1608 Ruddell Road SE Lacey, WA $ 2,650,000
1608 Ruddell Road SE
$ 2,650,000
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1608 Ruddell Road SE

Lacey, WA, 98053
$ 2,650,000
Baths0.0 Sq 12,424

Monthly Estimate*

$ 16,317

Listed by TS Property Management
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Studio

Multi-Family Home for sale in Lacey, WA

for $2,650,000. This 12,424 square foot home was built in 1978 on a lot size of 0.9818.

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.

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Multi-Family Active

Price

$ 2,650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

10+ Units

Lot Size

0.9818

Year Built

1978

Town/City

Lacey

County/Region

Thurston

MLS | Web ID

2501659

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Forced Air Heat Pump
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 4
Year Built 1978
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 0
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lacey
Special Listing Conditions None
Status Active
Directions From I-5 take Exit 109. Head west on Martin Way turn left on College St then left on Lacey Blvd. Turn right on Judd St SE. Property is on the right at 1608 Ruddell Rd SE.
High School North Thurston High
City Lacey
Senior Community Y/N N
High School District North Thurston
Number Of Units Total 13
MLS Area 450 - Lacey
Lot Size Units Square Feet
Lot Size Square Feet 42767
Carport Spaces 0
Carport Y/N N
Listing Terms Cash
Elementary School Mountain View Elementary
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Chinook Mid
Property Condition Good
Public Remarks 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
Leasable Area 11926
Structure Type Multi Family
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 13
Water Sewer Garbage 0
Property Style 56 - 10+ Units
Cap Rate 0
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Exterior
Exterior Amenities Wood
Lot Features Paved Sidewalk
Water Source Public
Total Parking 25
Foundation Details Poured Concrete Slab
Building Area Total 12424
Lot Size Acres 0.9818
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 25
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Interior
Flooring Engineered Hardwood Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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 NWM2501659
Street Number 1 1608
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* Excluded Features
List By
Brian Shin

Listing Agent

Ts Property Management

Broker

Affordability Calculator

$16,317
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,317
Monthly Property Taxes
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Monthly Home Insurance
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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
3100068 Elementary School
257219 Middle School
North Thurston High High School
Pricing History
DatePricePrice ChangeDescription
4/2/2026$2,650,000 Listed Price

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1608 Ruddell Road SE, Lacey, WA, 98053 is a Multi-Family Home for sale at $2,650,000 with 12,424 sqft and a lot size of 0.9818. 1608 Ruddell Road SE is a studio with 0.0 baths and was built in 1978. The property's zip code is 98053 which is in Lacey, WA