1213 Cora Street SE, Lacey, WA 98503
- $950,000
- 4,315
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Fairway Real Estate.
- Sold Price
- $950,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 2364899
- Closing Date
- Jul 11, 2025
- Days on Market
- 8
- Style
- 55 - 5-9 Units
- Finished SqFt
- 4,315
- Area Total SqFt
- 4315
- Annual Tax Ammount
- 7180
- Lot Size (sq ft)
- 20,000
- Sewer
- Sewer Connected
Property Description
This single-story building offers strong fundamentals with potential for value-add improvements. All six units have been moderately updated over the years, but there remain both operational and renovation opportunities for the next owner. The units feature carpet flooring, formica countertops, white appliances, dishwashers, and double-pane vinyl windows. While these finishes are clean and well-maintained, upgrading to LVP flooring, stainless steel appliances, and quartz countertops could significantly enhance rental income. Each unit includes a private patio and backyard area, along with off-street parking spaces.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-07-03 00:00:00
- Community
- Lacey
- Net Operating Income
- $58,944
- Gross Adjusted Income
- $85,557
- Gross Scheduled Income
- $90,060
- Total Monthly Income
- $7,505
- Insurance Expenses
- $2,375
- Water/Sewer/Garbage Expenses
- $7,290
- Gross Rent Multiplier
- 12.27
- Total Expenses
- $26,613
- Cap Rate
- 5.61
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 1213
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1971
- Roof
- Flat
- Other Expenses
- 9768
- Energy Source
- Electric
- School District
- North Thurston
- Total Monthly Income
- $7,505
- Gross Scheduled Income
- $90,060
- Vacancy Rate
- 5
- Gross Adjusted Income
- $85,557
- Tax Year
- 2025
- Insurance Expense
- $2,375
- W/S/G Expenses
- $7,290
- Total Expenses
- $26,613
- Net Operating Income
- $58,944
- Gross Rent Multiplier
- 12.27
- Cap Rate
- 5.61
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.