Listed by eXp Realty
$629,900

5649 45th Ave SE Lacey, WA 98503

Horizons Neighborhood

Estimated payment $3,924/month

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

  • 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.

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