NOT LISTED FOR SALE

8040 3rd Ave SE Lacey, WA 98503

3 Beds
2 Baths
13,120 Sq Ft
1.32 Acres

Last Sold May 03, 2021

Last sale price $2,575,000 $196 Per Sq Ft

8 Days on Market

About This Home

As of May 2021

Hawks Prairie Apartments is a meticulously maintained 16-Unit Apartment community ideally located in Lacey, Washington. Hawks Prairie consists of (8) 1 bed/1 bath units, approximately 700 SF each and (8) 2 bed/1.25 bath units, approximately 850 SF each, all with open concept floor plans and walk in closets. There is immediate upside potential in rental income, and owner is not currently charging for utilities. The location is quiet and tranquil, yet walking distance to shopping and dining.

Last Agent to Sell the Property

Pat Suarez

Urban Commercial Partners, LLC License #17191 Listed on: 03/01/2021

Last Buyer's Agent

Pat Suarez

Urban Commercial Partners, LLC License #17191 Listed on: 03/01/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1736304

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,729

Year Built

  • Built in 1984

Lot Details

  • 1.32

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Parking

  • 32 Parking Spaces
  • Open Parking

Additional Features

  • 2-Story Property
  • 1.32 Acre Lot
  • Septic Tank

Community Details

  • Lacey Subdivision

Listing and Financial Details

  • Assessor Parcel Number 34570007200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,729

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1984
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 16
  • Carport Y N: No
  • Open Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 32
  • ParkingUncoveredSpaces: 16

Utilities

  • Sewer: Septic Tank
  • Cooling Y N: No
  • Heating Yn: No
  • WaterSewerGarbage: 8036

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olympia

Lot Info

  • Parcel Number: 34570007200
  • Lot Size Acres: 1.32
  • Lot Size Sq Ft: 57499
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 16811

Multi Family

  • Gross Scheduled Income: 201727
  • Net Operating Income: 126474
  • Number Of Units Total: 2
  • Insurance Expense: 5933
  • Leasable Area: 12400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 18729

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
05/03/2021 05/03/21 Sold $2,575,000 +1.0% $196 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $2,550,000 -- $194 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pat Suarez

    Seller's Agent in 2021

    Pat Suarez

    Urban Commercial Partners, LLC

    (206) 226-6200

    17 Total Sales

    Pat Suarez
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1736304

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

8040 3rd Ave SE, Lacey, WA

This home is located at 8040 3rd Ave SE, Lacey, WA 98503 since 01 March 2021. This property was built in 1984. 8040 3rd Ave SE is a home located in Thurston County with nearby schools including Lydia Hawk Elementary School, Nisqually Middle School, and River Ridge 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

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