Lacey, WA 98503 5649 45Th Avenue SE
$629,900
OPEN HOUSE Sun, Sep 28 2025 11:00 AM – 01:00 PM
34 more
Presented By: eXp Realty and NWMLS
- MLS# 2409433
- 07/17/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,360
Home Details
Welcome to a unique and lucrative opportunity for investors, developers, or owner-occupants seeking strong cash flow potential and future development upside. This remodeled duplex sits on a generous .38 acre lot, offering both turn-key living and the ability to expand and maximize value. With a use code that allows for 2-4 units and an 18 bedroom septic, this property presents the rare chance to earn immediate rental income while planning your next high-return investment move. Each side of the stylish and spacious duplex has been remodeled to deliver modern comfort and timeless appeal. Both Unit A and Unit B feature 3 bedrooms and 1.5 bathrooms, offering functional layouts ideal for tenants or owner-users. Owner is a licensed agent.
Presented By: eXp Realty and NWMLS
Interior Features for 5649 45Th Avenue SE
Bedrooms
Bedrooms Possible18
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 5649 45Th Avenue SE
Building Area UnitsSquare Feet
Cap Rate7
Carport Spaces
Carport Y/NNo
CityLacey
CoolingDuctless
CountyThurston
DirectionsGPS Works
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Ductless
High School DistrictNorth Thurston
Insurance Expense2205
Leasable Area2360
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet16553
Lot Size UnitsSquare Feet
MLS Area450 – Lacey
ModificationTimestamp2025-09-19T16:39:12.306Z
NWM_ShowMapLinkN
Net Operating Income45013
New ConstructionNo
Number Of Units Total2
Open Parking Spaces4
PossessionClosing, Subject to Tenant Rights
Property ConditionUpdated/Remodeled
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWelcome to a unique and lucrative opportunity for investors, developers, or owner-occupants seeking strong cash flow potential and future development upside. This remodeled duplex sits on a generous .
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameLacey
Tax Annual Amount5234
Tax Year2025
Units Below Gradefalse
Units In Building Total2
Water CompanyCity of Lacey
Water Sewer Garbage0
Year Built1977
Exterior for 5649 45Th Avenue SE
Building Area Total2360
Covered Spaces2
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Cul-De-Sac, Dead End Street
Lot Size Acres0.38
Parking Uncovered Spaces4
Site FeaturesFenced-Partially, High Speed Internet, Outbuildings, Patio
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®