Pending

Listed by: Redfin • Tarah A Yurovchak

Price cut: $7K (7/24)

$675,000

643 School Street SE, Lacey, WA 98503

6beds

4baths

2,600sqft

$4,310/mo

Get pre-qualified

Duplex, Multi Family

Built in 1993

-- sqft lot

$657,300 Zestimate^®

$260/sqft

$-- HOA

What's special

Attached garageSeparate drivewayPrivate fenced yardNewer hardie sidingExterior paint

Big-ticket improvements are already done! This spacious Lacey duplex features newer Hardie siding, exterior paint, septic system, drain field and pumping station, taking care of several major expenses for the next owner. Each unit offers 3 bedrooms, 1.5 baths, an attached garage, private fenced yard and separate driveway, all situated on a large .56-acre lot. Whether you're looking to add a rental property to your investment portfolio or live in one side and rent the other to help offset your monthly housing costs, this property offers flexibility and long-term potential. The two 3-bedroom units provide strong rental appeal, while the separate yards and garages give each side the feel and privacy of a home. Conveniently located near shopping, schools, parks and I-5. A great opportunity to own a duplex with significant improvements already completed and the ability to add value over time.

215 days
274
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Wall Furnace, Electric

Cooling

None

Features

Flooring: Laminate, Carpet
Has fireplace: No

Interior area

Total structure area: 2,600
Total interior livable area: 2,600 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 2
Uncovered spaces: 2

Features

Pool features: Community
Has view: Yes
View description: Territorial

Lot

Size: 0.56 Acres
Features: Corner Lot, Paved, Sidewalk, Cable TV, Fenced-Fully, Outbuildings, Patio

Details

Parcel number: 64200000100
Zoning description: Jurisdiction: County
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex, Multi Family

Materials

Cement Planked, Wood Products, Cement Plank
Foundation: Poured Concrete
Roof: Composition

Condition

Very Good
Year built: 1993

Utilities & green energy

Electric: Company: PSE
Sewer: Septic Tank, Company: Septic
Water: Community, Company: Thurston PUD

Community & HOA

Community

Subdivision: Lacey

Location

Region: Olympia

Financial & listing details

Price per square foot: $260/sqft
Tax assessed value: $537,500
Annual tax amount: $5,785
Date on market: 2/4/2026
Cumulative days on market: 211 days
Listing terms: Conventional,FHA,VA Loan

Estimated market value

$657,300

$624,000 - $690,000

$1,852/mo

Price history

Date	Event	Price
8/26/2026	Pending sale	$675,000$260/sqft
Source: NWMLS as distributed by MLS GRID #2472540 Report a problem
7/24/2026	Price change	$675,000-1%$260/sqft
Source: NWMLS as distributed by MLS GRID #2472540 Report a problem
4/21/2026	Price change	$682,000-1%$262/sqft
Source: NWMLS as distributed by MLS GRID #2472540 Report a problem
3/6/2026	Price change	$689,000-1.3%$265/sqft
Source: NWMLS as distributed by MLS GRID #2472540 Report a problem
1/30/2026	Listed for sale	$698,000+315.5%$268/sqft
Source: NWMLS as distributed by MLS GRID #2472540 Report a problem
10/5/1999	Sold	$168,000+1.8%$65/sqft
Source: Public Record Report a problem
8/24/1995	Sold	$165,000$63/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,786 -5.5%	$537,500 -13.2%
2023	$6,121 +9.4%	$619,300 +10.6%
2022	$5,593 -0.1%	$559,900 +20.9%
2021	$5,597 +27.8%	$463,200 +38.4%
2020	$4,380 +21.8%	$334,700 -3.6%
2019	$3,595 -8.7%	$347,100 +12.4%
2018	$3,938 +26.4%	$308,700 +20.6%
2017	$3,115	$256,050 +9.5%
2016	$3,115	$233,900 +5.2%
2014	$3,115	$222,400 +6.8%
2013	--	$208,200
2012	$2,721	--
2011	--	--
2010	--	--
2009	$2,872	--
2008	--	--
2007	$2,694 -33.4%	--
2006	$4,043 +48.1%	--
2005	$2,729	--
2004	--	--
2002	--	--
2001	$2,694 -1.9%	$166,700 +0.8%
2000	$2,747	$165,300