Property Details
1414 Hensley Street NE #1412
Lacey, WA 98516
$498,500
Active
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Property Overview
Attention Investors: Nice duplex near city of Lacey amenities within walking distance to groceries, restaurants and bigger shopping center. This duplex is located at the end street offering privacy. Spacious fenced backyard with some trees. Nice responsible and established tenants who wish to stay. A well-maintained single-story duplex, each unit offers 2-beds, 1-bath, utility room with washer and dryer, refrigerator. Living room/entry way offers a small wood burning fireplace and a single car garage.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Lacey
Listed
Jun 16, 2025
Original Price
$550,000
Financial Summary
Cap Rate
4.30%
Net Operating Income
$22,625
Gross Scheduled Income
$33,600
Gross Rent Multiplier
16.36
Total Expenses
$10,975
Building & Use
Building Sq Ft
1,832
Leasable Area
1,832 sqft
Total Units
2
Lot Size
14,519 sqft
Year Built
1974
Exterior & Lot
Lot Size
0.33 sqft
Year Built
1974
Garage
2 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Dead End Street
Exterior Features
Wood Products
Location
City
Lacey
County
Thurston
Coordinates
47.05988, -122.78390
Additional Information
Tax Year
2025
Annual Taxes
$4,904
Possession
Array
Based on information submitted to the MLS GRID as of May 14, 2026 8:45 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
