Well-maintained 2-story duplex featuring 2 Bed / 1.5 Bath per unit. Open kitchen concept with some modern updates completed within the last 7 years. Each unit includes a fully fenced backyard, ideal for privacy or pets. Newer membrane roof offers long-term durability and low maintenance. Both units are currently month-to-month with long-term tenants and strong rental history. Excellent opportunity for investors or owner-occupants. Potential for rent increases or light cosmetic improvements to boost value. Convenient location close to schools, shopping, and I-5.
Better Properties NWLicense #110296Listed on: 08/15/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2421084
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,802
Year Built
Built in 1968
Lot Details
6,600 Sq Ft Lot
Partially Fenced Property
Property is in good condition
Home Design
Duplex
Flat Roof Shape
Brick Exterior Construction
Poured Concrete
Wood Siding
Interior Spaces
2,064 Sq Ft Home
2-Story Property
Bedrooms and Bathrooms
4 Bedrooms
4 Bathrooms
Parking
4 Parking Spaces
2 Covered Spaces
Open Parking
Schools
Pleasant Glade Elementary School
Chinook Mid Middle School
North Thurston High School
Utilities
Baseboard Heating
Community Details
No Home Owners Association
Olympia Subdivision
Listing and Financial Details
Assessor Parcel Number 62160002801
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,802
Year Built
Built in 1968
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 52 - Duplex
Year Built: 1968
MLS Status: Active
Prev Status: Active
New Construction: No
CalculatedSquareFootage: 2064
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 22
Interior Features
Possible Use: Multi-Family
Total Bedrooms: 4
Fireplace: No
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Exterior Features
Roof: Flat
Lot Features: Paved
View: No
Waterfront: No
Construction Type: Brick, Wood
Exterior Features: Brick, Wood
Foundation Details: Poured Concrete
Property Condition: Good
Structure Type: Duplex
ConstructionMethods: Standard Frame
Garage/Parking
Carport Y N: No
Covered Parking Spaces: 2
Open Parking Spaces: 2
Open Parking: Yes
Total Parking Spaces: 4
ParkingUncoveredSpaces: 2
Utilities
Sewer: Sewer Connected
Security: Partially Fenced
Cooling: None
Cooling Y N: No
Heating: Baseboard
Heating Yn: Yes
SewerCompany: Septic
WaterCompany: City of Lacey
WaterSewerGarbage: 0
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: North Thurston
High School: North Thurston High
Middle Or Junior School: Chinook Mid
Lot Info
Parcel Number: 62160002801
Lot Size Acres: 0.1515
Lot Size: 6600
Lot Size Sq Ft: 6600
Zoning Description: Multi-Family
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Fenced-Partially
MLSLotSizeSource: Public Records
MLSSquareFootageSource: Public Records
ZoningJurisdiction: City
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 0
LeasedItems: None
TotalMonthlyIncome: 42864
Multi Family
Net Operating Income: 35766
Number Of Units Total: 2
Insurance Expense: 1000
Leasable Area: 2046
EnergySource: Electric
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 3
Tax Info
Year: 2025
Tax Annual Amount: 4802
MLS Schools
Elementary School: Pleasant Glade Elem
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
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This home is located at 4511 15th Ave NE, Lacey, WA 98516 and is currently priced at $525,000, approximately $254 per square foot. This property was built in 1968. 4511 15th Ave NE is a home located in Thurston County with nearby schools including Pleasant Glade Elementary School, Chinook Middle School, and North Thurston High School.
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