Courtesy: eXp Realty
206-829-9154
Chris Gurnee
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 lotsWashington 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.
Courtesy: Blue Summit Realty LLC
360-688-4073
Brian Dermanoski
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.
Courtesy: Blue Summit Realty LLC
360-688-4073
Brian Dermanoski
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.
Courtesy: MLS4owners.com
253-460-1900
Chris Nye
Fantastic duplex in Lacey. MOVE IN READY! LIVE IN ONE SIDE AND RENT OUT THE OTHER! Side B is currently vacant. Each side offers 1300+ sf 3 bedrooms 2.5 bathrooms and a one car garage. Built in 2003 and freshly renovated in 2024. Numerous updates throughout BOTH SIDES of the homes include newer roof, new paint (inside and out), luxury vinyl flooring, kitchen and bathroom tiling, updated light fixtures, new back decks, covered front porches and DUCTLESS MINI SPLIT SYSTEMS ON BOTH SIDES. Open kitchen concept with plenty of cabinet, counter and pantry space as well as clean appliances. All appliances stay. Off the kitchen is the dining room with newly installed rubbed bronze ceiling fan, and access to a fully fenced back yard with a new deck for entertaining. Just steps away from the other side of the kitchen you will find the laundry room (with washer and dryer) which leads directly to the oversized 1 car garage. Upstairs are the 3 bedrooms, with 2 full bathrooms. Master bedroom has en-suite bath, big linen closet, tons of natural light, beautiful celling fan, and a roomy walk in closet. Multiple bright and open bedrooms allow for a in-home office, or in-home gym. The current rent being charged FOR SIDE A is $2280.00 a month. Leased through 16 Dec 26. Great central location minutes from JBLM. Near all Lacey amenities and easy freeway access.
Courtesy: Realty One Group Bold
360-634-8600
Tucker Stanley
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!
Courtesy: Redfin
360-558-3945
Tarah Yurovchak
Fantastic opportunity to own a well-maintained duplex in Lacey with a strong rental history. Add to your investment portfolio or live in one side and rent the other. Each two-story unit features 3 bedrooms & 1.5 baths. Main floor living space w .5 bath, upstairs hosts bedrooms/full bath. Both units have large fenced yards, in-unit washer and dryer, a private single-car garage, and driveway parking. Ideally located, this property offers convenient access to shops, restaurants, schools, parks and freeway access. New Septic, Pumping Station & Drain field. New Hardie Plank Siding and Exterior Paint in 2023.
Courtesy: Van Dorm Realty, Inc.
360-943-3800
Beatrice Scott
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)
Courtesy: Networks Real Estate LLC
360-528-5000
Margo Street
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.
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Lacey is located in Washington. Lacey, Washington has a population of 52,572. Lacey is more family-centric than the surrounding county with 31.74% of the households containing married families with children. The county average for households married with children is 31.46%.
The median household income in Lacey, Washington is $75,059. The median household income for the surrounding county is $81,501 compared to the national median of $69,021. The median age of people living in Lacey is 37.1 years.
The average high temperature in July is 76.8 degrees, with an average low temperature in January of 35 degrees. The average rainfall is approximately 48.9 inches per year, with 6.1 inches of snow per year.
