1608 Ruddell Road SE, Lacey, WA, 98503
23beds
15baths
12,424sqft
$2,650,000
$213price/sqft
$16,725/moest. monthly cost
$669,000/yrincome needed
About This Home
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.
Getting Around
66
Somewhat Walkable46
Some Transit51
BikeableSchools
5/10
5/10
6/10
Construction
Condition
- Property condition: Good
- Year built: 1978
Materials
- Foundation: Poured Concrete,Slab
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1986
Type & Style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 23
- Bathrooms: 15
Features
- Flooring: Engineered Hardwood,Carpet
Heating & Cooling
- Heating features: Baseboard,Forced Air,Heat Pump,Electric
- Cooling features: None
Interior Area
- Total structure area: 12,424
- Total interior livable area: 12,424 sqft
Property
Details
- Parcel number: 43800000100
- Zoning description: Jurisdiction: City
- Special condition: Standard
Lot
- Lot size: 0.98 Acres
- Features: Paved,Sidewalk
Parking
- Total spaces: 25
- Parking features: Garage
- Attached garage spaces: 4
- Covered spaces: 4
- Uncovered spaces: 25