1405 Josephine Court SE, Lacey, WA 98503
- $530,000
- 1,584
- SqFt
Listing courtesy of Blue Summit Realty LLC. Selling Office: Real Broker LLC.
- Sold Price
- $530,000
- List Price
- $559,950
- Status
- SOLD
- MLS#
- 2444737
- Closing Date
- Nov 25, 2025
- Days on Market
- 9
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,584
- Area Total SqFt
- 1584
- Annual Tax Ammount
- 4418
- Lot Size (sq ft)
- 6,648
- Sewer
- Sewer Connected
Property Description
Fantastic investment or owner-occupant opportunity in the heart of Lacey! Well-maintained duplex backing to the Western Chehalis Trail and Chambers Lake Park. Each 2BD/1BA unit features modern updates including luxury vinyl plank flooring, white cabinets, and refreshed bathrooms. Each side includes a carport plus additional driveway parking. One unit rented at $1,595/month and the other vacant—ideal for immediate income or live-in potential. Quiet dead-end street close to shopping, dining, bus line, and easy I-5 access. Don’t miss this move-in ready duplex in a prime location! Please do not disturb the tenant.
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Additional Information
- List Date
- 2025-11-16 00:00:00
- Community
- Lacey
- Net Operating Income
- $24,082
- Gross Adjusted Income
- $36,366
- Gross Scheduled Income
- $38,280
- Total Monthly Income
- $19,140
- Insurance Expenses
- $2,013
- Water/Sewer/Garbage Expenses
- $2,800
- Gross Rent Multiplier
- 14.63
- Total Expenses
- $12,282
- Cap Rate
- 4.3
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 1405
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1968
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 3051
- Energy Source
- Electric
- School District
- North Thurston
- Elementary School
- Mountain View Elementary
- Middle School
- Chinook Mid
- High School
- North Thurston High
- Total Monthly Income
- $19,140
- Gross Scheduled Income
- $38,280
- Vacancy Rate
- 5
- Gross Adjusted Income
- $36,366
- Tax Year
- 2025
- Insurance Expense
- $2,013
- W/S/G Expenses
- $2,800
- Total Expenses
- $12,282
- Net Operating Income
- $24,082
- Gross Rent Multiplier
- 14.63
- Cap Rate
- 4.3
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.