$1,795,000
7235 20th Ave SE, Lacey, WA 98503
Long Lake Luxury +Passive Income = Dream Waterfront Setup! Over 6500sqft & flex layouts to use as 1, 2 or 3 units. Airbnb with private entrance, stays furnished & grossed $25K last yr without summer bookings! Unit A has main floor primary 3BR + den, gym-ready basement and sauna. Unit B can stay whole or split again. All have waterproof luxury vinyl plank throughout, quartz counters, separate
Jami Downing Abbey Realty Inc
$599,000
4435 Ruddell Rd SE, Lacey, WA 98503
Fantastic investment opportunity with this remodeled duplex. Both units clean, vacant, and move-in ready. Live in one unit and offset your mortgage, or capitalize on this turnkey investment by renting both sides. New laminate flooring, counters, paint & light fixtures. Interior laundry rooms. Both units offer rear patios with large fenced yards. Full-size one-car garages. Vinyl windows with a new
Lisa Quaade Vanguard Realty
$587,000
6102 Glen Mary Ln SE Unit A/B, Lacey, WA 98503
Enjoy the perfect Duplex investment across from Homann Park and close to the college, hospital, malls. Have an owner occupied side with adjacent rental included in your portfolio or of course the rental opportunity of a 2 unit duplex in this high demand area. One side has been remodeled of recent and is ready for occupancy. The second side is equally well cared for with dependable long-term
Gary Davidson Windermere Real Estate Whatcom
$589,990
6011 Mullen Rd SE Unit A & B, Lacey, WA 98503
Opportunity is knocking! Investors looking for a great rental property or Owner Occupancy Shoppers! This duplex has been very well cared for and very well maintained. Approximately 3 years ago, both units have had new floor coverings installed, New Kitchen Countertops; Complete remodel of both bathrooms, All new interior paint, All new thermopane exterior windows, Crawl Space professionally
Scot Nicholson John L. Scott Dupont
$629,000
6923 20th Ave SE Unit 1, Lacey, WA 98503
Fully Renovated Duplex with Lake Access – High ROI & Modern Upgrades A dream duplex or ideal house opportunity! This beautifully renovated duplex provides modern comfort, smart upgrades, and lake access — all in a high-demand location near Long Lake Park and highly rated schools. ?? Property Features: Two fully updated 2 bed / 1.5 bath units – approx. 1,000 sq ft each New solid flooring, fresh
Alexis Martz TRELORA Realty, Inc.
$650,000
9041 Steilacoom Rd SE, Olympia, WA 98513
Fantastic investment opportunity in Olympia! This well-maintained duplex features two spacious 3-bedroom, 2-bathroom units, each offering comfortable living and thoughtful updates. Enjoy cozy evenings by the fireplace, fresh interior paint throughout! Unit B also has new flooring including vinyl planking and carpet. The property boasts a large yard—perfect for outdoor living—and plenty of parking
Bird Bethje Riley Jackson Real Estate Inc.
$550,000
1414 Hensley St NE Unit 1412, Olympia, WA 98516
Attention Investors: Nice duplex near city of Lacey amenities within walking distance to groceries, restaurants and bigger shopping center. This duplex is located at the end street offering privacy. Spacious fenced backyard with some trees. Nice responsible and established tenants who wish to stay. A well-maintained single-story duplex, each unit offers 2-beds, 1-bath, utility room with washer
Margo Street Networks Real Estate LLC
Lacey's extensive network of parks and trails creates an active, nature-focused lifestyle just 60 miles south of Seattle. The Lacey-Thurston County Regional Athletic Complex features multiple sports fields and walking trails, while Woodland Creek Community Park serves as a community hub with Long's Pond and miles of scenic paths. The Nisqually National Wildlife Refuge provides exceptional birdwatching along the river delta. Residents enjoy swimming and volleyball at Long Lake Park, plus summer concerts at Huntamer Park downtown. The Karen Fraser Woodland Trail connects neighborhoods through lush Pacific Northwest forests.
The real estate landscape in Lacey includes diverse options across distinct neighborhoods. Single-family homes comprise the primary housing stock, with a median price of $530,000. The Hawks Prairie area commands a median single-family home price of $565,000, while Indian Summer reaches $777,500. Townhomes have a median price of $390,000, and two-bedroom condos typically sell for $320,000. The overall median sale price in Lacey is $515,000.
Homeowners benefit from Washington's lack of state income tax, except for capital gains which are taxed at 7%. The effective property tax rate in Thurston County is 0.9%. The combined sales tax rate reaches 9.43%. Top-rated schools include NOVA Middle School and Pope John Paul II High School. Saint Martin's University adds a collegiate presence. Joint Base Lewis-McChord lies 15 miles north, making Lacey popular with military families. The mild climate sees summer temperatures between 75-80°F and winter temperatures from 35-45°F, with 50 inches of annual rainfall primarily between October and April.
On average, homes in Lacey, WA sell after 34 days on the market compared to the national average of 53 days. The median sale price for homes in Lacey, WA over the last 12 months is $510,250, up 2% from the median home sale price over the previous 12 months.
Lacey buyers often look for suburban comfort, outdoor access, and eco-conscious features—especially near Hawks Prairie and Jubilee.
In Lacey, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $550,000 to $1,795,000, there's a range to accomodate every budget. As of December, 2025 the median home price in Lacey is $525,000, while the average sale price is $538,239, offering insights into the local housing market. On average, multi-family homes spend 34 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Lacey, WA.
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