1608 Ruddell Road SE
Lacey, WA 98053
Map
- – beds
- – baths
- 12,424 sqft
- ~1 acre lot
- $225 per sqft
- 1986 build
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.
Last checked:
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Last updated Jun 30, 2025
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MLS# 2398692 —
The Building
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Year Built:1978
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Year Built:1986
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Roof:Composition
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Foundation Details:Poured Concrete, Slab
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Exterior Features:Wood
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Units In Building Total:13
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# of Units Total:13
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Stories Total:2
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Building Area Total:12424
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Building Area Units:Square Feet
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Calculated SqFt:12424
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SqFt Source:Public Record
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Construction Materials:Wood
Interior
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Flooring:Engineered Hardwood, Carpet
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.031468
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Longitude:-122.817501
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Directions:From I-5, take Exit 109. Head west on Martin Way, turn left on College St, then left on Lacey Blvd. Turn right on Judd St SE. Property is on the right at 1608 Judd St SE.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Property Condition:Good
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Parcel Number:43800000100
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Lot Features:Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Acres:0.9818
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Lot Size SqFt:42767
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Lot Size Source:Public Record
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Zoning Jurisdiction:City
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View:false
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Waterfront:false
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Additional Parcels Description:43800000200,43800000300
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (253) 512-1000
- Office phone:
- (253) 512-1000
Taxes
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Tax Year:2025
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard, Forced Air, Heat Pump
Utilities
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Water Company:City Of Lacey
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:City Of Lacey
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Power Company:Pse
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Cable Connected:Xfinity
Schools
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Elementary School:Mountain View Elementary
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Middle Or Junior School:Chinook Mid
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High School:North Thurston High
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High School District:North Thurston
The Community
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Subdivision Name:Lacey
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Amenities:Coin Op Laundry,Storage
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Senior Community:false
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Association:false
Parking
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Parking Total:29
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Parking Uncovered Spaces:25
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Open Parking:true
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Open Parking Spaces:25
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Carport:false
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Covered Spaces:4
Listing courtesy of NWMLS / TS Property Management
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/30/25
Jun 30, 2025
|
Pending | NWMLS | $2,800,000 | |
|
6/27/25
Jun 27, 2025
|
Listed / Active | NWMLS | $2,800,000 |
