Property Details
6923 20th Avenue SE #1
Lacey, WA 98503
$609,000
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Property Overview
Fully Renovated Duplex with Lake Access – High ROI & Modern Upgrades A dream duplex or ideal house opportunity! This beautifully renovated duplex provides modern comfort, smart upgrades, and lake access — all in a high-demand location near Long Lake Park and highly rated schools. ?? Property Features: Two fully updated 2 bed / 1.5 bath units – approx. 1,000 sq ft each New solid flooring, fresh paint, and brand-new closets Remodeled kitchens with updated cabinets, countertops, and appliances New full and half bathrooms with quality finishes New water heaters in both units Private storage units and single-car garages per unit New LED lighting throughout plus smart light wiring for modern convenience Lake access.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Lacey
Listed
Jun 26, 2025
Original Price
$649,000
Financial Summary
Cap Rate
5.20%
Net Operating Income
$33,874
Gross Scheduled Income
$41,400
Gross Rent Multiplier
15.70
Total Expenses
$7,526
Building & Use
Leasable Area
2,160 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
1976
Exterior & Lot
Lot Size
0.29 sqft
Year Built
1976
Garage
6 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Lot Features
Dead End Street, Paved
Exterior Features
Wood, Wood Products
Location
City
Lacey
County
Thurston
Coordinates
47.02899, -122.78930
Additional Information
Tax Year
2024
Annual Taxes
$5,526
Possession
Array
Based on information submitted to the MLS GRID as of May 11, 2026 9:45 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.
