and W/D hookups in the attached garages. Unit D upstairs is currently vacant and just underwent a stunning full renovation, and is ready for buyer occupancy, or the next occupants. Investment security is priority, and this property just received a full exterior repaint, and features a newer roof and gutters. Location is key, and this 4 plex is positioned near the busline, freeway access, shopping, restaurants, and JBLM, catering to the needs of potential tenants and enhancing the properties appeal. Schedule your showing today!

6010 Glen Mary A-D SE, Lacey

Listing Broker: Realty One Group Bold; Kim Weeks; 253-389-8374; kweeks78@gmail.com

$1,050,000

2550741 MLS ⋅ SOLD Status

The Lacey 8 is an eight-unit apartment property in one of the South Sound’s most stable rental markets, offered as a true value-add opportunity. The property is made up of four two-bedroom/one- bathroom units and four one-bedroom/one-bathroom units, a mix that rents well and stays full. In-place rents are well below market, creating immediate and measurable upside for a new owner. The seller also does not currently bill back utilities, leaving a clear path to additional income through a RUBS or flat-fee utility program. Adding to the appeal, the seller is offering seller financing to qualified buyers at 5% interest-only for five years with 25% down. The property is in solid physical shape, which makes the value-add plan lower risk. It offers 14 on-site parking stalls, an on-site communal laundry facility, and newer roof systems installed with-in the last several years. The electrical panels have been updated throughout, the windows are double-pane vinyl, and the exterior siding is in good condition with no major deferred maintenance. The units are in mixed condition: some are still original, while others have already been moderately renovated with newer LVP flooring. Adding LVP flooring, stainless-steel appliances, in-unit dishwashers, and quartz countertops at turnover can drive both higher rents and long-term value.

5024 18th Avenue SE, Lacey

Listing Broker: Westlake Associates, Inc.; Reid Jones; ; Selling Office: ZNonMember-Office-MLS.

$1,250,000

2534852 MLS ⋅ SOLD Status

Excellent quality newer investment opportunity offered substantially under assessed value. Two duplexes featuring 3 bedrooms, 2.5 bath each. All 4 units feature 2 car garages. Both duplexes feature extensive solid surface flooring granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2019 and exceptionally maintained. Long term leases in place and a great cap rate with room for continued growth. Exteriors feature custom accents and fenced yards. Close to all amenities and freeway access, with great schools nearby.

1214 Hall Street SE Unit #A&B, Lacey

Listing Broker: Blue Summit Realty LLC; Brian J Dermanoski; 360-280-1980; brian@nwchoice.com Selling Office: Century 21 Van Dorm Realty.

$805,000

2378647 MLS ⋅ SOLD Status

Great investment opportunity! Sitting on just over 3/4 of an acre, this 4plex offers two units upstairs and two downstairs. Each unit has 2 bedrooms, 1 bathroom, a dining room, a kitchen and a large balcony or patio with a storage closet. There is a carport with 4 stalls and 4 additional parking spaces. Mature landscaping gives off a park like setting, while being very close to shopping. Walking distance even!All units are occupied and on a month to month contract.

8024 N Bicentennial Loop SE, Lacey

Listing Broker: St Clair Realty; Lisa Kirk; ; Selling Office: Networks Real Estate LLC.

$985,000

2217088 MLS ⋅ SOLD Status

Prime investment opportunity in the heart of Lacey! This immaculately maintained 4-Plex unit is nestled in a peaceful cul-de-sac in an 18 building complex. Each of the 4 units features 1000 square feet of living space, 2 bedrooms, 1 bathroom, and attached garage, with W/D hookups. Updated kitchens in all units, and all but 1 unit has laminate. Owner covers W/S split through the HOA. Unit B has just been updated with a brand new bathroom and is currently vacant. New 40 year roof was put on in 2022, with new gutters. Exterior of building was also repainted in 2022. This building is close to the busline, freeway, and minutes to JBLM. Very low turnovers during ownership.

6122 Glen Mary Lane SE Unit #A-D, Lacey

Listing Broker: Realty One Group Bold; Kim Weeks; ; Selling Office: Realty One Group Orca.

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Lacey, WA Fourplexes for Sale

Browse Lacey four-unit investment properties in the existing MLS listings above. The saved search continues to include active, pending and sold listings ordered newest first. Confirm the number of legal units, leases and current listing status before purchasing.

Fourplex Investment Considerations in Lacey

Compare proximity to Olympia-area employers, transportation and services with each property's unit mix, rent levels and operating expenses. Review leases, tenant-paid versus owner-paid utilities, parking, roof and mechanical systems, and any planned capital work. Confirm the property's permitted use with the appropriate local authority.

Evaluate Cash Flow

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Selling a Lacey Fourplex

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