6646 Kinwood Park Lane SE, Lacey, WA 98503
- $725,000
- 2,680
- SqFt
Listing courtesy of MVP Realty Group. Selling Office: eXp Realty.
- Sold Price
- $725,000
- List Price
- $725,000
- Status
- SOLD
- MLS#
- 2468139
- Closing Date
- Mar 04, 2026
- Days on Market
- 14
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,680
- Area Total SqFt
- 2680
- Annual Tax Ammount
- 7021.76
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 27,835
- Sewer
- Septic Tank
Property Description
Well-maintained triplex offering strong in-place performance and upside in a convenient Olympia location. Each of the three units features a 2-bedroom, 1-bath layout, with two units thoughtfully renovated to enhance comfort and efficiency. The property has benefited from strategic improvements that have increased overall performance by approximately 17%, creating a solid investment opportunity. All units are equipped with their own mini-split heat pumps for efficient heating and cooling, along with supplemental wall heaters. The upstairs unit is slightly larger and occupied by a long-term tenant, providing reliable rental history. A divided backyard offers private outdoor space for tenants. Additional income is generated through on-site coin-operated laundry. Parking is plentiful with six dedicated spaces, including three covered carport stalls. No HOA dues to impact cash flow or operations. Check out the virtual tour to see a different unit! Ideally suited for investors seeking a solid asset with modern updates, reliable tenancy, and room to continue optimizing returns.
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Additional Information
- List Date
- 2026-02-18 00:00:00
- Community
- Hawks Prairie
- Net Operating Income
- $49,882
- Gross Adjusted Income
- $59,438
- Gross Scheduled Income
- $60,840
- Total Monthly Income
- $5,207
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $1,936
- Gross Rent Multiplier
- 11.92
- Total Expenses
- $10,958
- Cap Rate
- 6.88
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 6646
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1986
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- North Thurston
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,207
- Gross Scheduled Income
- $60,840
- Vacancy Rate
- 5
- Gross Adjusted Income
- $59,438
- Tax Year
- 2025
- Insurance Expense
- $2,000
- W/S/G Expenses
- $1,936
- Total Expenses
- $10,958
- Net Operating Income
- $49,882
- Gross Rent Multiplier
- 11.92
- Cap Rate
- 6.88
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.