Property Details
4938 Wilshire Court SE #A & B
Lacey, WA 98503
$559,900
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Property Overview
A great opportunity for investors or owner-occupants seeking a highly accessible location. Well-maintained one-level duplex tucked away at the end of a quiet cul-de-sac, just a short walk to Rainier Vista Park. Each unit offers 825 sq ft, featuring a fenced yard, private patio, and one-car garage with additional driveway parking. Ideal location with easy access to I-5 and JBLM. Plus nearby schools, medical, restaurants, golf courses, Chehalis Western Trail and grocery stores for everyday convenience. Bus service available on Ruddell Rd, makes for an easy commute. (Living room & bedrooms are virtually staged)
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Lacey
Listed
Jan 7, 2026
Original Price
$575,000
Financial Summary
Cap Rate
4.78%
Net Operating Income
$27,481
Gross Scheduled Income
$43,320
Gross Rent Multiplier
13.30
Total Expenses
$8,619
Vacancy Rate
16.0%
Building & Use
Building Sq Ft
1,650
Leasable Area
1,650 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
8,289 sqft
Year Built
1990
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1990
Garage
2 spaces
Exterior Materials
Metal/Vinyl, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Dead End Street, Paved
Exterior Features
Metal/Vinyl, Wood Products
Location
City
Lacey
County
Thurston
Coordinates
47.00305, -122.81154
Additional Information
Tax Year
2025
Annual Taxes
$4,642
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
