Residential Income

Lacey, WA Residential Income Properties for Sale

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Duplex with Private Garages
Updated: Aug 10
Duplex with Private Garages

4938 Wilshire Court Se A & B, Lacey, WA 98503

$549,900
1,650 sqft
Two‑unit duplex totaling 1,650 square feet; each residence measures 825 sq ft
Built in 1990 with a one‑level layout
Each unit has a fenced yard and private patio
One‑car garage for each unit plus additional driveway parking
At the end of a cul‑de‑sac near Rainier Vista Park
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Two-Unit Duplex with Private Garages
Updated: Aug 31
Two-Unit Duplex with Private Garages

6628 Bailey, Lacey, WA 98513

$665,000
2,362 sqft
Two‑unit duplex totaling 2,362 square feet
Unit 1: 3 bedrooms, 2 baths, and 1,443sqft
Unit 2: 2 bedrooms, 1 bath, and 919sqft
Built in 2012
Private garage and fenced yard for each unit
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Fully Occupied Quadplex
Fully Occupied Quadplex

1702 Judd Street SE, Lacey, WA 98053

$775,000
3,088 sqft

Residential income property with established occupancy and convenient access to I-5, JBLM, shopping, and schools.

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See what stands out in Thurston County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in
NOI available after sign in
Local Demand available after sign in
Duplex With Attached Garages
Duplex With Attached Garages

7438 Mullen Road Se A-b, Lacey, WA 98503

$525,000
1,765 sqft

Side-by-side residences offer private outdoor space, in-unit laundry, and direct access to the rear yards.

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Single-Story Duplex with Fenced Yard
Single-Story Duplex with Fenced Yard

1414 Hensley Street NE # 1412, Lacey, WA 98516

$498,500
1,832 sqft

Well-maintained single-story duplex with two 2-bedroom, 1-bath units, each with garage and laundry area.

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Fully Occupied 4-Unit Quadplex
Fully Occupied 4-Unit Quadplex

1701 Ruddell Rd Se, Lacey, WA 98503

$775,000

Fully leased multifamily property with a varied unit configuration and convenient access to I-5, JBLM, shopping, and schools.

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Multi-Building Retail and Residential
Multi-Building Retail and Residential

4221 Pacific, Lacey, WA 98503

$1,399,000

Three-building mixed-use property with retail space, a remodeled 2BR unit, and additional rental buildings.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Lacey, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Side-by-Side Duplex
Side-by-Side Duplex

1512 1514 Fones Rd SE, Olympia, WA 98501

$429,950
1,406 sqft

Two-unit property with separate carports, additional parking, and convenient access to shopping, transit, and nearby freeways.

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Single-Story Duplex with Garages
Single-Story Duplex with Garages

6620 Littlerock Rd Sw, Tumwater, WA 98512

$599,000

Single-story duplex with individual garages, fireplaces, and off-street parking.

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Side-by-Side Duplex with Garages
Side-by-Side Duplex with Garages

A-b-7438 Mullen Rd Se, Olympia, WA 98503

$525,000

Two separately configured residences offer private outdoor space, in-unit laundry, and direct access to attached garages.

View details
Renovated Two-Bedroom Apartment Community
Renovated Two-Bedroom Apartment Community

300 Dennis St SW, Tumwater, WA 98501

Contact for pricing

Country Court offers 24 two-bedroom units with garages, with 83% renovated and in-unit washer/dryer hookups.

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

5.99 Acres Investment Opportunity
5.99 Acres Investment Opportunity

2602 Marvin Rd Se, Olympia, WA 98503

$1,800,000
5.99 AC lot

5.99 acres of land for sale in Olympia, WA.

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Spanaway Vacant Land Investment Opportunity
Spanaway Vacant Land Investment Opportunity

19608 8th Avenue East, Spanaway, WA 98387

$2,600,000
4.50 AC lot

4.5 acres of high-density residential land in fast-growing Spanaway.

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South Tacoma Multifamily Development Opportunity
South Tacoma Multifamily Development Opportunity

6016 South Tyler Street, Tacoma, WA 98409

$350,000
2.81 AC lot

2.81 acres for multifamily development in South Tacoma.

