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Listing Firm: Windermere R.E. Shoreline: JC Gagnaire

Bought With: Skyline Properties, Inc. : Aaron Nelson

SOLD On October 16, 2020
NWMLS # 1635491

$685,000

  • Sold Price
  • - Beds
  • - Baths
  • 3456 Sq.ft.

1212 E Street SE, Lacey, WA 98503

Listings with the three tree icon are courtesy of NWMLS

About This Property

4-unit multi-family building. 2 bedroom, 1 bathroom layouts. Coin operated on-site laundry producing additional income. Currently operating at below market rents. 7% potential cap rate with rents at market. New roof installed in 2018. New exterior paint, 2 new water heaters and all new appliances in the 4 units within the last 2 years. Close to shopping, restaurants, schools & public transit.

Buyer's Agent: Aaron Nelson • Skyline Properties, Inc.

Listed by: JC Gagnaire • Windermere R.E. Shoreline

Aris360 Last Checked: 3 Minutes Ago (Jun 07, 2025 07:33 PM)

  • Source: NWMLS as Distributed by MLS Grid #1635491

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: E
  • Zip/Postal Code: 98503
  • City: Lacey

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Property Features

  • County
    • Lacey
  • Community
    • 450 - Lacey
  • MLS Area
    • 450 - Lacey
  • Longitude
    • -122.835545
  • Latitude
    • 47.037286
  • Directions
    • From Sleater Kinney Rd SE go 2 blocks West on 12th Ave SE then go South on E St SE.

  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 7
  • Lot Description
    • Paved,
  • Elevation
    • Feet
  • Exterior
    • Wood Products
  • Site Description
    • Cable TV,Fenced-Partially
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 7887
  • Utilities
    • Cable Connected,
    • Sewer Connected,
    • Electric,

  • High School District
    • North Thurston
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Closing,
    • Negotiable,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2020
  • Structure Type
    • Condominium,
  • Tax Amount
    • $4538
  • Year Built
    • 1986
  • Status
    • Sold

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Listing provided by NWMLS

Disclaimer: Based on information submitted to the MLS GRID as of Sat Jun 07 2025 . 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.

Jun 07, 2025 07:33 PM