Lacey, WA 98503
- $629,900
- 2,360
- SqFt
Listing courtesy of eXp Realty. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $629,900
- List Price
- $629,900
- Status
- SOLD
- MLS#
- 2409433
- Closing Date
- Nov 07, 2025
- Days on Market
- 80
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,360
- Area Total SqFt
- 2360
- Annual Tax Ammount
- 5234
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 16,553
- Sewer
- Septic Tank
Property Description
Welcome to a unique and lucrative opportunity for investors, developers, or owner-occupants seeking strong cash flow potential and future development upside. This remodeled duplex sits on a generous .38 acre lot, offering both turn-key living and the ability to expand and maximize value. With a use code that allows for 2-4 units and an 18 bedroom septic, this property presents the rare chance to earn immediate rental income while planning your next high-return investment move. Each side of the stylish and spacious duplex has been remodeled to deliver modern comfort and timeless appeal. Both Unit A and Unit B feature 3 bedrooms and 1.5 bathrooms, offering functional layouts ideal for tenants or owner-users. Owner is a licensed agent.
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Additional Information
- List Date
- 2025-08-19 00:00:00
- Community
- Lacey
- Net Operating Income
- $45,013
- Gross Adjusted Income
- $52,452
- Gross Scheduled Income
- $56,400
- Total Monthly Income
- $4,400
- Insurance Expenses
- $2,205
- Gross Rent Multiplier
- 11.16
- Total Expenses
- $7,439
- Cap Rate
- 7
- Vacancy Rate
- 7
- Total Number of Units
- 2
- Unit Name
- 5649
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1977
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet, Outbuildings, Patio
- Energy Source
- Electric
- School District
- North Thurston
- Total Monthly Income
- $4,400
- Gross Scheduled Income
- $56,400
- Vacancy Rate
- 7
- Gross Adjusted Income
- $52,452
- Tax Year
- 2025
- Insurance Expense
- $2,205
- Total Expenses
- $7,439
- Net Operating Income
- $45,013
- Gross Rent Multiplier
- 11.16
- Cap Rate
- 7
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.