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7235 20th Avenue SE Lacey, WA $ 1,795,000
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$ 1,795,000 Get more info
7235 20th Avenue SE
$ 1,795,000
Back to search
Share Save

7235 20th Avenue SE

Lacey, WA, 98503
$ 1,795,000
Baths0.0 Sq 6,508

Monthly Estimate*

$ 11,198

Listed by Abbey Realty Inc
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View a Virtual Tour
Studio

Multi-Family Home for sale in Lacey, WA

for $1,795,000. This 6,508 square foot home was built in 2015 on a lot size of 1.

Long Lake Luxury +Passive Income = Dream Waterfront Setup! Over 6500sqft & flex layouts to use as 1, 2 or 3 units. Airbnb with private entrance, stays furnished & grossed $25K last yr without summer bookings! Unit A has main floor primary 3BR + den, gym-ready basement and sauna. Unit B can stay whole or split again. All have waterproof luxury vinyl plank throughout, quartz counters, separate heatpumps, tankless H2O heaters & laundry. Outside, find gated entry, huge new driveway with room for guests & pickleball, 4-car garage, more covered parking, flat lawn, oversized patio, big deck, & yes, 2 docks + mooring whips! Minutes to I-5 & Costco, this one makes the math work with flexibility for your compound or small empire in the making!

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Multi-Family Active

Price

$ 1,795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,293

Style

Duplex

Lot Size

1

Year Built

2015

Town/City

Lacey

County/Region

Thurston

MLS | Web ID

2392636
Features
General
Living Area 0
Sewer Septic Tank
Heating Forced Air Heat Pump
Cooling Forced Air Heat Pump
Possession Negotiable
Roof Composition
HOA Fee 0
Security Features Partially Fenced Security Gate
Year Built 2015
View Lake
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Lake No Bank
County Thurston
Net Operating Income 22025
Insurance Expense 2582
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Long Lake West
Possible Use Multi-Family Residential See Remarks
Special Listing Conditions None
Status Active
Directions Martin Way East to Right on Carpenter Rd. Left on 20th Ave SE Home on Right
High School North Thurston High
City Lacey
Senior Community Y/N N
High School District North Thurston
Zoning Description Multi-Family Residential See Remarks
Open Parking Spaces 15
Number Of Units Total 2
MLS Area 450 - Lacey
Lot Size Units Square Feet
Lot Size Square Feet 43560
Carport Spaces 2
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Lacey Elem
Tax Annual Amount 7293
Electric Expense 9000
Fuel Expense 0
Middle/Junior High School Salish Middle
Property Condition Very Good
Public Remarks Long Lake Luxury +Passive Income = Dream Waterfront Setup! Over 6500sqft & flex layouts to use as 1 2 or 3 units. Airbnb with private entrance stays furnished & grossed $25K last yr without summer bo
Leasable Area 6508
Virtual Tour https://player.vimeo.com/video/1092346040?h=45dec03b1a&badge
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Water Company City of Lacey
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 2100
Property Style 52 - Duplex
Cap Rate 0
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Exterior
Exterior Amenities Cement Planked Wood
Parking Features RV Parking
Lot Features Paved
Water Source Public
Total Parking 21
Foundation Details Poured Concrete Slab
Building Area Total 6508
Lot Dimensions 39x40x45x44x99x372
Lot Size Acres 1
Waterfront Y/N Y
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Dock Fenced-Partially Gas Available Gated Entry High Speed Internet Patio RV Parking Sprinkler System
Parking Uncovered Spaces 15
Lot Number 4 and 5
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Interior
Flooring See Remarks Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 5
Power Production Type Electric Natural Gas See Remarks
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2392636
Street Number 1 7235
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* Excluded Features
List By
Jami R. Downing

Listing Agent

Abbey Realty Inc

Broker

Affordability Calculator

$11,806
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,198
Monthly Property Taxes
$608
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257259 Elementary School
1854461 Middle School
North Thurston High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/29/2025$1,795,000 -5.28% Price Down
6/13/2025$1,895,000 Listed Price

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7235 20th Avenue SE, Lacey, WA, 98503 is a Multi-Family Home for sale at $1,795,000 with 6,508 sqft and a lot size of 1. 7235 20th Avenue SE is a studio with 0.0 baths and was built in 2015. The property's zip code is 98503 which is in Lacey, WA

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