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Central Lacey Multifamily Homes & Duplexes for Sale

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  • /30

    $695,000

    • 4 Beds
    • 2 Baths
    • 1,192 Sq Ft

    4514 22nd Ave SE, Olympia, WA 98503

    Fully REMODELED Duplex. LACEY WILL ALLOW ADDITIONAL UNIT(s) to be built, potentially making this a 4 plex! Everything has been updated: New roof; new paint; new kitchens; new bathrooms; flooring; doors; millwork; cabinets; appliances; hot water tanks and more. Vinyl windows. Easy to maintain Vinyl Plank flooring with tile in the bathrooms. Complete new bathrooms and kitchens. WASHER and DRYER

    Mike Erdahl Abbey Realty Inc

    4514 22nd Ave SE, Olympia, WA 98503
  • /20

    $2,800,000

    • 12,424 Sq Ft

    1608 Ruddell Rd SE, Lacey, WA 98503

    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,

    Brian Shin TS Property Management

    1608 Ruddell Rd SE, Lacey, WA 98503

Why Live in Central Lacey

Central Lacey features natural landscapes and a suburban vibe, enriched by numerous community events and cultural gatherings. Saint Martin's University is central to the neighborhood, hosting events like the Lacey Spring Fun Fair at St. Martin’s Park, which includes carnival rides, live performances, and a car show. Huntamer Park offers a serene setting for picnics and leisurely walks, and transforms into an outdoor music venue for the Lacey in Tune summer concert series. Lacey Depot Park and Wonderwood Park also host events like the Night Market at the Depot and the Earth Day Work Party. For outdoor enthusiasts, Chambers Lake Trailhead Park and Lake Lois Habitat Reserve provide trails, wildlife watching, and scenic views. Retail and dining options are concentrated along Sleater Kinney Road SE and Pacific Avenue SE, featuring chains like Target and local eateries such as Mayan Family Mexican Restaurant and Safura's. Coffee lovers frequent Fog & Fern Coffee House and Cutters Point Coffee, while Pints & Quarts offers a casual pub atmosphere. Ricardo's Kitchen + Bar provides an upscale dining experience with Italian-accented cuisine. The neighborhood consists mostly of midcentury homes, including ramblers and split levels, with additional homes built from the 1980s through the 2000s. These homes range from 1,000 to 1,800 square feet, with some larger properties. Education in Central Lacey is served by Mountain View Elementary, Chinook Middle School, and North Thurston High School, all of which receive good ratings. Commuting is facilitated by fare-free Intercity Transit bus stops and proximity to Interstate 5.

Home Trends in Central Lacey, WA

Housing Trends

Median Sale Price
$439,900
Median Single Family Sale Price
$440,000
Median Townhouse Sale Price
$284,950
Average Price Per Sq Ft
$330
Number of Homes for Sale
14
Last 12 months Home Sales
91
Months of Supply
1.80
Median List Price
$445,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%
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