1608 Ruddell Rd SE Lacey, WA 98503
Central Lacey NeighborhoodEstimated payment $18,338/month
Highlights
- 0.98 Acre Lot
- No HOA
- Baseboard Heating
- Engineered Wood Flooring
- Forced Air Heating System
- Wood Siding
About This Home
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, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2398692
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 0.98 Acre Lot
- 43800000200,43800000300
- Property is in good condition
Home Design
- Slab Foundation
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 12,424 Sq Ft Home
- 2-Story Property
Flooring
- Engineered Wood
- Carpet
Bedrooms and Bathrooms
- 23 Bedrooms
- 19 Bathrooms
Parking
- 29 Parking Spaces
- 4 Covered Spaces
- Open Parking
Schools
- Mountain View Elementary School
- Chinook Mid Middle School
- North Thurston High School
Utilities
- Forced Air Heating System
- Heat Pump System
- Baseboard Heating
Community Details
- No Home Owners Association
- Lacey Subdivision
Listing and Financial Details
- Assessor Parcel Number 43800000100
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $2,800,000 | -- | $225 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2398692
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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
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