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    Lacey, WA
    Residential Income

    Lacey, WA Residential Income Properties for Sale

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    Olympia, WA Tumwater, WA Tenino, WA Dupont, WA Yelm, WA Rainier, WA Roy, WA Longbranch, WA
    Eight-Unit Apartment Building
    Updated: Jul 7
    Eight-Unit Apartment Building

    5024 18th Avenue Southeast, Lacey, WA 98503

    $1,100,000
    5,616 sqft
    Eight‑unit apartment building built in 1966 with four 2BD/1BA units and four 1BD/1BA units
    14 on‑site parking stalls plus an on‑site communal laundry facility
    Newer roof systems installed within the last several years
    Electrical panels updated throughout; double‑pane vinyl windows; exterior siding in good condition with no major deferred maintenance reported
    Some units have been moderately renovated, including newer LVP flooring
    View details
    Single-Story Duplex with Fenced Yard
    Updated: Jun 16, 2025
    Single-Story Duplex with Fenced Yard

    1414 Hensley Street NE # 1412, Lacey, WA 98516

    $498,500
    1,832 sqft
    Single‑story duplex built in 1974 with 2 units total, each offering 2 bedrooms and 1 bathroom
    1,832 total building area on a 0.3333‑acre lot on a dead end street
    Each unit includes a utility room with washer and dryer and a refrigerator
    Living room/entry includes a small wood burning fireplace (per public remarks)
    Fenced backyard with some trees and partially fenced site features
    View details
    Triplex Development with Utilities Stubbed
    Triplex Development with Utilities Stubbed

    4808-4812 15th Avenue Southeast, Lacey, WA 98503

    $505,000

    Updated rental unit plus build-ready lot with water, sewer, power stubbed for additional duplex units.

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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 4 Active listings in Lacey, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 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.

    Residential Income Property
    Residential Income Property

    6146 Waldrick Road Southeast, Tenino, WA 98589

    $959,000
    4,808 sqft

    For-sale residential income multifamily property at 6146 Waldrick Road Southeast in Tenino, WA.

    View details
    Value-Add 20-Unit Apartment Building
    Value-Add 20-Unit Apartment Building

    510 LILLY RD SE, Olympia, WA 98501

    $3,700,000
    9,900 sqft

    20-unit multifamily asset with 16 interior upgrades completed, two partially completed units, and two remaining classic units.

    View details
    Turnkey Mobile Home Park Investment
    Turnkey Mobile Home Park Investment

    1098 Old Highway 99, Tenino, WA 98589

    $745,000

    Well-maintained mobile home park with immediate income and growth potential.

    View details
    Fully Leased 11-Unit Transitional Housing
    Fully Leased 11-Unit Transitional Housing

    3532 Mary Elder Rd NE, Olympia, WA 98506

    Contact for pricing
    7,163 sqft

    Triplex layout across three buildings with shared laundry and off-street parking on a nearly half-acre lot.

    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.

    View details
    29 Acres Subdivision-Ready Raw Land
    29 Acres Subdivision-Ready Raw Land

    5420 NW 66th Avenue, Olympia, WA 98502

    $875,000
    29.00 AC lot

    29 acres of raw land, subdividable into 5-acre parcels.

    View details
    Multifamily Land in South Tacoma
    Multifamily Land in South Tacoma

    6016 S Tyler Street, Tacoma, WA 98409

    $350,000
    2.81 AC lot

    2.81 acres for multifamily development in Tacoma, WA.

    View details
    Commercial Land Near Home Depot
    Commercial Land Near Home Depot

    Tacoma, WA 98445

    Contact for pricing
    22,216 sqft 0.48 AC lot

    0.48 acre commercial land near major retailers.

    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    789 sqft 0.59 AC lot
    View details
    1212 Willow SE St
    APARTMENT HOUSE (5+ UNITS)

    1212 Willow SE St, Lacey, WA 98503-2363

    Value Estimation by Request
    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

    Value Estimation by Request
    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
    4502 6th NE Ave
    APARTMENT HOUSE (5+ UNITS)

    4502 6th NE Ave, Lacey, WA 98516-5312

    Value Estimation by Request
    3,520 sqft 0.52 AC lot
    View details
    7127 32nd NE Ave
    APARTMENT HOUSE (5+ UNITS)

    7127 32nd NE Ave, Lacey, WA 98516-3155

    $1,840,000
    Estimated value
    10,746 sqft 9.61 AC lot
    View details
    8030 18th SE Ln
    MOBILE HOME PARK, TRAILER PARK

    8030 18th SE Ln, Lacey, WA 98503-5314

    $1,785,000
    Estimated value
    2,548 sqft 26.41 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 4 active listings on our real estate platform. These investment opportunities span a total of 7,448 square feet of properties for sale, with an estimated market value of $3,502,500.

    Sale prices for residential income properties in Lacey, WA start at $498,500, averaging $875,625, 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 4
    Apartment buildings 2
    Duplexes 1
    Triplexes 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
    98503 $2.3M

    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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    Most Searched ZIP Codes in Lacey, WA

    • 98503
    • 98516

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