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Listing courtesy of NWMLS / eXp Realty

5649 45th Avenue SE

Lacey, WA 98503

– beds
– baths
2,360 sqft
~1/2 acre lot
$266 per sqft
1977 build

Welcome to a unique and lucrative opportunity for investors, developers, or owner-occupants seeking strong cash flow potential and future development upside. This remodeled duplex sits on a generous .38 acre lot, offering both turn-key living and the ability to expand and maximize value. With a use code that allows for 2-4 units and an 18 bedroom septic, this property presents the rare chance to earn immediate rental income while planning your next high-return investment move. Each side of the stylish and spacious duplex has been remodeled to deliver modern comfort and timeless appeal. Both Unit A and Unit B feature 3 bedrooms and 1.5 bathrooms, offering functional layouts ideal for tenants or owner-users. Owner is a licensed agent.

Listing courtesy of NWMLS / eXp Realty

Last checked: Checking… • Last updated Jul 17, 2025 •

MLS# 2409433 —

The Building

Year Built:

1977
New Construction:

false
Structure Type:

Duplex
Roof:

Composition
Foundation Details:

Poured Concrete
Security Features:

Partially Fenced
Exterior Features:

Wood Products
Units In Building Total:

2
# of Units Total:

2
Stories Total:

1
Building Area Total:

2360
Building Area Units:

Square Feet
Calculated SqFt:

2360
SqFt Source:

County Records
Construction Materials:

Wood

Interior

Flooring:

Laminate, Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing, Subject to Tenant Rights

Location

Latitude:

47.006712
Longitude:

-122.808489
Directions:

GPS Works

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Parcel Number:

11833130203
Lot Features:

Corner Lot, Cul-De-Sac, Dead End Street
Lot Size Units:

Square Feet
Lot Size Acres:

0.38
Lot Size SqFt:

16553
Lot Size Source:

County Records
Zoning Jurisdiction:

City
View:

false
Waterfront:

false
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

5234

Beds

Bedrooms Possible:

18

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

true
Heating:

true
Cooling:

Ductless
Heating:

Baseboard, Ductless

Utilities

Water Company:

City Of Lacey
Water Source:

Public
Sewer:

Septic Tank
Power Company:

Pse
Cable Connected:

Xfinity

Schools

High School District:

North Thurston

The Community

Subdivision Name:

Lacey
Senior Community:

false
Association:

false

Parking

Parking Total:

6
Parking Uncovered Spaces:

4
Open Parking:

true
Open Parking Spaces:

4
Garage SqFt:

520
Carport:

false
Covered Spaces:

2

Listing courtesy of NWMLS / eXp Realty

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Thu Jul 17 2025 08:08 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
7/17/25 Jul 17, 2025	Listed / Active	NWMLS	$629,900

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This multifamily located in The Lakes, Lacey, WA 98503 is currently for sale for $629,900. 5649 45th Avenue SE is a 2,360 square foot multifamily with – beds and – baths. 5649 45th Avenue SE is in the The Lakes neighborhood of Lacey. This multifamily is in the attendance area of Komachin Middle School, Lakes Elementary School, and Timberline High School.

Listing courtesy of NWMLS / eXp Realty

Disclaimer: The information contained in this listing has not been verified by eXp Realty and should be verified by the buyer.