Emma Lazo

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of TS Property ManagementNWMLSas Distributed by MLSGrid- MLS# NWM2501659MLS Provider

1608 Ruddell Road SELacey, WA 98053

Multi-Family · 23 Beds · 12,424 Sq. ft. | 0.98 Acres
$2,650,000 Active

1608 Ruddell Road SE Overview

Visits:
1

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1608 Ruddell Road SE Facts & Features

  • Type Multi-Family
  • Sq. ft. 12,424
  • Price/Sq.ft. $213
  • Lot 0.98 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: North Thurston
  • Elementary School: Mountain View Elementary
  • Middle Or Junior School: Chinook Mid
  • High School: North Thurston High

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Total Expenses: 0
  • Total Monthly Income: 14790
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1978

Location/Region

  • Country: US
  • County Or Parish: Thurston
  • MLS Area Major: 450 - Lacey
  • Subdivision Name: Lacey

Community/Development

  • Amenities: Coin Op Laundry,Storage

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Parcel Number: 43800000100
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 4

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 12424
  • Building Area Units: Square Feet
  • Calculated Square Footage: 12424
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Engineered Hardwood, Carpet
  • Foundation Details: Poured Concrete, Slab
  • Heating: Yes
  • Leasable Area: 11926
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 25
  • Parking Uncovered Total: 25

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Sidewalk
  • Lot Size Acres: 0.9818
  • Lot Size Square Feet: 42767
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 13
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Beds Total: 2
  • Baths Total: 1

Unit 5 Details

  • Beds Total: 3
  • Baths Total: 3

Unit 6 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 7 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 8 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 9 Details

  • Beds Total: 3
  • Baths Total: 1

Unit 10 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 11 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 12 Details

  • Beds Total: 1
  • Baths Total: 1

Unit 13 Details

  • Beds Total: 3
  • Baths Total: 1

1608 Ruddell Road SE Neighborhood

Community

98053 (Redmond) Demographics

43
Median Age
803
Population Density (per sq. mile)
77%
College Educated
$151,525
Estimated Median Income
7,177
Estimated Total Home Owners
1,395
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1608 Ruddell Road SE Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1608 Ruddell Road SE Market Data

Based on the last 30 days in this zip code

$1,735,645
Average List Price
$608
Average Price per Square Foot
19
Properties Sold
59
Average Days on Market
139
Properties for Sale
Calculations provided by Reliance Network

1608 Ruddell Road SE History

Date Event Value Agent
4/2/2026Source: NWMLS Added to Database
April 02, 2026
4/2/2026Source: NWMLS Added to Database
April 02, 2026