Property Details
943 College Lane NE
Lacey, WA 98516
$695,999
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 20
Property Overview
Fantastic duplex in Lacey. MOVE IN READY! LIVE IN ONE SIDE AND RENT OUT THE OTHER! Side B is currently vacant. Each side offers 1300+ sf 3 bedrooms 2.5 bathrooms and a one car garage. Built in 2003 and freshly renovated in 2024. Numerous updates throughout BOTH SIDES of the homes include newer roof, new paint (inside and out), luxury vinyl flooring, kitchen and bathroom tiling, updated light fixtures, new back decks, covered front porches and DUCTLESS MINI SPLIT SYSTEMS ON BOTH SIDES. Open kitchen concept with plenty of cabinet, counter and pantry space as well as clean appliances. All appliances stay. Off the kitchen is the dining room with newly installed rubbed bronze ceiling fan, and access to a fully fenced back yard with a new deck for entertaining. Just steps away from the other side of the kitchen you will find the laundry room (with washer and dryer) which leads directly to the oversized 1 car garage. Upstairs are the 3 bedrooms, with 2 full bathrooms. Master bedroom has en-suite bath, big linen closet, tons of natural light, beautiful celling fan, and a roomy walk in closet. Multiple bright and open bedrooms allow for a in-home office, or in-home gym. The current rent being charged FOR SIDE A is $2280.00 a month. Leased through 16 Dec 26. Great central location minutes from JBLM. Near all Lacey amenities and easy freeway access.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Thurston
Neighborhood
Lacey
Listed
May 13, 2026
Financial Summary
Cap Rate
1.50%
Net Operating Income
$11,078
Gross Scheduled Income
$53,760
Gross Rent Multiplier
12.00
Total Expenses
$919
Vacancy Rate
10.0%
Building & Use
Building Sq Ft
2,780
Leasable Area
2,780 sqft
Total Units
2
Lot Size
6,534 sqft
Year Built
2003
Exterior & Lot
Lot Size
0.15 sqft
Year Built
2003
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Dead End Street, Paved, Sidewalk
Exterior Features
Wood Products
Location
City
Lacey
County
Thurston
Coordinates
47.05728, -122.82351
Additional Information
Tax Year
2026
Annual Taxes
$556
Possession
Array
Based on information submitted to the MLS GRID as of May 13, 2026 2:30 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.
