1420 MAGNOLIA Street SE, Lacey, WA 98503
- $762,500
- 3,376
- SqFt
Listing courtesy of Networks Real Estate LLC. Selling Office: Skyline Properties, Inc..
- Sold Price
- $762,500
- List Price
- $770,000
- Status
- SOLD
- MLS#
- 2420842
- Closing Date
- Sep 26, 2025
- Days on Market
- 10
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 3,376
- Area Total SqFt
- 3376
- Annual Tax Ammount
- 7067
- Lot Size (sq ft)
- 16,553
- Sewer
- Sewer Connected
Property Description
WOW...JUST WOW. KILLER TRIPLEX IN QUIET NEIGHBORHOOD. TURN KEY AND READY TO GO FOR YOU TO LIVE IN THE HOUSE AND RENT THE OTHER TWO UNITS AND LIVE PRACTICALLY FREE. One unit is basically a house...with 4 bedrooms and two baths and 1900 SF. Recent kitchen, baths and flooring updates plus fresh interior paint. 3 bedroom unit is almost 1100 SF and has been completely gutted and redone. Beautiful new kitchen with granite counters and new appliances. Spacious bathroom with washer/dryer hookup. 2 generous sized rooms plus 1 smaller office sized bedroom. 1 bedroom unit features largo open living/dining/kitchen with stackable washer/dryer. Bedroom has full bath off of bedroom. Multiple storage units. Tons of room to add additional covered parking.
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Additional Information
- List Date
- 2025-09-16 00:00:00
- Community
- Central Lacey
- Net Operating Income
- $64,463
- Gross Adjusted Income
- $64,463
- Gross Scheduled Income
- $73,680
- Total Monthly Income
- $6,140
- Insurance Expenses
- $2,150
- Gross Rent Multiplier
- 10
- Total Expenses
- $9,217
- Cap Rate
- 8.3
- Total Number of Units
- 3
- Unit Name
- 1420
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1956
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Outbuildings
- Energy Source
- Electric, Natural Gas
- School District
- North Thurston
- Elementary School
- Buyer To Verify
- Total Monthly Income
- $6,140
- Gross Scheduled Income
- $73,680
- Gross Adjusted Income
- $64,463
- Tax Year
- 2025
- Insurance Expense
- $2,150
- Total Expenses
- $9,217
- Net Operating Income
- $64,463
- Gross Rent Multiplier
- 10
- Cap Rate
- 8.3
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.