943 College Lane NE Lacey, WA $ 695,999
943 College Lane NE
$ 695,999
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943 College Lane NE

Lacey, WA, 98516
$ 695,999
Baths0.0 Sq 2,780

Monthly Estimate*

$ 4,285

Listed by MLS4owners.com
943 College Lane NE, Lacey, WA 98516 - Image 1
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View a Virtual Tour
Studio

Multi-Family Home for sale in Lacey, WA

for $695,999. This 2,780 square foot home was built in 2003 on a lot size of 0.15.

Fantastic duplex in Lacey. MOVE IN READY! LIVE IN ONE SIDE AND RENT OUT THE OTHER! Side B is currently vacant. Each side offers 1300+ sf 3 bedrooms 2.5 bathrooms and a one car garage. Built in 2003 and freshly renovated in 2024. Numerous updates throughout BOTH SIDES of the homes include newer roof, new paint (inside and out), luxury vinyl flooring, kitchen and bathroom tiling, updated light fixtures, new back decks, covered front porches and DUCTLESS MINI SPLIT SYSTEMS ON BOTH SIDES. Open kitchen concept with plenty of cabinet, counter and pantry space as well as clean appliances. All appliances stay. Off the kitchen is the dining room with newly installed rubbed bronze ceiling fan, and access to a fully fenced back yard with a new deck for entertaining. Just steps away from the other side of the kitchen you will find the laundry room (with washer and dryer) which leads directly to the oversized 1 car garage. Upstairs are the 3 bedrooms, with 2 full bathrooms. Master bedroom has en-suite bath, big linen closet, tons of natural light, beautiful celling fan, and a roomy walk in closet. Multiple bright and open bedrooms allow for a in-home office, or in-home gym. The current rent being charged FOR SIDE A is $2280.00 a month. Leased through 16 Dec 26. Great central location minutes from JBLM. Near all Lacey amenities and easy freeway access.

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Multi-Family Active

Price

$ 695,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 556

Style

Duplex

Lot Size

0.15

Year Built

2003

Town/City

Lacey

County/Region

Thurston

MLS | Web ID

2522927

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Wall Furnace
Cooling Ductless
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 2
Security Features Fully Fenced
Year Built 2003
View City
Property Subtype Multi Family
Tax Year 2026
County Thurston
Net Operating Income 11078
Insurance Expense 133
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Lacey
Special Listing Conditions None
Status Active
Directions North on Sleater Kinney Road Right on 15th Ave. Right on NE College Ave. Right on NE College Lane #943
City Lacey
Senior Community Y/N N
High School District Olympia
Number Of Units Total 2
MLS Area 447 - Olympia North
Lot Size Units Square Feet
Lot Size Square Feet 6534
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 556
Electric Expense 100
Fuel Expense 0
Property Condition Updated/Remodeled
Public Remarks Fantastic duplex in Lacey. MOVE IN READY! LIVE IN ONE SIDE AND RENT OUT THE OTHER! Side B is currently vacant. Each side offers 1300+ sf 3 bedrooms 2.5 bathrooms and a one car garage. Built in 2003 a
Leasable Area 2780
Virtual Tour https://youtu.be/YpM_9gvgYIk?si=UtN5np7uH9fsdZTk
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Water Company Lacey
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 130
Property Style 52 - Duplex
Cap Rate 1.5
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Exterior
Exterior Amenities Wood Products
Lot Features Curbs Dead End Street Paved Sidewalk
Water Source Public
Total Parking 2
Foundation Details Concrete Ribbon
Building Area Total 2780
Lot Size Acres 0.15
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Fully
Parking Uncovered Total 2
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Interior
Flooring Laminate Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
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 NWM2522927
Street Number 1 943
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* Excluded Features
List By
Chris C. Nye

Listing Agent

Mls4owners.Com

Broker

Affordability Calculator

$4,332
Per Month
99%
1%
0%
Monthly Principal & Interest
$4,285
Monthly Property Taxes
$46
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
258425 Elementary School
257277 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$695,999 Listed Price

Map


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943 College Lane NE, Lacey, WA, 98516 is a Multi-Family Home for sale at $695,999 with 2,780 sqft and a lot size of 0.15. 943 College Lane NE is a studio with 0.0 baths and was built in 2003. The property's zip code is 98516 which is in Lacey, WA