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$585,000
2559495 MLS ⋅ PENDING INSPECTION Status
Fantastic opportunity - duplex offering 2 spacious units- each 3-bedroom, 1.5-bath, complete with an attached 1-car garage and a LARGE fully fenced private backyard—providing the feel of a single-family home for each resident. The roof is approximately 7 years old, offering added peace of mind. Unit A has been tastefully updated and tenant occupied, while Unit B is currently vacant, creating an excellent opportunity to select your own tenant or occupy one unit while generating rental income from the other. Inside, you'll find new flooring, spacious kitchens with eating areas, cozy fireplaces, bright living rooms, and large windows that fill each home with natural light. Generously sized bedrooms, functional floor plans, and ample storage make these units highly desirable. Ideally located in a convenient commuter-friendly area close to schools, parks, shopping, restaurants, and everyday amenities, with quick access to JBLM and major highways. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your mortgage with rental income, or add a quality duplex to your holdings, this well-maintained property offers exceptional flexibility, value, and long-term potential. You won't want to miss this opportunity!

333 Choker Street SE Unit #A&B, Lacey

Listing courtesy of Skyline Properties, Inc..

$1,350,000
2543213 MLS ⋅ ACTIVE Status
Investor / Developer Opportunity – Approved 7-Lot Short Plat in Growing Lacey Market! Rare development opportunity on 1.28 acres with an existing duplex and enhanced short plat approval in place. Approved civil plans are available through the city, allowing the next owner to move forward with water and sewer extensions, sidewalks, and street tree improvements. The approved project creates a total of 7 separate lots, including: Conversion of the existing duplex into 2 townhouse lots, 5 additional single-family residential lots, 7 total buildable lots Washington State's current housing regulations may allow up to 2 ADUs per lot (buyer to verify), creating the potential for 7 primary residences plus up to 14 ADUs for significant density and income potential. Conveniently located approximately 1.5 miles from I-5, with major retail amenities including Costco and Home Depot nearby. Situated in the rapidly growing city of Lacey, home to approximately 60,000 residents, this property offers an exceptional opportunity for builders, developers, and investors seeking a shovel-ready project in a high-demand market.

8623 Steilacoom Road SE, Lacey

Listing courtesy of eXp Realty.

$849,950
2528928 MLS ⋅ ACTIVE Status
Rare opportunity to own a newer duplex featuring 3 large bedrooms plus a bonus room, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.

3120 Ponderosa Street NE, Lacey

Listing courtesy of Blue Summit Realty LLC.

$849,950
2528936 MLS ⋅ ACTIVE Status
Rare opportunity to own a newer duplex featuring 4 large bedrooms, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.

3112 Ponderosa Street NE, Lacey

Listing courtesy of Blue Summit Realty LLC.

$849,950
2528933 MLS ⋅ ACTIVE Status
Rare opportunity to own a newer duplex featuring 4 large bedrooms, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.

3108 Ponderosa Street NE, 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.

$667,500
2499626 MLS ⋅ SOLD Status
Prime investment or owner-occupied opportunity in Lacey! This well-maintained duplex sits on a large corner lot and includes a detached 1,500+/- sqft. shop separately fenced with street access. Unit A offers 2 bedrooms and 1 bath; Unit B features 3 bedrooms and 1 bathroom—both freshly painted with new carpet and a brand-new roof. Each unit enjoys its own fully fenced yard for privacy. Conveniently located near schools, parks, and shopping with easy I-5 access, this is a versatile property with income potential.

4945 Mt Tahoma Drive SE, Lacey

Listing courtesy of Olympic Sotheby's Int'l Realty. Selling Office: Real Broker LLC.

$600,000
2482728 MLS ⋅ SOLD Status

4409 - 4411 21st Court SE, Lacey

Listing courtesy of BHGRE - Northwest Home Team. Selling Office: RE/MAX Top Executives.

$485,000
2477049 MLS ⋅ SOLD Status
Exceptional investment opportunity in the heart of Lacey! This corner-lot duplex offers two mirrored units, each featuring 3 bedrooms, 1 full bathroom, and 988 square feet of living space. Separate one-car garages and tenant-owned laundry setups - maximizing convenience and minimizing landlord overhead. Both units are currently occupied by long-time tenants, delivering immediate cash flow. Thoughtfully designed with hardwood floors throughout. Efficient kitchens equipped with dishwasher, fridge, stove/oven, and dedicated eating space. These homes appeal to long-term renters seeking comfortable and convenient living. Units are separated by garages, providing enhanced privacy. Each side also enjoys its own fully fenced backyard, ideal for tenant enjoyment and reducing common area disputes. Minutes from dining, shopping, entertainment, even closer to Mountain View Elementary and Chambers Lake. Easy access to I5. Whether you’re expanding a rental portfolio or adding a reliable long-term hold, this duplex delivers location, layout, and income - all in a market that continues to perform.

