Lacey, WA 98516 4511 15th Avenue NE
$515,000
0 more
Presented By: Better Properties NW and NWMLS
- MLS# 2421084
- 08/15/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,064
Home Details
Well-maintained 2-story duplex featuring 2 Bed / 1.5 Bath per unit. Open kitchen concept with some modern updates completed within the last 7 years. Each unit includes a fully fenced backyard, ideal for privacy or pets. Newer membrane roof offers long-term durability and low maintenance. Both units are currently month-to-month with long-term tenants and strong rental history. Excellent opportunity for investors or owner-occupants. Potential for rent increases or light cosmetic improvements to boost value. Convenient location close to schools, shopping, and I-5.
Presented By: Better Properties NW and NWMLS
Interior Features for 4511 15th Avenue NE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 4511 15th Avenue NE
Building Area UnitsSquare Feet
Cap Rate6.75
Carport Spaces
Carport Y/NNo
CityLacey
CoolingNone
CountyThurston
DirectionsI-5, North on Sleater Kinney Rd NE, Right on 15th Ave NE, Duplex on the Right
Electric Expense
Elementary SchoolPleasant Glade Elem
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolNorth Thurston High
High School DistrictNorth Thurston
Insurance Expense1000
Leasable Area2046
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet6600
Lot Size UnitsSquare Feet
MLS Area447 – Olympia North
Middle/Junior High SchoolChinook Mid
ModificationTimestamp2025-09-16T17:58:10.614Z
NWM_ShowMapLinkY
Net Operating Income35766
New ConstructionNo
Number Of Units Total2
Open Parking Spaces2
PossessionSubject to Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWell-maintained 2-story duplex featuring 2 Bed / 1.5 Bath per unit. Open kitchen concept with some modern updates completed within the last 7 years. Each unit includes a fully fenced backyard, ideal f
RoofFlat
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameOlympia
Tax Annual Amount4802
Tax Year2025
Units Below Gradefalse
Units In Building Total2
Water CompanyCity of Lacey
Water Sewer Garbage0
Year Built1968
Zoning DescriptionMulti-Family
Exterior for 4511 15th Avenue NE
Building Area Total2064
Covered Spaces2
Exterior AmenitiesBrick, Wood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions6600
Lot FeaturesPaved
Lot Size Acres0.1515
Parking Uncovered Spaces2
Site FeaturesFenced-Partially
Total Parking4
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
North Thurston High
Middle School
Chinook Mid
Elementary School
Pleasant Glade Elem
Josh QA1
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