Listing provided courtesy of TS Property ManagementNWMLSMLS# NWM2501659MLS Provider
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Rare add-value multifamily investment opportunity in Lacey! This well-maintained portfolio includes 3 tax parcels with 13 total units: one parcel features a single-family home and a 4-plex, while the other two parcels each include a 4-plex. All units are fully occupied with strong rental history. Conveniently located near I-5, JBLM, shopping, and schools. Great mix of unit types, stable income, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.

Source: NWMLS, MLS#: NWM2501659

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  • Property Type
    Residential Income
  • Lot
    0.98 acres

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Karen Hamilton

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  • Median Age
    43
  • Population Density
    803
  • College Educated
    77%
  • Estimated Median Income
    $151,525
  • Estimated Total Home Owners
    7,177
  • Estimated Total Renters
    1,395
  • Owner / Renter Divide
    84% / 16%
  • Estimated Average Household Size
    3
  • Total Population
    22,911
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1608 Ruddell Road SE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/2/2026Source: NWMLS Added to Database
April 02, 2026
4/2/2026Source: NWMLS Added to Database
April 02, 2026