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  • Listed by: 

    Brian (Seung) Shin,

    TS Property Management

    $2,800,000

    1608 Ruddell Road SE, Lacey, WA 98053

    --beds
    --baths
    12,424sqft
    : 
    Multi Family
    Built in 1978
    -- sqft lot
    $2,666,500 Zestimate®
    $225/sqft
    $-- HOA

    What's special

    Single-family home
    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.
    40 days
    on Zillow
    |
    138
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 30, 2025 at 01:56pm

    Listed by:

    Brian (Seung) Shin,

    TS Property Management

    Source: NWMLS,MLS#: 2398692MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1608 Ruddell Road SE.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Heating
    • Baseboard, Forced Air, Heat Pump, Electric
    Cooling
    • None
    Features
    • Flooring: Engineered Hardwood, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 12,424
    • Total interior livable area: 12,424 sqft

    Property

    Parking
    • Total spaces: 29
    • Parking features: Open
    • Covered spaces: 4
    • Uncovered spaces: 25
    Lot
    • Size: 0.98 Acres
    • Features: Paved, Sidewalk
    Details
    • Parcel number: 43800000100
    • Zoning description: Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Siding
    • Foundation: Poured Concrete, Slab
    • Roof: Composition
    Condition
    • Good
    • Year built: 1978
    • Major remodel year: 1986

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Sewer Connected, Company: City of Lacey
    • Water: Public, Company: City of Lacey
    • Utilities for property: Xfinity, Xfinity

    Community & HOA

    Community
    • Subdivision: Lacey
    Location
    • Region: Lacey

    Financial & listing details

    • Price per square foot: $225/sqft
    • Date on market: 7/25/2025
    • Listing terms: Cash Out
    • Cumulative days on market: 13 days
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