2102 Golf Club Road SE Unit #2106, Lacey

Listing courtesy of MVP Realty Group. Selling Office: Keller Williams South Sound.

$525,000
2476490 MLS ⋅ ACTIVE Status
Well-maintained duplex tucked away on a quiet street in a highly desirable Lacey location, conveniently close to schools, shopping, and everyday amenities. This side-by-side property features two spacious 2-bedroom, 1-bath units, each with an attached garage and private fenced yard — an attractive setup for both tenants and owner-occupants. Designed with a functional, conventional layout, each unit offers a large living area, generous kitchen with direct backyard access, and in-unit washer and dryer. Strong rental history with recent upgrades. This desirable investment creates flexibility for investors or those looking to offset their mortgage through house hacking. With consistent rental performance, fair-market rents, and solid construction, this property presents an excellent opportunity to add a reliable asset to your investment portfolio. Units A and B are currently rented for $2,100 apiece!

7438 Mullen Road SE Unit #A-B, Lacey

Listing courtesy of Realty One Group Bold.

$675,000
2472540 MLS ⋅ ACTIVE Status
Big-ticket improvements are already done! This spacious Lacey duplex features newer Hardie siding, exterior paint, septic system, drain field and pumping station, taking care of several major expenses for the next owner. Each unit offers 3 bedrooms, 1.5 baths, an attached garage, private fenced yard and separate driveway, all situated on a large .56-acre lot. Whether you're looking to add a rental property to your investment portfolio or live in one side and rent the other to help offset your monthly housing costs, this property offers flexibility and long-term potential. The two 3-bedroom units provide strong rental appeal, while the separate yards and garages give each side the feel and privacy of a home. Conveniently located near shopping, schools, parks and I-5. A great opportunity to own a duplex with significant improvements already completed and the ability to add value over time.

643 School Street SE, Lacey

Listing courtesy of Redfin.

$549,900
2465092 MLS ⋅ ACTIVE Status
A great opportunity for investors or owner-occupants seeking a highly accessible location. Well-maintained one-level duplex tucked away at the end of a quiet cul-de-sac, just a short walk to Rainier Vista Park. Each unit offers 825 sq ft, featuring a fenced yard, private patio, and one-car garage with additional driveway parking. Ideal location with easy access to I-5 and JBLM. Plus nearby schools, medical, restaurants, golf courses, Chehalis Western Trail and grocery stores for everyday convenience. Bus service available on Ruddell Rd, makes for an easy commute. (Living room & bedrooms are virtually staged)

4938 Wilshire Court SE Unit #A & B, Lacey

Listing courtesy of Century 21 Van Dorm Realty.

$575,000
2458078 MLS ⋅ SOLD Status
Fantastic investment opportunity with this remodeled duplex. Both units clean, vacant, and move-in ready. Live in one unit and offset your mortgage, or capitalize on this turnkey investment by renting both sides. New laminate flooring, counters, paint & light fixtures. Interior laundry rooms. Both units offer rear patios with large fenced yards. Full-size one-car garages. Vinyl windows with a new roof in 2023. Desirable location on a bus line. close to JBLM, hospitals, and amenities.

4425 -4435 Ruddell Road SE, Lacey

Listing courtesy of Vanguard Realty. Selling Office: Skyline Properties, Inc..

$590,000
2451882 MLS ⋅ SOLD Status
Beautifully maintained side-by-side duplex in the heart of Lacey, directly across from a community park on a quiet tree-lined street. Each two-story unit features 2 bedrooms, 1.5 bathrooms, a one-car garage, additional parking, and in-unit washer and dryer facilities. Updates include new flooring, interior paint, and modern finishes. Both units feature large private, fully fenced backyards and functional floor plans with great flow. One unit is tenant-occupied; the other is vacant—live in one and rent the other, or hold as an income-producing property for your portfolio. Convenient location near schools, shopping, and I-5 in an established neighborhood. True gem with an exceptional location and setting. Come and see it for yourself!

