About 1608 Ruddell Road Se
Rare add-value multifamily investment opportunity in Lacey! This well-maintained portfolio includes 3 tax parcels with 13 total units: one parcel features a single-family home and a 4-plex, while the other two parcels each include a 4-plex. All units are fully occupied with strong rental history. Conveniently located near I-5, JBLM, shopping, and schools. Great mix of unit types, stable income, and future upside. Ideal for both seasoned and new investors looking for scale and long-term growth in a strong rental market.
Features of 1608 Ruddell Road Se
| MLS® # | 2501659 |
|---|---|
| Price | $2,650,000 |
| Square Footage | 12,424 |
| Acres | 0.98 |
| Year Built | 1978 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1608 Ruddell Road Se |
|---|---|
| Area | 450 - Lacey |
| Subdivision | Lacey |
| City | Lacey |
| County | Thurston |
| State | WA |
| Zip Code | 98053 |
Amenities
| Parking Spaces | 25 |
|---|---|
| # of Garages | 4 |
| Is Waterfront | No |
Interior
| Heating | Baseboard, Forced Air, Heat Pump |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Paved, Sidewalk |
| Foundation | Poured Concrete, Slab |
School Information
| District | North Thurston |
|---|---|
| Elementary | Mountain View Elementary |
| Middle | Chinook Mid |
| High | North Thurston High |
Additional Information
| Date Listed | April 2nd, 2026 |
|---|---|
| Days on Market | 147 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | TS Property Management |
|---|