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.
Active
Listed by:
Brian (Seung) Shin,
TS Property Management
$2,800,000
1608 Ruddell Road SE, Lacey, WA 98053
--beds
--baths
12,424sqft
Est.:
Multi Family
Built in 1978
-- sqft lot
$2,666,500 Zestimate®
$225/sqft
$-- HOA
What's special
Single-family home
- 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#: 2398692

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
- Loading
- Loading