1502 Yonkers Drive SE Unit #A&B, Lacey

Listing courtesy of Keller Williams Rlty Bellevue. Selling Office: Skyline Properties, Inc..

$600,000
2449517 MLS ⋅ SOLD Status

4013 Quail Drive SE Unit #4015, Lacey

Listing courtesy of NextHome Northwest Group. Selling Office: ZNonMember-Office-MLS.

$530,000
2444737 MLS ⋅ SOLD Status
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.

1405 Josephine Court SE, Lacey

Listing courtesy of Blue Summit Realty LLC. Selling Office: Real Broker LLC.

$595,000
2443401 MLS ⋅ SOLD Status
Great location duplex well maintained 3 bed, 2 full bathroom large fenced private backyard. Close to shopping, restaurants and Walmart. Rainier Vista Community Park is a 5 min walk away. If you have been looking for a great clean solid investment or looking for an owner occupied duplex for yourself, then this is it! Room to increase rent.

5144 Wilshire Court SE, Lacey

Listing courtesy of Pellego, Inc.. Selling Office: John L. Scott, Inc.

$690,000
2440783 MLS ⋅ SOLD Status

4902 15th Avenue SE, Lacey

Listing courtesy of Olympic Sotheby's Int'l Realty. Selling Office: eXp Realty.

$629,900
2409433 MLS ⋅ SOLD Status
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.

Lacey

Listing courtesy of eXp Realty. Selling Office: ZNonMember-Office-MLS.

$498,500
2390066 MLS ⋅ ACTIVE Status
Attention Investors: Nice duplex near city of Lacey amenities within walking distance to groceries, restaurants and bigger shopping center. This duplex is located at the end street offering privacy. Spacious fenced backyard with some trees. Nice responsible and established tenants who wish to stay. A well-maintained single-story duplex, each unit offers 2-beds, 1-bath, utility room with washer and dryer, refrigerator. Living room/entry way offers a small wood burning fireplace and a single car garage.

1414 Hensley Street NE Unit #1412, Lacey

Listing courtesy of Networks Real Estate LLC.

$844,950
2380888 MLS ⋅ SOLD Status
Rare opportunity to own a newer duplex built in 2020, featuring 4 spacious bedrooms, 2.5 baths, & 1,742 sqft per unit, along with a 2-car garage. Each unit offers a modern layout w/ contemporary finish. Entire neighborhood is well-kept w/ a cohesive, updated look. This property presents a fantastic investment opportunity or perfect setup live in one unit while renting other. One unit is currently vacant and move-in ready, ideal for an owner-occupant or a new tenant. Located in a strong rental area, this duplex has great potential for positive cash flow. Conveniently located near freeways, parks, shopping centers, & stores makes it especially appealing to renters. Don’t miss this rare find, modern duplexes like this don’t come around often!

3144 Ponderosa Street NE Unit #A & B, Lacey

Listing courtesy of NW Real Estate Inc.. Selling Office: NW Real Estate Inc..

$685,000
2361184 MLS ⋅ SOLD Status
Incredible first time homebuyer opportunity, live in one side and rent out the other! A perfect solution to rising ownership costs. High quality & supremely well-maintained duplex in convenient Lacey location! These 1300+/- sqft 2 bed, 1.5 bath units have great open floor plans and include their own furnace and AC units, one car garage, private back yard, & more. New vinyl flooring on the occupied unit and carpet in vacant unit. Upside potential in rents allow for steady cash flow for an investor, or supplemental income for an owner occupant. Easy access to I-5 for north and southbound travel. Investment properties of this caliber rarely come to market & are always in high demand. This is a great opportunity that you will not want to miss!

1414 1412 Notter Lane SE, Lacey

Listing courtesy of Olympic Sotheby's Int'l Realty. Selling Office: eXp Realty.

$945,000
2352617 MLS ⋅ SOLD Status
Great investment opportunity, 2 well maintained single story duplex's with garage's total of 4 units, on .61 acre lot zoned high density. Current zoning could be a possibility for additional units. Nice open concept floor plans with newer hard surface flooring throughout. Many updates in all units include kitchen, bathroom, windows and flooring. Big and level grass yards with private patios. property highly desirable for the tenants. Conveniently located to schools, shopping, and parks. Easy access to I-5 and JBLM. High cap rate with potential for even higher returns. Washer dryer hook ups tenants provide their own washer and dryers.

1512 Judd Street NE, Lacey

Listing courtesy of NextHome Northwest Group. Selling Office: Olympic Sotheby's Int'l Realty.

