Listed by eXp Realty
$629,900

5649 45th Ave SE Lacey, WA 98503

Horizons Neighborhood

Estimated payment $3,861/month

Total Views 2,387
6 Beds
4 Baths
2,360 Sq Ft
$267 Price per Sq Ft

Highlights

  • 0.38 Acre Lot
  • Corner Lot
  • Cul-De-Sac
  • Timberline High School Rated A-
  • No HOA
  • 5-minute walk to Rainier Vista Community Park

About This Home

Welcome to a unique and lucrative opportunity for investors, developers, or owner-occupants seeking strong cash flow potential and future development upside. This remodeled duplex sits on a generous .38 acre lot, offering both turn-key living and the ability to expand and maximize value. With a use code that allows for 2-4 units and an 18 bedroom septic, this property presents the rare chance to earn immediate rental income while planning your next high-return investment move. Each side of the stylish and spacious duplex has been remodeled to deliver modern comfort and timeless appeal. Both Unit A and Unit B feature 3 bedrooms and 1.5 bathrooms, offering functional layouts ideal for tenants or owner-users. Owner is a licensed agent.

Listing Agent

Haley Connor

eXp Realty License #23003070 Listed on: 07/17/2025

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2409433

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,234

Year Built

  • Built in 1977

Lot Details

  • 0.38 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,360 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Lacey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11833130203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,234

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2360
  • SOCComments: Thank you for your hard work!
  • Special Features: None

Interior Features

  • Possible Bedrooms: 18
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Cul-De-Sac, Dead End Street
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Ductless
  • Heating Yn: Yes
  • PowerCompany: PSE
  • WaterCompany: City of Lacey
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston

Lot Info

  • Parcel Number: 11833130203
  • Lot Size Acres: 0.38
  • Lot Size Sq Ft: 16553
  • Irrigation Water Rights: No
  • ShowMapLink: false
  • SiteFeatures: Fenced-Partially,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: County Records
  • MLSSquareFootageSource: County Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.16
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 56400
  • Net Operating Income: 45013
  • Number Of Units Total: 2
  • Insurance Expense: 2205
  • Leasable Area: 2360
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 7

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5234

Range of Values:

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Average Value
Not Available
List Price
Sold Price

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax 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. Land Improvement
2024 $5,004 $503,800 $247,400 $256,400
2023 $5,004 $523,400 $262,300 $261,100
2022 $3,683 $400,500 $184,900 $215,600
2021 $3,551 $316,400 $142,400 $174,000
2020 $3,373 $284,200 $91,500 $192,700
2019 $2,756 $280,500 $121,800 $158,700
2018 $3,107 $231,400 $96,700 $134,700
2017 $2,527 $198,100 $67,400 $130,700
2016 $1,979 $163,050 $47,750 $115,300
2014 -- $151,150 $52,250 $98,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $629,900 -- $267 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $575,000 Chicago Title
Interfamily Deed Transfer -- Transnation Title Insur
Warranty Deed $119,500 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $546,250 New Conventional
Previous Owner $147,000 Fannie Mae Freddie Mac
Previous Owner $40,000 Credit Line Revolving
Previous Owner $144,000 Unknown
Previous Owner $107,550 No Value Available
Source: Public Records

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See All Homes in Lacey

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2409433

Northwest Multiple Listing Service (NWMLS)

APN: 11833130203

Washington Thurston County Lacey 98503 Horizons

5649 45th Ave SE, Lacey, WA

This home is located at 5649 45th Ave SE, Lacey, WA 98503 and is currently priced at $629,900, approximately $266 per square foot. This property was built in 1977. 5649 45th Ave SE is a home located in Thurston County with nearby schools including Lakes Elementary School, Komachin Middle School, and Timberline High School.

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Based on information submitted to the MLS GRID

Nearby Homes
Listing Agent
Haley Connor
Section Image
eXp Realty
(888) 317-5197