6646 Kinwood Park Lane SE Lacey, WA $ 725,000
6646 Kinwood Park Lane SE
$ 725,000
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6646 Kinwood Park Lane SE

Lacey, WA, 98503
$ 725,000
Baths0.0 Sq 2,680

Monthly Estimate*

$ 4,464

Listed by MVP Realty Group
6646 Kinwood Park Lane SE, Lacey, WA 98503 - Image 1
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6646 Kinwood Park Lane SE, Lacey, WA 98503 - Image 8
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View a Virtual Tour
Studio

Multi-Family Home for sale in Lacey, WA

for $725,000. This 2,680 square foot home was built in 1986 on a lot size of 0.639.

Well-maintained triplex offering strong in-place performance and upside in a convenient Olympia location. Each of the three units features a 2-bedroom, 1-bath layout, with two units thoughtfully renovated to enhance comfort and efficiency. The property has benefited from strategic improvements that have increased overall performance by approximately 17%, creating a solid investment opportunity. All units are equipped with their own mini-split heat pumps for efficient heating and cooling, along with supplemental wall heaters. The upstairs unit is slightly larger and occupied by a long-term tenant, providing reliable rental history. A divided backyard offers private outdoor space for tenants. Additional income is generated through on-site coin-operated laundry. Parking is plentiful with six dedicated spaces, including three covered carport stalls. No HOA dues to impact cash flow or operations. Check out the virtual tour to see a different unit! Ideally suited for investors seeking a solid asset with modern updates, reliable tenancy, and room to continue optimizing returns.

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Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,021

Style

Tri-plex

Lot Size

0.639

Year Built

1986

Town/City

Lacey

County/Region

Thurston

MLS | Web ID

2468139

Features
General
Living Area 0
Sewer Septic Tank
Heating Ductless Wall Unit(s)
Cooling Ductless
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1986
View Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name KINWOOD PARK
County Thurston
Net Operating Income 45372
Insurance Expense 2000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Hawks Prairie
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions East on Martin Way Right on Kinwood St Right on Kinwood Place to tri-plex on the Right. GPS good.
High School Buyer To Verify
City Lacey
Senior Community Y/N N
High School District North Thurston
Zoning Description Multi-Family Residential
Number Of Units Total 3
MLS Area 451 - Hawks Prairie
Lot Size Units Square Feet
Lot Size Square Feet 27835
Carport Spaces 3
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 7021.76
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Well-maintained triplex offering strong in-place performance and upside in a convenient Olympia location. Each of the three units features a 2-bedroom 1-bath layout with two units thoughtfully renova
Leasable Area 2680
Virtual Tour https://mls.ricoh360.com/b0fc9acf-9b8d-43ae-9fc8-635ce83ccddf
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage
Water Company City of Lacey
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 1936.67
Property Style 53 - Tri-plex
Cap Rate 6.26
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Paved Sidewalk
Water Source Public
Foundation Details Poured Concrete
Building Area Total 2680
Lot Dimensions 149' x 205' x 100' x ~205'
Lot Size Acres 0.639
Waterfront Y/N N
Covered Spaces 3
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Partially High Speed Internet Patio
Parking Uncovered Total 3
Lot Number 2
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 6
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2468139
Street Number 1 6646
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* Excluded Features
List By
Marti Baker

Listing Agent

Mvp Realty Group

Broker

Affordability Calculator

$5,049
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,464
Monthly Property Taxes
$585
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3100209 Elementary School
3100259 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
1/15/2026$725,000 Listed Price

Map


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6646 Kinwood Park Lane SE, Lacey, WA, 98503 is a Multi-Family Home for sale at $725,000 with 2,680 sqft and a lot size of 0.639. 6646 Kinwood Park Lane SE is a studio with 0.0 baths and was built in 1986. The property's zip code is 98503 which is in Lacey, WA