Exceptional investor opportunity. Units are in impeccable condition with outstanding tenants. Units have had a number of upgrades. Strong rental income with solid leases in place. Ideal location near I-5, major stores and JBLM. Large fenced yards. Each unit has a double car garage.
Sold
Street View
Listed by: Windermere Real Estate Olympia • Steve Garrett
Bought with: Windermere Real Estate Olympia
$590,000
1033 Midway Drive NE, Lacey, WA 98516
4beds
4baths
2,096sqft
Duplex, Multi Family
Built in 1972
-- sqft lot
$589,700 Zestimate®
$281/sqft
$1,984 Estimated rent
Home value
$589,700
$543,000 - $637,000
$1,984/mo
Zestimate® history
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Double car garageLarge fenced yards
Zillow last checked:
Listing updated:
Listed by:
Steve Garrett,
Windermere Real Estate Olympia
Bought with:
Steve Garrett, 4793
Windermere Real Estate Olympia
Source: NWMLS as distributed by MLS GRID,MLS#: 2318841
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,096
- Total interior livable area: 2,096 sqft
Property
Parking
- Total spaces: 4
- Covered spaces: 2
Features
- Patio & porch: Laminate, Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,901 Square Feet
- Features: Paved, Cable TV, Fenced-Fully, Patio
Details
- Parcel number: 62160003800
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Products
- Foundation: Concrete Ribbon
- Roof: Composition
Condition
- Good
- Year built: 1972
- Major remodel year: 1972
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: City
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $531,100
- Annual tax amount: $4,835
- Date on market: 4/8/2025
- Cumulative days on market: 470 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2025 | Sold | $590,000$281/sqft |
Source:  NWMLS as distributed by MLS GRID #2318841 Report a problem | ||
| 1/13/2025 | Pending sale | $590,000$281/sqft |
Source: NWMLS as distributed by MLS GRID #2318841 Report a problem | ||
| 12/31/2024 | Listed for sale | $590,000+168.2%$281/sqft |
Source: NWMLS as distributed by MLS GRID #2318841 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/19/2020 | Listing removed | $1,495$1/sqft |
Source: Owner Report a problem | ||
| 1/4/2020 | Listed for rent | $1,495$1/sqft |
Source: Owner Report a problem | ||
| 5/15/2014 | Sold | $220,000+83.3%$105/sqft |
Source: NWMLS as distributed by MLS GRID #608349 Report a problem | ||
| 11/13/1998 | Sold | $120,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,578 +15.4% | $531,100 +6.4% |
| 2023 | $4,833 +19.9% | $499,300 +19.7% |
| 2022 | $4,029 +9.1% | $417,200 +33.5% |
| 2021 | $3,694 -2.1% | $312,600 +4.9% |
| 2020 | $3,775 +30.6% | $297,900 +3.7% |
| 2019 | $2,890 -11.4% | $287,300 +10.7% |
| 2018 | $3,263 +38.3% | $259,500 +34.7% |
| 2017 | $2,359 | $192,650 +5.2% |
| 2016 | $2,359 | $183,200 +3.2% |
| 2014 | $2,359 | $177,500 +6.7% |
| 2013 | -- | $166,300 |
| 2012 | $2,135 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,399 | -- |
| 2008 | -- | -- |
| 2007 | $2,266 -30.2% | -- |
| 2006 | $3,244 +49.6% | -- |
| 2005 | $2,168 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,818 -3.8% | $120,000 |
| 2000 | $1,890 | $120,000 |
Find assessor info on the county website
Neighborhood: 98516
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Nearby schools
GreatSchools rating
- 5/10Pleasant Glade Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 0.3 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Lydia Hawk Elem
- Middle: Chinook Mid
- High: North Thurston High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$589,700
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Estimated market value
$589,700
- Washington
- Thurston County
- Lacey
- 98516
- 1033 Midway Drive NE
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