Listed by Paragon Real Estate Advisors
$1,050,000

1213 Cora St SE Lacey, WA 98503

Central Lacey Neighborhood

Estimated payment $6,448/month

Total Views 1,858
11 Beds
6 Baths
4,315 Sq Ft
$243 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Wood Siding

About This Home

This single-story building offers strong fundamentals with potential for value-add improvements. All six units have been moderately updated over the years, but there remain both operational and renovation opportunities for the next owner. The units feature carpet flooring, formica countertops, white appliances, dishwashers, and double-pane vinyl windows. While these finishes are clean and well-maintained, upgrading to LVP flooring, stainless steel appliances, and quartz countertops could significantly enhance rental income. Each unit includes a private patio and backyard area, along with off-street parking spaces.

Listing Agent

Ben Douglas

Paragon Real Estate Advisors License #22013305

Co-Listing Agent

Michael Urquhart

Paragon Real Estate Advisors License #135356

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2364899

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,180

Year Built

  • Built in 1971

Parking

  • 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 4,315 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Additional Features

  • 0.46 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Lacey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 71550403100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,180

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1971
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4315
  • Special Features: None

Interior Features

  • Total Bedrooms: 11
  • Fireplace: No
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 7290

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston

Lot Info

  • Parcel Number: 71550403100
  • Lot Size Acres: 0.4591
  • Lot Size Sq Ft: 20000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.27
  • LeasedItems: None
  • TotalMonthlyIncome: 7505

Multi Family

  • Gross Scheduled Income: 90060
  • Net Operating Income: 58944
  • Number Of Units Total: 6
  • Insurance Expense: 2375
  • Leasable Area: 4315
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 7180

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 For Sale $1,050,000 -- $243 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2364899

Northwest Multiple Listing Service (NWMLS)

Washington Thurston County Lacey 98503 Central Lacey

1213 Cora St SE, Lacey, WA

Homes for Sale in Lacey, WA

This home is located at 1213 Cora St SE, Lacey, WA 98503 and is currently priced at $1,050,000, approximately $243 per square foot. This property was built in 1971. 1213 Cora St SE is a home located in Thurston County with nearby schools including Pleasant Glade Elementary School, Chinook Middle School, and North Thurston High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

Ben Douglas
Listing Agent
Ben Douglas
Section Image
Paragon Real Estate Advisors
(360) 858-8214