Lacey, WA 98053 1608 Ruddell Road SE
$2,800,000
15 more
Presented By: TS Property Management and NWMLS
- MLS# 2398692
- 06/26/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 12,424
Home Details
Rare add-value multifamily investment opportunity in Lacey! This well-maintained portfolio includes 3 tax parcels with 13 total units: one parcel features a single-family home and a 4-plex, while the other two parcels each include a 4-plex. All units are fully occupied with strong rental history. Conveniently located near I-5, JBLM, shopping, and schools. Great mix of unit types, stable income, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.
Presented By: TS Property Management and NWMLS
Interior Features for 1608 Ruddell Road SE
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringEngineered Hardwood, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 1608 Ruddell Road SE
AmenitiesCoin Op Laundry, Storage
Building Area UnitsSquare Feet
Cap Rate
Carport Spaces
Carport Y/NNo
CityLacey
CoolingNone
CountyThurston
DirectionsFrom I-5, take Exit 109. Head west on Martin Way, turn left on College St, then left on Lacey Blvd. Turn right on Judd St SE. Property is on the right at 1608 Judd St SE.
Electric Expense
Elementary SchoolMountain View Elementary
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Forced Air, Heat Pump
High SchoolNorth Thurston High
High School DistrictNorth Thurston
Insurance Expense
Leasable Area11926
Listing TermsCash Out
Living Area UnitsSquare Feet
Lot Size Square Feet42767
Lot Size UnitsSquare Feet
MLS Area450 – Lacey
Middle/Junior High SchoolChinook Mid
ModificationTimestamp2025-08-11T11:50:10.292Z
NWM_ShowMapLinkY
Net Operating Income0
New ConstructionNo
Number Of Units Total13
Open Parking Spaces25
PossessionClosing
Property ConditionGood
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare 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
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameLacey
Tax Annual Amount0
Tax Year2025
Units Below Gradefalse
Units In Building Total13
Water CompanyCity of Lacey
Water Sewer Garbage0
Year Built1978
Exterior for 1608 Ruddell Road SE
Building Area Total12424
Covered Spaces4
Exterior AmenitiesWood
Foundation DetailsPoured Concrete, Slab
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.9818
Parking Uncovered Spaces25
Total Parking29
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
North Thurston High
Middle School
Chinook Mid
Elementary School
Mountain View Elementary
Josh QA1
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