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$1,100,000
2550741 MLS ⋅ PENDING INSPECTION Status
The Lacey 8 is an eight-unit apartment property in one of the South Sound’s most stable rental markets, offered as a true value-add opportunity. The property is made up of four two-bedroom/one- bathroom units and four one-bedroom/one-bathroom units, a mix that rents well and stays full. In-place rents are well below market, creating immediate and measurable upside for a new owner. The seller also does not currently bill back utilities, leaving a clear path to additional income through a RUBS or flat-fee utility program. Adding to the appeal, the seller is offering seller financing to qualified buyers at 5% interest-only for five years with 25% down. The property is in solid physical shape, which makes the value-add plan lower risk. It offers 14 on-site parking stalls, an on-site communal laundry facility, and newer roof systems installed with-in the last several years. The electrical panels have been updated throughout, the windows are double-pane vinyl, and the exterior siding is in good condition with no major deferred maintenance. The units are in mixed condition: some are still original, while others have already been moderately renovated with newer LVP flooring. Adding LVP flooring, stainless-steel appliances, in-unit dishwashers, and quartz countertops at turnover can drive both higher rents and long-term value.

5024 18th Avenue SE, Lacey

Listing courtesy of Westlake Associates, Inc..

$1,299,950
2534852 MLS ⋅ PENDING INSPECTION Status
Excellent quality newer investment opportunity offered substantially under assessed value. Two duplexes featuring 3 bedrooms, 2.5 bath each. All 4 units feature 2 car garages. Both duplexes feature extensive solid surface flooring granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2019 and exceptionally maintained. Long term leases in place and a great cap rate with room for continued growth. Exteriors feature custom accents and fenced yards. Close to all amenities and freeway access, with great schools nearby.

1214 Hall Street SE Unit #A&B, Lacey

Listing courtesy of Blue Summit Realty LLC.

$1,650,000
2503024 MLS ⋅ SOLD Status
Long Lake Luxury +Passive Income = Dream Waterfront Setup! Over 6500sqft & flex layouts to use as 1, 2 or 3 units. Airbnb with private entrance, stays furnished & grossed $25K last yr without summer bookings! Unit A has main floor primary 3BR + den, gym-ready basement and sauna. Unit B can stay whole or split again. All have waterproof luxury vinyl plank throughout, quartz counters, separate heatpumps, tankless H2O heaters & laundry. Outside, find gated entry, huge new driveway with room for guests & pickleball, 4-car garage, more covered parking, flat lawn, oversized patio, big deck, & yes, 2 docks + mooring whips! Minutes to I-5 & Costco, this one makes the math work with flexibility for your compound or small empire in the making!

7235 20th Avenue SE Unit #A&B, Lacey

Listing courtesy of Abbey Realty Inc. Selling Office: Abbey Realty Inc.

$2,650,000
2501659 MLS ⋅ ACTIVE Status
Rare add-value multifamily investment opportunity in Lacey! This well-maintained portfolio includes 3 tax parcels with 13 total units: one parcel features a single-family home and a 4-plex, while the other two parcels each include a 4-plex. All units are fully occupied with strong rental history. Conveniently located near I-5, JBLM, shopping, and schools. Great mix of unit types, stable income, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.

1608 Ruddell Road SE, Lacey

Listing courtesy of TS Property Management.

$1,175,000
2501685 MLS ⋅ ACTIVE Status
Rare add-value multifamily investment opportunity in Lacey! Features fully occupied a single-family home and a 4-plex with strong rental history. Conveniently located near I-5, JBLM, shopping, and schools. Great mix of unit types, stable income, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.

1608 Ruddell Road SE, Lacey

Listing courtesy of TS Property Management.

$725,000
6 Beds ⋅ 5 Baths ⋅ 2431477 MLS ⋅ SOLD Status
Spacious Living & Endless Potential in Lacey! With 10K towards Buyers closing costs this Hard-to-find 5-bed,3-bath home offers plenty of character & flexibility. 1 bd-1 bath ADU above the garage with kitchen, bath, & laundry its perfect rental, or multigenerational living. Features: Vaulted ceilings, skylights, 2 fireplaces, EV Charger ready, Country kitchen, breakfast bar island, W/In pantry, Wired for Gen & wraparound porch ideal for all seasons! Enjoy the level yard space to make it your private playground, 2-car garage + 2 covered spaces 1 under the breezeway & carport in the yard. Lifetime metal roof easy maintenance! Plenty of rental & income opportunity, STR, Traveling Nurses, Adult Care home, daycare. Pre Inspected & Septic Pumped.

1309 Livingston Street NE, Lacey

Listing courtesy of Timber Real Estate. Selling Office: Pointe3 Real Estate.

$950,000
2366792 MLS ⋅ SOLD Status
Great opportunity eight unit apartment with a laundry room. In the last five years the siding, windows, cadet heaters, electrical panels and water heaters were replaced. Just need some cosmetic updates on the inside and you will have a great investment.

1126 Sleater Kinney Road SE, Lacey

Listing courtesy of Cycle Real Estate Inc.. Selling Office: Van Dorm Realty, Inc.

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