Fully Occupied
For Sale
$775,000
1702 Judd St SE, Lacey, WA 98053
Residential income property with established occupancy and convenient access to I-5, JBLM, shopping, and schools.
Property Size2,839 SF
Price / SF$272.98
Days on Market51
Property Features for 1702 Judd St SE
General Information
Standard status
Active
Size
2,839 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1973
Listing Agency:
TS Property Management
Listed By:
Brian Shin
(253) 249-8011
Source:
Nfrrealty
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 9 at 11:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TS Property Management
Investment Insights
Based on property information with market context.
This quadplex contains four residential units within a 3,088-square-foot property built in 1973. The building is fully occupied and includes a mix of unit types, with engineered hardwood and carpet flooring noted among the interior finishes. Electric service is identified for the property.
Located at 1702 Judd Street SE in Lacey, the property offers access to I-5, JBLM, shopping, and schools. Paved surfaces and a sidewalk are listed among the exterior features. The configuration provides an established multifamily asset with existing occupancy and a documented rental history.
Located at 1702 Judd Street SE in Lacey, the property offers access to I-5, JBLM, shopping, and schools. Paved surfaces and a sidewalk are listed among the exterior features. The configuration provides an established multifamily asset with existing occupancy and a documented rental history.
Key Highlights
- Four‑unit residential property with 3,088 SF of building area
- Fully occupied quadplex
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,884
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,680
$957.7K
Cap Rate 7%
$684,057
$684.1K
Cap Rate 9%
$532,044
$532.0K
Market Conditions
NOI Build-Up for 2,839 SF
Gross rent
$72.4K $25.50/SF
− Vacancy
−$4.0K −$1.41/SF
EGI
$68.4K $24.09/SF
− OpEx
−$20.5K −$7.23/SF
NOI
$47.9K $16.87/SF
Area
King County, WA
Vacancy
5.51%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,680
Cap Rate 7%
$684,057
Cap Rate 9%
$532,044
Alternative Uses
Best Use
Multifamily LT 5
$684.1K
$598.6K – $798.1K
NOI $47,884 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$630.4K
$551.6K – $735.5K
NOI $44,127 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.14M
$995.0K – $1.33M
NOI $79,596 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 98053, WA
22,523
Population
8,707
Households
2.6
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
27.7 sq mi
ZIP Area
813
Density / Sq Mi
$179,912
Median Household Income
$117,839
Median Earnings
$2,737
Median Rent
$1,155,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with established occupancy and convenient access to I-5, JBLM, shopping, and schools.
Where is this quadplex located?
The property is located at 1702 Judd St SE Lacey, WA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four‑unit residential property with 3,088 SF of building area; Fully occupied quadplex; Built in 1973
