Rare add-value multifamily investment opportunity in Lacey! Features fully occupied 4-plex 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: TS Property Management
$775,000
1701 Ruddell Road SE, Lacey, WA 98053
6beds
4baths
3,088sqft
Est.:
Multi Family
Built in 1973
-- sqft lot
$-- Zestimate®
$251/sqft
$-- HOA
What's special
- 33 days |
- 358 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Brian (Seung) Shin,
TS Property Management
Source: NWMLS as distributed by MLS GRID,MLS#: 2501702
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Baseboard, Forced Air, Heat Pump, Electric
Cooling
- None
Features
- Flooring: Engineered Hardwood, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,088
- Total interior livable area: 3,088 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 8
Lot
- Size: 0.27 Acres
- Features: Paved, Sidewalk
Details
- Parcel number: 43800000300
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete, Slab
- Roof: Composition
Condition
- Good
- Year built: 1973
- Major remodel year: 1979
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: $251/sqft
- Tax assessed value: $673,300
- Annual tax amount: $6,992
- Date on market: 4/1/2026
- Cumulative days on market: 33 days
Estimated market value
Not available
Estimated sales range
Not available
$3,078/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Listed for sale | $775,000$251/sqft |
Source:  NWMLS as distributed by MLS GRID #2501702 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,992 +20.8% | $673,300 +11.1% |
| 2023 | $5,790 -10.6% | $605,800 -11.1% |
| 2022 | $6,480 +19.4% | $681,200 +46% |
| 2021 | $5,425 +9.1% | $466,500 +17.2% |
| 2020 | $4,971 +25.5% | $398,200 +2.2% |
| 2019 | $3,962 +8.4% | $389,700 +7.5% |
| 2018 | $3,656 +23.3% | $362,500 +63.4% |
| 2017 | $2,964 | $221,900 +20.4% |
| 2016 | $2,964 | $184,350 -18.7% |
| 2014 | $2,964 | $226,750 +1.8% |
| 2013 | -- | $222,650 |
| 2012 | $2,518 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,463 | -- |
| 2008 | -- | -- |
| 2007 | $2,450 -36.5% | -- |
| 2006 | $3,860 +72.5% | -- |
| 2005 | $2,237 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,479 -3.8% | $163,800 |
| 2000 | $2,577 | $163,800 |
Find assessor info on the county website
Monthly payment
Est. payment
$4,361/mo
Principal & interest
$3838
Property taxes
$523
More affordability tools
Climate risks
Neighborhood: 98503
Nearby schools
GreatSchools rating
- 5/10Mountain View Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 1.6 mi
- 6/10North Thurston High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Mountain View Elementary
- Middle: Chinook Mid
- High: North Thurston High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Washington
- Thurston County
- Lacey
- 98503
- 1701 Ruddell Road SE
Nearby cities
Nearby zip codes
Other Lacey Topics
