643 School Street SE Lacey, WA $ 698,000
643 School Street SE
$ 698,000
Recently Listed
Open House 2/1 11am - 1pm
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643 School Street SE

Lacey, WA, 98503
$ 698,000
Baths0.0 Sq 2,600

Monthly Estimate*

$ 4,298

Listed by Redfin
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Studio

Multi-Family Home for sale in Lacey, WA

for $698,000. This 2,600 square foot home was built in 1993 on a lot size of 0.5587.

Fantastic opportunity to own a well-maintained duplex in Lacey with a strong rental history. Add to your investment portfolio or live in one side and rent the other. Each two-story unit features 3 bedrooms & 1.5 baths. Main floor living space w .5 bath, upstairs hosts bedrooms/full bath. Both units have large fenced yards, in-unit washer and dryer, a private single-car garage, and driveway parking. Ideally located, this property offers convenient access to shops, restaurants, schools, parks and freeway access. New Septic, Pumping Station & Drain field. New Hardie Plank Siding and Exterior Paint in 2023.

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Open House

2/1/2026 11:00 AM - 1:00 PM
643 School Street SE Lacey, WA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 698,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,785

Style

Duplex

Lot Size

0.5587

Year Built

1993

Town/City

Lacey

County/Region

Thurston

MLS | Web ID

2472540

Features
General
Living Area 0
Sewer Septic Tank
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 2
Pool Features Community
Security Features Fully Fenced
Year Built 1993
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Thurston
Net Operating Income 20676
Insurance Expense 1353
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lacey
Special Listing Conditions None
Status Active
Directions E ON PACIFIC AVE TO STEILACOOM L ON SCHOOL ST.
High School Buyer To Verify
City Lacey
Senior Community Y/N N
High School District North Thurston
Number Of Units Total 2
MLS Area 451 - Hawks Prairie
Lot Size Units Square Feet
Lot Size Square Feet 24335
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 5785.66
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Very Good
Public Remarks Fantastic opportunity to own a well-maintained duplex in Lacey with a strong rental history. Add to your investment portfolio or live in one side and rent the other. Each two-story unit features 3 be
Leasable Area 2600
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Thurston PUD
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 2.93
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Exterior
Exterior Amenities Cement Planked Wood Products
Lot Features Corner Lot Paved Sidewalk
Water Source Community
Foundation Details Poured Concrete
Building Area Total 2600
Lot Size Acres 0.5587
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Outbuildings Patio
Pool Type Community
Parking Uncovered Total 2
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Interior
Flooring Laminate 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 NWM2472540
Street Number 1 643
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* Excluded Features
List By
Tarah A Yurovchak

Listing Agent

Redfin

Broker

Affordability Calculator

$4,780
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,298
Monthly Property Taxes
$482
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
1/30/2026$698,000 Listed Price

Map


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643 School Street SE, Lacey, WA, 98503 is a Multi-Family Home for sale at $698,000 with 2,600 sqft and a lot size of 0.5587. 643 School Street SE is a studio with 0.0 baths and was built in 1993. The property's zip code is 98503 which is in Lacey, WA