Listed by Networks Real Estate LLC
$770,000

1420 Magnolia St SE Lacey, WA 98503

Central Lacey Neighborhood

Estimated payment $4,785/month

Total Views 161
8 Beds
5 Baths
3,376 Sq Ft
$228 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • Property is in very good condition
  • Territorial View
  • Forced Air Heating System
  • Partially Fenced Property

About This Home

WOW...JUST WOW. KILLER TRIPLEX IN QUIET NEIGHBORHOOD. TURN KEY AND READY TO GO FOR YOU TO LIVE IN THE HOUSE AND RENT THE OTHER TWO UNITS AND LIVE PRACTICALLY FREE. One unit is basically a house...with 4 bedrooms and two baths and 1900 SF. Recent kitchen, baths and flooring updates plus fresh interior paint. 3 bedroom unit is almost 1100 SF and has been completely gutted and redone. Beautiful new kitchen with granite counters and new appliances. Spacious bathroom with washer/dryer hookup. 2 generous sized rooms plus 1 smaller office sized bedroom. 1 bedroom unit features largo open living/dining/kitchen with stackable washer/dryer. Bedroom has full bath off of bedroom. Multiple storage units. Tons of room to add additional covered parking.

Listing Agent

Peter Henry

Networks Real Estate LLC License #47516 Listed on: 08/18/2025

Networks Real Estate LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2420842

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,067

Year Built

  • Built in 1956

Lot Details

  • 0.38 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 3,376 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Central Lacey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11820243400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,067

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1956
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3376
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 4

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Metal/Vinyl, Wood
  • Exterior Features: Metal/Vinyl, Wood, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • WaterCompany: CITY OF LACEY
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston

Lot Info

  • Parcel Number: 11820243400
  • Lot Size Acres: 0.38
  • Lot Size Sq Ft: 16553
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings
  • MLSLotSizeSource: COUNTY RECORD
  • MLSSquareFootageSource: COUNTY RECORD
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 6140

Multi Family

  • Gross Scheduled Income: 73680
  • Net Operating Income: 64463
  • Number Of Units Total: 3
  • Insurance Expense: 2150
  • Leasable Area: 3376
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 7067

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/18/2025 08/18/25 For Sale $770,000 +92.0% $228 / Sq Ft
02/07/2025 02/07/25 Sold $401,000 +11.4% $119 / Sq Ft
01/15/2025 01/15/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $360,000 -- $107 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Similar Homes in the area

  • 4409 4411 21st Ct SE, Olympia, WA 98503

    $649,950

    • 8 Beds
    • 4 Baths
    • 2,448 Sq Ft
    • 4409 4411 21st Ct SE
    • Olympia, WA

    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

    Noe Quezada BHGRE - Northwest Home Team

    Section Image
  • 8024 N Bicentennial Loop SE, Olympia, WA 98503

    $830,000

    • 8 Beds
    • 4 Baths
    • 3,648 Sq Ft
    • 8024 N Bicentennial Loop SE
    • Olympia, WA

    Great investment opportunity! Sitting on just over 3/4 of an acre, this 4plex offers two units upstairs and two downstairs. Each unit has 2 bedrooms, 1 bathroom, a dining room, a kitchen and a large balcony or patio with a storage closet. There is a carport with 4 stalls and 4 additional parking spaces. Mature landscaping gives off a park like setting, while being very close to shopping.

    Lisa Kirk St Clair Realty

    Section Image
See All Homes in Lacey

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2420842

Northwest Multiple Listing Service (NWMLS)
Washington Thurston County Lacey 98503 Central Lacey

1420 Magnolia St SE, Lacey, WA

This home is located at 1420 Magnolia St SE, Lacey, WA 98503 and is currently priced at $770,000, approximately $228 per square foot. This property was built in 1956. 1420 Magnolia St SE is a home located in Thurston County with nearby schools including Mountain View 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Peter Henry
Listing Agent
Peter Henry
Section Image
Networks Real Estate LLC
(360) 472-4419