Lacey, WA 98503 4409 4411 21st Court SE
$649,950
Pending
4 more
Presented By: BHGRE – Northwest Home Team and NWMLS
- MLS# 2378337
- 05/20/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,448
Home Details
Rare opportunity in Lacey—two detached single-family homes on one lot, each with its own charm and privacy. Both homes are currently rented, offering consistent occupancy and strong cash flow with an estimated 6.3% cap rate. One tenant is long-term, adding stability to this solid income-producing property. Located in a desirable area close to amenities, this is a smart addition to any investor’s portfolio. Whether you’re growing your rental holdings or seeking a low-maintenance investment, this unique setup delivers dependable returns in a high-demand market.
Presented By: BHGRE – Northwest Home Team and NWMLS
Interior Features for 4409 4411 21st Court SE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 4409 4411 21st Court SE
Building Area UnitsSquare Feet
Cap Rate6.3
Carport Spaces
Carport Y/NNo
CityLacey
CoolingNone
CountyThurston
DirectionsFrom I-5, take Exit 109, go south on College St SE, turn right on 22nd Ave SE, right on Golf Club Rd SE, then right on 21st Ct SE. Home is on the right.
Electric Expense
Elementary SchoolMountain View Elementary
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolNorth Thurston High
High School DistrictNorth Thurston
Insurance Expense2100
Leasable Area2448
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet8640
Lot Size UnitsSquare Feet
MLS Area450 – Lacey
Middle/Junior High SchoolKomachin Mid
ModificationTimestamp2025-09-03T20:55:11.783Z
NWM_ShowMapLinkY
Net Operating Income41000
New ConstructionNo
Number Of Units Total2
Open Parking Spaces6
PossessionClosing, Negotiable
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare opportunity in Laceytwo detached single-family homes on one lot, each with its own charm and privacy. Both homes are currently rented, offering consistent occupancy and strong cash flow with an es
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeDuplex
Subdivision NameLacey
Tax Annual Amount5151.2
Tax Year2024
Units Below Gradefalse
Units In Building Total2
Water CompanyCity of Lacey
Water Sewer Garbage0
Year Built1962
Exterior for 4409 4411 21st Court SE
Building Area Total2448
Covered Spaces
Exterior AmenitiesMetal/Vinyl, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesDead End Street, Paved
Lot Size Acres0.1983
Parking Uncovered Spaces6
Site FeaturesCable TV, Fenced-Partially, High Speed Internet
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
North Thurston High
Middle School
Komachin Mid
Elementary School
Mountain View Elementary
Josh QA1
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