Well-maintained duplex tucked away on a quiet street in a highly desirable Lacey location, conveniently close to schools, shopping, and everyday amenities. This side-by-side property features two spacious 2-bedroom, 1-bath units, each with an attached garage and private fenced yard — an attractive setup for both tenants and owner-occupants. Designed with a functional, conventional layout, each unit offers a large living area, generous kitchen with direct backyard access, and in-unit washer and dryer. Strong rental history with recent upgrades. This desirable investment creates flexibility for investors or those looking to offset their mortgage through house hacking. With consistent rental performance, fair-market rents, and solid construction, this property presents an excellent opportunity to add a reliable asset to your investment portfolio. Units A and B are currently rented for $2,100 apiece!
Pending
Listed by: Realty One Group Bold • Tucker Stanley
Price cut: $25K (7/29)
$525,000
7438 Mullen Road SE #A-B, Lacey, WA 98503
4beds
2baths
1,765sqft
Duplex, Multi Family
Built in 1977
-- sqft lot
$520,200 Zestimate®
$297/sqft
$-- HOA
What's special
Attached garagePrivate fenced yardIn-unit washer and dryerFunctional conventional layoutQuiet street
- --
- on Zillow
- 74
- views
- 1
- save
Zillow last checked:
Listing updated:
Listed by:
Tucker Stanley,
Realty One Group Bold
Source: NWMLS as distributed by MLS GRID,MLS#: 2476490
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Laminate, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,765
- Total interior livable area: 1,765 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
- Uncovered spaces: 2
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.3 Acres
- Features: Fenced-Partially, Patio
Details
- Parcel number: 55650000400
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Products
- Roof: Composition
Condition
- Year built: 1977
- Major remodel year: 1977
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank
- Water: Public, Company: City of Lacey
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $297/sqft
- Annual tax amount: $5,965
- Date on market: 2/4/2026
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$520,200
$494,000 - $546,000
$2,071/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Pending sale | $525,000$297/sqft |
Source:  NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 9/1/2026 | Listed for sale | $525,000$297/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 8/26/2026 | Pending sale | $525,000$297/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 7/29/2026 | Price change | $525,000-4.5%$297/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 7/6/2026 | Price change | $549,999-1.8%$312/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 6/11/2026 | Price change | $559,999-1.8%$317/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 5/22/2026 | Listed for sale | $569,999$323/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 5/21/2026 | Pending sale | $569,999$323/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 5/13/2026 | Price change | $569,999-1.7%$323/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 4/1/2026 | Price change | $579,999-1.7%$329/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 2/20/2026 | Price change | $589,999-1.7%$334/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 2/4/2026 | Listed for sale | $599,999+41.2%$340/sqft |
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem | ||
| 4/6/2021 | Sold | $425,000+13.3%$241/sqft |
Source: NWMLS as distributed by MLS GRID #1737722 Report a problem | ||
| 3/9/2021 | Pending sale | $375,000$212/sqft |
Source: NWMLS as distributed by MLS GRID #1737722 Report a problem | ||
| 3/4/2021 | Listed for sale | $375,000$212/sqft |
Source: NWMLS as distributed by MLS GRID #1737722 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98503
Nearby schools
Schools provided by the listing agent
- Elementary: Woodland Elem
- Middle: Komachin Mid
- High: Timberline 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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