Listed by Brian Shin, TS Property Management
- 12,424
- Square feet
- $213
- Per sq ft
- Multi Family
- Type
- 1978
- Year built
- 42,767 sq ft
- Lot
- 102
- Days on market
About this property
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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2501659
- Listed
- April 2, 2026
- Days on market
- 102
- Price per sq ft
- $213
Unit & building
- Stories in building
- 2
- Units in building
- 13
Parking
- Total spaces
- 25
Construction
- Year built
- 1978
- Style
- 56 - 10+ Units
- Structure
- Multi Family
- Roof
- Composition
Heating & cooling
- Heating
- BaseboardForced AirHeat Pump
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- Engineered HardwoodCarpet
Lot
- Lot features
- PavedSidewalk
- Lot size
- 42,767 sq ft
Terms
- Terms offered
- Cash
Utilities
- Water
- City of Lacey
- Sewer
- City of Lacey
- Power
- PSE
Schools
- District
- North Thurston
- Elementary
- Mountain View Elementary
- Middle
- Chinook Mid
- High
- North Thurston High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Multi Family
- Composition
- Baseboard
- Forced Air
- Heat Pump
- None
- Electric
- Engineered Hardwood
- Carpet
- Paved
- Sidewalk
- Cash
Listing history
Listed
$2,650,000
April 2, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$15,432
- Principal & interest
- $13,400
- Property tax (est.)
- $2,032
Assumes $530,000 down (20%), a $2,120,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Similar nearby listings
Based on information submitted to the MLS GRID as of July 14, 2026 at 1:45 AM PDT. 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.