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Multifamily Land in South Tacoma
Multifamily Land in South Tacoma

6016 S Tyler Street, Tacoma, WA 98409

$350,000

2.81 acres for multifamily development in Tacoma, WA.

View details

Off-Market Properties in Lacey, WA

Consider similar Off-Market properties in Lacey, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Lacey, WA 98503
APARTMENT HOUSE (5+ UNITS)

Lacey, WA 98503

$5,745,000
Estimated value
83,892 sqft 2.04 AC lot
View details
1212 Willow SE St, Unit J
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit J
$245,000
Estimated value
789 sqft 0.59 AC lot
View details
1212 Willow SE St, Unit I
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit I
$245,000
Estimated value
829 sqft 0.59 AC lot
View details
1212 Willow SE St, Unit H
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit H
$245,000
Estimated value
817 sqft 0.59 AC lot
View details
1212 Willow SE St, Unit G
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit G
$245,000
Estimated value
789 sqft 0.59 AC lot
View details
1212 Willow SE St, Unit D
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit D
$245,000
Estimated value
829 sqft 0.59 AC lot
View details
1212 Willow SE St, Unit C
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit C
$245,000
Estimated value
817 sqft 0.59 AC lot
View details
1212 Willow SE St, Unit B
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit B
$230,000
Estimated value
789 sqft 0.59 AC lot
View details
1212 Willow SE St, Unit A
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

Unit A
$370,000
Estimated value
789 sqft 0.59 AC lot
View details
1212 Willow SE St
APARTMENT HOUSE (5+ UNITS)

1212 Willow SE St, Lacey, WA 98503-2363

$245,000
Estimated value
789 sqft 0.59 AC lot
View details
3807 14th SE Ave
APARTMENT HOUSE (5+ UNITS)

3807 14th SE Ave, Lacey, WA 98503-2285

$2,110,000
Estimated value
12,926 sqft 4.14 AC lot
View details
5726 Pattison Lk SE Dr
APARTMENT HOUSE (5+ UNITS)

5726 Pattison Lk SE Dr, Lacey, WA 98513-5144

$495,000
Estimated value
3,496 sqft 5.90 AC lot
View details
6955 Birdseye NE Ave, Unit 6973
APARTMENT HOUSE (5+ UNITS)

6955 Birdseye NE Ave, Lacey, WA 98516-4561

Unit 6973
Value Estimation by Request
68,097 sqft 4.69 AC lot
View details
6979 Birdseye NE Ave
APARTMENT HOUSE (5+ UNITS)

6979 Birdseye NE Ave, Lacey, WA 98516-4685

Value Estimation by Request
68,097 sqft 6.29 AC lot
View details
4315 Zurich SE Ln
APARTMENT HOUSE (5+ UNITS)

4315 Zurich SE Ln, Lacey, WA 98503-6504

$1,290,000
Estimated value
7,930 sqft 1.59 AC lot
View details
7415 Hawks Pr NE Rd
APARTMENT HOUSE (5+ UNITS)

7415 Hawks Pr NE Rd, Lacey, WA 98516-2737

$1,105,000
Estimated value
8,637 sqft 2.95 AC lot
View details
6655 Britton NE Pkwy
APARTMENT HOUSE (5+ UNITS)

6655 Britton NE Pkwy, Lacey, WA 98516-4516

Value Estimation by Request
3,088 sqft 7.66 AC lot
View details

Lacey, WA Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Lacey, WA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 10,697 square feet of properties for sale, with an estimated market value of $5,187,400.

Sale prices for residential income properties in Lacey, WA start at $498,500, averaging $741,057, and reaching up to $1,399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 7
Duplexes 4
Quadplexes 2
Apartment buildings 1

Demographics Overview

Population 127K
Population Growth (5Y) +9.9%
Median Household Income $95,700
College Educated 41.8%

High-Yield Neighborhoods for Investment

Identify Lacey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Olympia - 98516 $498.5K
Lacey - 98503 $759.8K
Redmond - 98053 $775K

Taxes & Financing

Tax Rate (average for all types) 0.89%
Property Tax per SF $11.81 per SF
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Lacey fall within the 50,000 to 100,000 square foot range.

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