Great investment opportunity, 2 well maintained single story duplex's with garage's total of 4 units, on .61 acre lot zoned high density. Current zoning could be a possibility for additional units. Nice open concept floor plans with newer hard surface flooring throughout. Many updates in all units include kitchen, bathroom, windows and flooring. Big and level grass yards with private patios. property highly desirable for the tenants. Conveniently located to schools, shopping, and parks. Easy access to I-5 and JBLM. High cap rate with potential for even higher returns. Washer dryer hook ups tenants provide their own washer and dryers.
Sold
Listed by: NextHome Northwest Group • Michael Barber
Bought with: Olympic Sotheby's Int'l Realty
$945,000
1512 Judd Street NE, Lacey, WA 98516
8beds
4baths
3,208sqft
Duplex, Multi Family
Built in 1972
-- sqft lot
$944,300 Zestimate®
$295/sqft
$1,780 Estimated rent
Home value
$944,300
$869,000 - $1.02M
$1,780/mo
Zestimate® history
Owner options
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$1,780/mo
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$1,780/mo
Rent Zestimate®
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$5,808/mo
Est. payment
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$5,808/mo
Est. payment
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Newer hard surface flooringOpen concept floor plansPrivate patiosUpdates in all units
Zillow last checked:
Listing updated:
Listed by:
Michael Barber,
NextHome Northwest Group
Bought with:
Ranei Lindsey, 27528
Olympic Sotheby's Int'l Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2352617
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 3,208
- Total interior livable area: 3,208 sqft
Property
Parking
- Total spaces: 12
- Parking features: Open
- Covered spaces: 4
- Uncovered spaces: 8
Features
- Patio & porch: Laminate
Lot
- Size: 0.61 Acres
- Features: Dead End Street, Paved, Cable TV, Fenced-Partially, High Speed Internet, Patio
Details
- Parcel number: 11809310403
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1972
- Major remodel year: 1991
Utilities & green energy
- Electric: Company: PSE
- Sewer: Available, Septic Tank, Company: Septic
- Water: Public, Company: City of Lacey
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $295/sqft
- Tax assessed value: $685,800
- Annual tax amount: $7,203
- Date on market: 6/4/2025
- Cumulative days on market: 413 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2025 | Sold | $945,000-0.5%$295/sqft |
Source:  NWMLS as distributed by MLS GRID #2352617 Report a problem | ||
| 4/11/2025 | Pending sale | $950,000$296/sqft |
Source: NWMLS as distributed by MLS GRID #2352617 Report a problem | ||
| 4/1/2025 | Listed for sale | $950,000+171.4%$296/sqft |
Source: NWMLS as distributed by MLS GRID #2352617 Report a problem | ||
| 10/28/2011 | Listing removed | $850 |
Source: David Report a problem | ||
| 10/21/2011 | Listed for rent | $850 |
Source: David Report a problem | ||
| 8/6/2003 | Sold | $350,000+59.1%$109/sqft |
Source: NWMLS as distributed by MLS GRID #23058877 Report a problem | ||
| 12/24/2001 | Sold | $220,000$69/sqft |
Source: NWMLS as distributed by MLS GRID #21104122 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,203 +12.3% | $685,800 +8.4% |
| 2023 | $6,416 +12.6% | $632,700 +14.4% |
| 2022 | $5,697 -4.1% | $553,300 +15.7% |
| 2021 | $5,939 -2.5% | $478,300 +4.3% |
| 2020 | $6,090 +36.9% | $458,600 -8.2% |
| 2019 | $4,447 -5.9% | $499,800 +34.7% |
| 2018 | $4,727 +39.9% | $371,100 +25.4% |
| 2017 | $3,380 | $295,850 +4.5% |
| 2016 | $3,380 | $283,200 +21.5% |
| 2014 | $3,380 | $233,000 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $3,493 +6% | -- |
| 2007 | $3,295 -34.1% | -- |
| 2006 | $5,001 +49.7% | -- |
| 2005 | $3,341 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $3,144 -3.2% | $192,000 |
| 2000 | $3,248 | $192,000 |
Find assessor info on the county website
Neighborhood: 98516
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Nearby schools
GreatSchools rating
- 5/10Pleasant Glade Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$944,300
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Estimated market value
$944,300
- Washington
- Thurston County
- Lacey
- 98516
- 1512 Judd Street NE
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