7438 Mullen Road SE # A-B Lacey, WA $ 599,999
7438 Mullen Road SE # A-B
$ 599,999
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7438 Mullen Road SE # A-B

Lacey, WA, 98503
$ 599,999
Baths0.0 Sq 1,765

Monthly Estimate*

$ 3,694

Listed by Realty One Group Bold
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Studio

Multi-Family Home for sale in Lacey, WA

for $599,999. This 1,765 square foot home was built in 1977 on a lot size of 0.3048.

Well-maintained duplex tucked away on a quiet street in a highly desirable Lacey location, conveniently close to schools, shopping, and everyday amenities. This side-by-side property features two spacious 2-bedroom, 1-bath units, each with an attached garage and private fenced yard — an attractive setup for both tenants and owner-occupants. Designed with a functional, conventional layout, each unit offers a large living area, generous kitchen with direct backyard access, and in-unit washer and dryer. Strong rental history with recent upgrades. This desirable investment creates flexibility for investors or those looking to offset their mortgage through house hacking. With consistent rental performance, fair-market rents, and solid construction, this property presents an excellent opportunity to add a reliable asset to your investment portfolio. Units A and B are currently rented for $2,100 apiece!

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Multi-Family Active

Price

$ 599,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,965

Style

Duplex

Lot Size

0.3048

Year Built

1977

Town/City

Lacey

County/Region

Thurston

MLS | Web ID

2476490

Features
General
Living Area 0
Sewer Septic Tank
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 2
Security Features Partially Fenced
Year Built 1977
View Territorial
Unit Number A-B
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 42368
Insurance Expense 2067
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lacey
Special Listing Conditions None
Status Active
Directions South on Carpenter Road. Turn Right at the stop light on 45th and follow road around. Property will be on your left.
High School Timberline High
City Lacey
Senior Community Y/N N
High School District North Thurston
Number Of Units Total 2
MLS Area 450 - Lacey
Lot Size Units Square Feet
Lot Size Square Feet 13275
Carport Spaces 2
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Woodland Elem
Tax Annual Amount 5965
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Komachin Mid
Public Remarks Well-maintained duplex tucked away on a quiet street in a highly desirable Lacey location conveniently close to schools shopping and everyday amenities. This side-by-side property features two spacio
Leasable Area 1768
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Lacey
Units Below Grade false
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 7
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Exterior
Exterior Amenities Wood Products
Water Source Public
Building Area Total 1765
Lot Size Acres 0.3048
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Fenced-Partially Patio
Parking Uncovered Total 2
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Interior
Flooring Laminate Vinyl
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 4
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 NWM2476490
Street Number 1 7438
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* Excluded Features
List By
Tucker Stanley

Listing Agent

Realty One Group Bold

Broker

Affordability Calculator

$4,191
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$497
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
258100 Elementary School
256905 Middle School
Timberline High High School
Pricing History
DatePricePrice ChangeDescription
2/4/2026$599,999 Listed Price

Map


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7438 Mullen Road SE # A-B, Lacey, WA, 98503 is a Multi-Family Home for sale at $599,999 with 1,765 sqft and a lot size of 0.3048. 7438 Mullen Road SE # A-B is a studio with 0.0 baths and was built in 1977. The property's zip code is 98503 which is in Lacey, WA