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1608 Ruddell Road SE

Lacey, WA 98053
  • $2,800,000
  • STATUS: Pending Feasibility
  • ID#: 2398692
UPDATED: 40 min ago
$2,800,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,424
    SQFT
  • $225
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of TS Property Management.
Mortgage Calculator is provided by BoomTown.

Description

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.

Monthly Payment Calculator



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.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-07-11T07:18:48.283. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-07-11T07:18:48.283. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
www.kwbellingham.net/homes/165344418
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1608 Ruddell Road SE Lacey, WA 98053

  • Price: $2,800,000
  • Status: Pending Feasibility
  • On Site: Days
  • Updated: 40 min ago
  • ID#: 2398692
0
Beds
0
Baths
0
½ Baths
0.98
Acres
12,424
SQFT
$225
$/SQFT
1978
Built
Neighborhood:
Lacey
County:
Thurston
Area:
Lacey
Elementary School:
Mtn View Elem
Middle School:
Chinook Mid
High School:
North Thurston High
School District:
North Thurston
Property Description
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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 4 Exterior Features Wood Lot Features PavedSidewalk Open Parking Spaces 25 Open Parking YN Yes Parking Total 29 Parking Uncovered Spaces 25 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 12424 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring Engineered HardwoodCarpet Heating BaseboardForced AirHeat Pump Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryStorage Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured ConcreteSlab Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 0 New Construction YN No Possession Closing Power Company PSE Power Production Type Electric Property Condition Good Property Sub Type Multi Family Senior Community YN No Sewer Sewer Connected Sewer Company City of Lacey Special Listing Conditions None Tax Annual Amount 0 Tax Year 2025 Units In Building Total 13 Water Company City of Lacey Water Source Public Year Built Effective 1986 Zoning Jurisdiction City



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.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-07-11T07:18:48.283. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-07-11T07:18:48.283. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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Keller Williams Western Realty
2211 Rimland Drive, Suite 124
Bellingham WA, 98226
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of TS Property Management.
Mortgage Calculator is provided by BoomTown.