643 School Street SE, Lacey, WA 98503
- $675,000
- 2,600
- SqFt
Listing courtesy of Redfin.
- List Price
- $675,000
- Status
- ACTIVE
- MLS#
- 2472540
- Price Change
- ▼ $7,000 1784954732
- Days on Market
- 177
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,600
- Area Total SqFt
- 2600
- Annual Tax Ammount
- 5785.66
- Lot Size (sq ft)
- 24,335
- Sewer
- Septic Tank
Property Description
Big-ticket improvements are already done! This spacious Lacey duplex features newer Hardie siding, exterior paint, septic system, drain field and pumping station, taking care of several major expenses for the next owner. Each unit offers 3 bedrooms, 1.5 baths, an attached garage, private fenced yard and separate driveway, all situated on a large .56-acre lot. Whether you're looking to add a rental property to your investment portfolio or live in one side and rent the other to help offset your monthly housing costs, this property offers flexibility and long-term potential. The two 3-bedroom units provide strong rental appeal, while the separate yards and garages give each side the feel and privacy of a home. Conveniently located near shopping, schools, parks and I-5. A great opportunity to own a duplex with significant improvements already completed and the ability to add value over time.
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Additional Information
- List Date
- 2026-01-30 15:19:10
- Community
- Lacey
- Net Operating Income
- $20,676
- Gross Adjusted Income
- $12,924
- Gross Scheduled Income
- $18,420
- Total Monthly Income
- $1,535
- Insurance Expenses
- $1,353
- Gross Rent Multiplier
- 20.98
- Total Expenses
- $7,138
- Cap Rate
- 2.93
- Vacancy Rate
- 50
- Total Number of Units
- 2
- Unit Name
- 643
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1993
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Outbuildings, Patio
- Energy Source
- Electric
- School District
- North Thurston
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $1,535
- Gross Scheduled Income
- $18,420
- Vacancy Rate
- 50
- Gross Adjusted Income
- $12,924
- Tax Year
- 2025
- Insurance Expense
- $1,353
- Total Expenses
- $7,138
- Net Operating Income
- $20,676
- Gross Rent Multiplier
- 20.98
- Cap Rate
- 2.93
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.