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Listing Firm: Kidder Mathews: David A. Kelley

Bought With: Abbey Realty Inc : Laurie Young

SOLD On May 3, 2022
NWMLS # 1785405

$1,000,000

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

8607 Steilacoom Rd SE , Lacey, WA 98513

Listings with the three tree icon are courtesy of NWMLS

About This Property

Kidder Mathews is please to present the Lacey Tri-Plex for sale in Olympia, WA Built in 1997, the Lacey Tri-Plex is comprised of 3-units holding one 2,600 SF duplex and one 1,800 SF apartment above a large 2 bay 2,520 SF shop. Excellent value-add opportunity, this offering holds below market rents and original interiors ripe for renovations. This unique asset is being offered to investors at a 5% cap rate with proforma market cap potential of well over a 6% cap.

Buyer's Agent: Laurie Young • Abbey Realty Inc

Listed by: David A. Kelley • Kidder Mathews

Aris360 Last Checked: 2 Minutes Ago (Jul 20, 2025 08:33 PM)

  • Source: NWMLS as Distributed by MLS Grid #1785405

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Steilacoom Rd SE
  • Zip/Postal Code: 98513
  • City: Lacey

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Property Features

  • County
    • Lacey
  • Community
    • 451 - Hawks Prairie
  • MLS Area
    • 451 - Hawks Prairie
  • Longitude
    • -122.75661
  • Latitude
    • 47.04765
  • Directions
    • Continue to I-705 S // Take I-5 S to Martin Way E in Thurston County. Take exit 114 from I-5 S // Continue on Martin Way E. Drive to Steilacoom Rd SE

  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 53 - Tri-plex
  • Parking Spaces
    • 8
  • Elevation
    • Feet
  • Exterior
    • Wood Products
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres

    • 1

  • Covered Spaces
    • 4
  • Condition
    • Good,
  • Building Total Area (Sq. Ft.)
    • 33105

  • High School District
    • North Thurston

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Condominium,
  • Tax Amount
    • $10025
  • Year Built
    • 1997
  • Effective Year Built
    • 1997
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jul 20 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.

Jul 20, 2025 08:33 PM