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$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.

$80,000
2475009 MLS ⋅ ACTIVE Status
High-Performance Nail Salon for Sale — Prime Lacey, Wa Location Investment Opportunity | Next to Starbucks and walking distance to St. Martin’s University. Fully remodeled nail salon in one of Lacey’s most coveted retail corridors. This turnkey business combines a luxury aesthetic with a proven financial track record. BusinessRate Best of 2025 Awards! Annual gross: $400,000+ | Monthly rent: $4000/month | Space: 1,700 sq ft | Staff: 4 full-time.

1110 College Street SE Unit #F, Lacey

Listing courtesy of Pellego, Inc..

$539,999
3 Beds ⋅ 2 Baths ⋅ 2472802 MLS ⋅ ACTIVE Status
Positioned in Meridian Acres, this nearly 2,000 sq ft rambler delivers the space and flexibility today’s buyers are looking for. With 3 bedrooms, 2 bathrooms, and a generous lot, there’s room to live, gather, and expand your vision. With multiple skylights in the home, there is no shortage of natural light for those sunny days. With a fenced backyard, bring your pets and let them have space to run around! Enjoy single-level convenience with easy access to JBLM, while still having the space to create your own outdoor lifestyle. Whether you're planting roots or upgrading your space—this property checks the boxes. Make an appointment to view this property today!

427 Sawmill Court SE, Olympia

Listing courtesy of BHGRE - Northwest Home Team.

$2,700,000
2469874 MLS ⋅ ACTIVE Status
Standalone Restaurant Building with Large Lot and Plenty of Parking! This full service restaurant building hosts a long term tenant with a long standing restaurant business. The floorplan features a large buffet area, multiple seating areas, including two different banquet areas capable of hosting large groups. Featuring multiple storage areas, large production kitchen, walk-in refrigerators, and walk-in deep freezer. Opportunity knocks.

5580 Martin Way E, Lacey

Listing courtesy of Commencement Bay Brokers LLC.

$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.

$519,000
4 Beds ⋅ 3 Baths ⋅ 2460824 MLS ⋅ ACTIVE Status
Step into soaring ceilings and well-designed layout in this 4BD/2.75BA home offering nearly 1,900 sq ft of comfortable living. Enjoy two flexible living areas—ideal for entertaining, working from home, or creating a cozy retreat. The kitchen features stainless steel appliances and opens to the dining area for easy everyday flow. Just off the kitchen is a versatile enclosed patio perfect for hobbies, extra storage, or year-round use. Upstairs, generous bedrooms provide room for everyone. The fully fenced, low-maintenance yard keeps weekends simple. Fantastic location minutes to JBLM, highways, parks, shopping, and essential amenities.

4705 Blueberry Court SE, Lacey

Listing courtesy of Jason Mitchell Real Estate WA.

$130,000
2459628 MLS ⋅ ACTIVE Status
Discover a great opportunity with this well-located land parcel at 6943 20th Ave. SE in Lacey, Washington. Situated within the Lacey UGA planning area, this property offers strong potential for res. Development in a growing and desirable community. The location provides convenient access to major roadways, local amenities, parks, schools and shopping making it an appealing setting for future homes. Surrounded by established neighborhoods and natural green spaces, the parcel aligns well with the area’s predominantly residential character. With steady demand throughout Thurston County and continued growth in the Lacey area, the property stands out as a valuable option for builders or investors! Ask about reports available!

6943 20th Avenue E, Lacey

Listing courtesy of John L. Scott Lacey.

$334,900
3 Beds ⋅ 2 Baths ⋅ 2433054 MLS ⋅ ACTIVE Status
Beautiful home located in the desirable Lakeview Meadows a 55+ neighborhood. Large home with 3 bedrooms and 1.75 baths. Large living room with vaulted ceilings and a light and bright chef's kitchen with ample space for table. Home also features a separate dining room for those special occasions. Spacious primary suite with walk in closet. If you need more space there's an addition with it's own entrance that would make a great office/craft-hobby room. Brand new roof just installed!!! Large attached garage completes this package. Located on a nice sized lot beautifully landscaped with programable irrigation system. Community amenities include a clubhouse, pool, and fitness center. This home is move in ready and close to I-5, shopping and trails.

3504 Meadowbrook Lane SE, Lacey

Listing courtesy of Abbey Realty Inc.

$498,500
4 Beds ⋅ 2 Baths ⋅ 2397786 MLS ⋅ ACTIVE Status
NICE PASSIVE INVESTMENT! Centrally located in the heart of Lacey, this charming duplex is within walking distance of grocery stores, restaurants, and shopping. Tucked away at the end of the street for added privacy, the property features a spacious fenced backyard with mature trees. This well-maintained single-story duplex. Each unit offers 2 bedrooms, 1 bathroom, utility room with washer and dryer, kitchen appliances. The living room entry in each unit includes a cozy wood-burning fireplace. Occupied with responsible, long-term tenants. This is a fantastic opportunity to live in one unit and use the rental income to help cover your mortgage. Total SQFT 2-units 1832

1414 Hensley Street NE Unit #1412, Lacey

Listing courtesy of Networks Real Estate LLC.

$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.

$225,000
2378935 MLS ⋅ ACTIVE Status
Looking for duplex, triplex, or 4-plex land to build on? Has City of Lacey water and sewer at the property. Close-in property in City of Lacey with zoning of High Density Residential (see supplements). Buyer to check with the City of Lacey Building Department to confirm any and all zoning requirements. Walk to bus stop, stores, restaurants and services. City of Lacey bike/walking trail 2 blocks away.

1201 East Street SE, Lacey

Listing courtesy of Van Dorm Realty, Inc.

$837,999
3 Beds ⋅ 3 Baths ⋅ 2373812 MLS ⋅ ACTIVE Status
What’s Special:3-Car Garage | Single Level Living | West Facing Lot. New Construction - Ready Now! Built by America's Most Trusted Builder. Welcome to The Sequoia at 2918 Balsamroot Drive in Ovation at Oak Tree, a 55+ community. This home offers 3 beds, a flex room, and a primary suite with walk-in closet. The open-concept layout connects the great room, kitchen, dining area, and covered patio. Toward the front, is a foyer, powder room, full bath, laundry room, and 3-car garage. Additional Highlights: Study & Deluxe Shower at Primary. Builder broker registration policy requires, if represented, your broker register you with Community Site agent prior to OR with you, on your 1st visit. MLS#2373812

2918 Balsamroot Drive SE, Lacey

Listing courtesy of Cascadian King Company, L.L.C..

$1,399,000
2063929 MLS ⋅ ACTIVE Status
ICONIC LACEY COMMERCIAL PROPERTY - Three separate buildings. Lacey Shoe Repair in the main building with an amazing 2BR residential remodeled unit above. Another Large Separate Building in front with current tenants (with 2 car garage), and a stand alone Small House behind with cute yard. Monthly income of $7,500 (and another space currently unrented, which could get another ~$2,000/month). Many development possibilities at this high traffic exposure corner!

4221 Pacific Avenue SE, Lacey

Listing courtesy of RE/MAX Parkside Affiliates.

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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