1608 Ruddell Road Se, Lacey, WA 98053

Lacey
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: brian shin
Office: ts property management
MLS#:2501659
Source:NWMLS
1608 Ruddell Road Se,Lacey, WA 98053
$2,650,000
  • - Beds
  • - Baths
  • 12,424 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,650,000
  • Price per sq. ft.:$213.3

About this home

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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Home facts

  • Year built:1978
  • Subdivision & Development:Lacey
  • Listing ID #:2501659
  • Updated:September 14, 2026 at 11:13 AM

Rooms and interior

  • Flooring:Carpet, Engineered Hardwood
  • Living area:12,424 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Heat Pump

Structure and exterior

  • Roof:Composition
  • Year built:1978
  • Building area:12,424 sq. ft.
  • Lot area:0.98 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish

Schools

  • High school:North Thurston High
  • Middle school:Chinook Mid
  • Elementary school:Mountain View Elementary

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,650,000
  • Price per sq. ft.:$213.3

Parking

  • Total parking spaces:25
  • Garage:Yes
  • Garage spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 14, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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