7523 7525 10th Way SE, Lacey, WA 98503
- $698,500
- 2,488
- SqFt
Listing Broker: Abbey Realty Inc; Jami R. Downing; 360-485-5511; jami@jamidowning.com
- List Price
- $698,500
- Status
- ACTIVE
- MLS#
- 2586815
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,488
- Area Total SqFt
- 2488
- Annual Tax Ammount
- 3343
- Internet Provider
- Xfinity/Comcast
- Lot Size (sq ft)
- 16,988
- Sewer
- Septic Tank
Property Description
1976 called & we are KEEPING the good stuff! This fab 1-Story DUPLEX is packed with vintage character including carved wood front doors, original geometric routed-groove solid wood cabinetry, select vintage lighting (hello tulip chandelier!) & fireplaces on BOTH sides, including a floor-to-ceiling brick fireplace w/slate hearth. PLUS UPGRADES! Each 2BR + Bonus/Den side of this duplex is 1244sf with newer electric forced-air furnace + heat pump for efficient heat & glorious A/C, newer vinyl windows, fresh interior & exterior paint, big Trex decks + 2017 roof replacement. Find generous living spaces with wood laminate, new carpet, big laundry rooms, loads of storage + flexible bonus rooms w/sliders that can change with the way you live, all on beautifully maintained .39 ACRE lot! Mature rhododendrons, Japanese maples & beautifully cared for landscaping surround the property, while 8’ tall wood fencing creates separate, private backyards for each side. Each home gets its own auto-door garage with extra-deep tandem bay to park 2 cars, giving this property 4 covered parking spaces, PLUS additional exterior covered storage out back & an extra-long driveway too! All kitchen appliances stay. One long-time tenant happy to stay or can move if needed. Live in one & rent the other, keep both as income properties or set up multigenerational living! Fast commuter location less than 20 minutes downtown Olympia or JBLM. Close to RAC, dog park, lakes or Hawks Prairie restaurants & shopping.
Additional Information
- List Date
- 2026-09-26 01:28:11
- Community
- Lacey
- Net Operating Income
- $42,589
- Gross Adjusted Income
- $47,796
- Gross Scheduled Income
- $47,796
- Total Monthly Income
- $47,796
- Insurance Expenses
- $1,864
- Gross Rent Multiplier
- 14.61
- Total Expenses
- $5,207
- Cap Rate
- 6.1
- Total Number of Units
- 2
- Unit Name
- 7523
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1976
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- North Thurston
- Elementary School
- Seven Oaks Elem
- Middle School
- Nisqually Mid
- High School
- River Ridge High
- Total Monthly Income
- $47,796
- Gross Scheduled Income
- $47,796
- Gross Adjusted Income
- $47,796
- Tax Year
- 2026
- Insurance Expense
- $1,864
- Total Expenses
- $5,207
- Net Operating Income
- $42,589
- Gross Rent Multiplier
- 14.61
- Cap Rate
- 6.1
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.