Home / 1608 Ruddell Road SE, Lacey, WA 98053 (MLS # 2398692)

1608 Ruddell Road SE, Lacey, WA 98053 (MLS # 2398692)

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Listing provided courtesy of Northwest MLS; TS Property Management

PRICE $2,800,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 12,424 sqft
LOT SIZE 42,768 sqft
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Rare add-value multifamily investment opportunity in Lacey! This well-maintained portfolio includes 3 tax parcels with 13 total units: one parcel features a single-family home and a 4-plex, while the other two parcels each include a 4-plex. All units are fully occupied with strong rental history. Conveniently located near I-5, JBLM, shopping, and schools. Great mix of unit types, stable income, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.

LAST UPDATED 7/30/2025 NEIGHBORHOOD Lacey
YEAR BUILT 1978 COMMUNITY Lacey
COUNTY Thurston STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Mountain View Elementary
Jr. High School Chinook Mid
High School North Thurston High


ADDITIONAL DETAILS
AIR None
AREA 450 - Lacey
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric, Forced Air, Heat Pump
LOT 0.9818 acre(s)
LOT DESCRIPTION Paved, Sidewalk
MLS STATUS Active
STORIES 2
STYLE 56 - 10+ Units
SUBDIVISION Lacey
UTILITIES Sewer Connected
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/4/25 7:39 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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