Rare opportunity in Lacey—two detached single-family homes on one lot, each with its own charm and privacy. Both homes are currently rented, offering consistent occupancy and strong cash flow with an estimated 6.3% cap rate. One tenant is long-term, adding stability to this solid income-producing property. Located in a desirable area close to amenities, this is a smart addition to any investor’s portfolio. Whether you're growing your rental holdings or seeking a low-maintenance investment, this unique setup delivers dependable returns in a high-demand market.
Active
Listed by:
Noe Quezada,
BHGRE - Northwest Home Team,
Palmer Higa,
BHGRE - Northwest Home Team
$649,950
4409 4411 21st Court SE, Lacey, WA 98503
8beds
3baths
2,448sqft
Est.:
Duplex
Built in 1962
-- sqft lot
$641,100 Zestimate®
$266/sqft
$-- HOA
What's special
Detached single-family homes
- 83 days
- on Zillow |
- 404 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: June 30, 2025 at 11:33am
Listed by:
Noe Quezada,
BHGRE - Northwest Home Team,
Palmer Higa,
BHGRE - Northwest Home Team
Source: NWMLS,MLS#: 2378337

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Electric
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,448
- Total interior livable area: 2,448 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Uncovered spaces: 6
Lot
- Size: 8,637.95 Square Feet
- Features: Dead End Street, Paved, Cable TV, Fenced-Partially, High Speed Internet
Details
- Parcel number: 43350001200
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Metal/Vinyl, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1962
- Major remodel year: 1962
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Lacey
- Water: Public, Company: City of Lacey
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $266/sqft
- Annual tax amount: $5,151
- Date on market: 5/20/2025
- Listing terms: Cash Out,Conventional,FHA,VA Loan
- Cumulative days on market: 84 days
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