Investor Opportunity! Maximize returns with this versatile property—easily configured into three income-generating units. Ideal for multigenerational living or military buyers seeking passive income. High-visibility frontage creates the perfect setup for a home-based business, with multiple streams of revenue. Remarkable 4BR home offering exceptional versatility! Meticulously maintained, this spacious layout includes three independent living areas that can easily reconnect for multi-generational living or solid rental income. The downstairs was previously rented for $1,500/mo, the upstairs for $1,800/mo, and the separate salon unit—featuring beautiful cedar walls/ceilings and three stations—currently rents for $1,200/mo as a living space. This unit is also perfect for a home business or creative studio! Major updates were completed in 1998, and the home includes a newer roof. Enjoy massive parking for 10+ vehicles plus a 2-car carport. Ideally located near shopping, dining, and bus lines. Sold As-Is. Rate buydown and closing cost assistance are available through our partner lender!
Sold
Listed by: Realty One Group Enterprise • Walter Cave
Bought with: Champions Real Estate
$550,000
2509 College Street SE, Lacey, WA 98503
4beds
2,300sqft
Single Family Residence
Built in 1958
9,949 Square Feet Lot
$548,000 Zestimate®
$239/sqft
$2,815 Estimated rent
Home value
$548,000
$515,000 - $586,000
$2,815/mo
Zestimate® history
Owner options
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$2,815/mo
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$2,815/mo
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$3,430/mo
Est. payment
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$3,430/mo
Est. payment
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Newer roof
Zillow last checked:
Listing updated:
Listed by:
Walter Cave,
Realty One Group Enterprise
Bought with:
Grace Wamwere, 130163
Champions Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2485512
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Lower
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Bathroom three quarter
- Level: Lower
Bonus room
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Entry hall
- Level: Main
Entry hall
- Level: Lower
Kitchen with eating space
- Level: Main
Heating
- Fireplace, Ductless, Fireplace Insert, Forced Air, Wall Furnace, Electric, Natural Gas, Wood
Cooling
- Ductless
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, See Remarks, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s)
Features
- Ceiling Fan(s), Dining Room, Pantry
- Flooring: Ceramic Tile, Hardwood, Laminate
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,300
- Total interior livable area: 2,300 sqft
Property
Parking
- Total spaces: 12
- Parking features: Detached Carport, Driveway, Attached Garage
- Has attached garage: Yes
- Has carport: Yes
- Covered spaces: 2
- Uncovered spaces: 10
Features
- Levels: One
- Stories: 1
- Entry location: Lower,Main
- Patio & porch: Second Kitchen, Ceiling Fan(s), Dining Room, Fireplace, Pantry, Vaulted Ceiling(s)
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,949 Square Feet
- Features: Paved, Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Shop
- Topography: Level
Details
- Parcel number: 63500200200
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete, Slab
- Roof: Composition
Condition
- Good
- Year built: 1958
- Major remodel year: 1988
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Lacey Utility
- Water: Public, Company: City of Lacey Utility
- Utilities for property: Xfinity +, Xfinity +
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $481,100
- Annual tax amount: $5,016
- Date on market: 4/30/2026
- Cumulative days on market: 83 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
- Total actual rent: 1500
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Sold | $550,000+2%$239/sqft |
Source:  NWMLS as distributed by MLS GRID #2485512 Report a problem | ||
| 3/31/2026 | Pending sale | $539,000$234/sqft |
Source: NWMLS as distributed by MLS GRID #2485512 Report a problem | ||
| 3/4/2026 | Listed for sale | $539,000$234/sqft |
Source: NWMLS as distributed by MLS GRID #2485512 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,016 +21.8% | $481,100 +12.1% |
| 2023 | $4,119 -5.7% | $429,000 -6.2% |
| 2022 | $4,369 +15.4% | $457,500 +41.2% |
| 2021 | $3,785 +16.3% | $324,100 +24.9% |
| 2020 | $3,255 +19.8% | $259,500 +7% |
| 2019 | $2,718 -10.6% | $242,600 -1.9% |
| 2018 | $3,041 +22.3% | $247,400 +20.2% |
| 2017 | $2,487 | $205,850 +4.8% |
| 2016 | $2,487 | $196,500 +3.8% |
| 2014 | $2,487 | $189,300 +6.8% |
| 2013 | -- | $177,200 |
| 2012 | $2,135 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,280 | -- |
| 2008 | -- | -- |
| 2007 | $2,169 -13.5% | -- |
| 2006 | $2,508 +49.4% | -- |
| 2005 | $1,679 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,614 -3.8% | $106,500 |
| 2000 | $1,678 | $106,500 |
Find assessor info on the county website
Neighborhood: 98503
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Nearby schools
GreatSchools rating
- 3/10Mountain View Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 2 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Lacey Elem
- Middle: Komachin Mid
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
$548,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$548,000
- Washington
- Thurston County
- Lacey
- 98503
- 2509 College Street SE
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