$590,000
2318841 MLS ⋅ SOLD Status
Exceptional investor opportunity. Units are in impeccable condition with outstanding tenants. Units have had a number of upgrades. Strong rental income with solid leases in place. Ideal location near I-5, major stores and JBLM. Large fenced yards. Each unit has a double car garage.

1033 Midway Drive NE, Lacey

Listing courtesy of Windermere Real Estate Olympia. Selling Office: Windermere Real Estate Olympia.

$505,000
2300339 MLS ⋅ SOLD Status
Don’t miss this great investment opportunity with a fully rented duplex in Lacey, centrally located near schools, shopping, and just around the corner from Homann Park. Each unit has two bedrooms, one bath, and one-car garage. Large shared yard with plenty of room to relax or entertain. Both units have been fully rented during ownership, and one unit was recently remodeled. Exterior photos are current; interior photos are of Unit A and were taken prior to the current tenant.

1319 Glen Mary Drive SE, Lacey

Listing courtesy of Redfin. Selling Office: Skyline Properties, Inc..

$492,500
2294278 MLS ⋅ SOLD Status
Single story, income producing duplex in convenient location! Side B is vacant, ready for you to jump into real estate investing! Move into one side, while using the other to offset your mortgage! Jump on this incredible opportunity to build some instant equity, and kickstart your real estate portfolio. Walking distance to Saint Martins University, shops, and grocery stores, all within a calm neighborhood. 1/4 Acre corner lot, with plenty of nature for a more private feel, too. Brand new floors, doors, and trim in side B, ready for you to add the finishing touches that will bring both life and equity into this property! You wont find a better deal than this, so call today for a private tour!

5703 16th Avenue SE, Lacey

Listing courtesy of RE/MAX Northwest. Selling Office: Keller Williams South Sound.

$550,000
2286256 MLS ⋅ SOLD Status
Absolute HUB location in Lacey WA! Minutes to everything:/ I-5 north & South / JBLM / Work / Schools / Lakes / Golf . 2br / 1.5 bath units with 1 car garages. Big fenced yard and patio spaces. High activity Rainier Vista Park anchors this location. Its Right There! Direct access to any sport, relaxation or open space one desires. Appealing corner lot. Quality set-up for owner occupied or investment. Washer/Dryer connections per unit. Floor plans provide for large primary bedrooms. Roof, flooring, appliances included in relatively recent upgrades.

5490 50th Avenue SE, Lacey

Listing courtesy of RE/MAX Parkside Affiliates. Selling Office: John L. Scott, Inc.

$559,000
2284638 MLS ⋅ SOLD Status
Great investment opportunity! Well cared for duplex in a great location. Owner occupied on side A for almost 20 years and respectful long time tenant on side B. New roof and gutters! The units are mirror floorplans. Enter to the main level with vaulted ceiling living room, leading to the kitchen and the dining area. down the hall from the kitchen is a half bath with laundry closet and garage access. Upstairs are 2 bedrooms and a full bathroom. Off of the main level dining area is a sliding door leading out to individual private fenced yard with patio. Side A has a storage shed. mature trees and bushes make both yards private. Close to everything!

2401 Detlefsen Place SE Unit #A&B, Lacey

Listing courtesy of Coldwell Banker Evergreen. Selling Office: RE/MAX Northwest.

$440,000
2279795 MLS ⋅ SOLD Status
Investors Special. Hard to find 3 bedroom units with 1 car garages and large back yards. This duplex is a great opportunity for an investor who is willing to bring their toolbelt! Great location with easy access to I-5 via exit 114, close to shopping and transit access. Situated close to shopping and I-5.

7815 3rd Avenue SE, Lacey

Listing courtesy of Olympic Sotheby's Int'l Realty. Selling Office: Theory Real Estate.

$525,000
2276757 MLS ⋅ SOLD Status
Single story duplex! Each unit is designed with 2 bedrooms and 1 bathroom, providing ample space for comfortable living. Perfect opportunity for investors or those seeking a home with rental potential, live in one side and rent the other! Total of 1800 sf, approx. 900 sf each. Each unit features a utility room, single car garage & private backyard space that is either fully or partially fenced. Situated in a sought-after area, this duplex is just minutes away from local parks, shopping centers, dining options & trails. Don't miss out on this opportunity, explore the possibilities this property has to offer!

1904 1906 Golf Club Road SE, Lacey

Listing courtesy of eXp Realty. Selling Office: eXp Realty.

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.
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