7438 Mullen Road SE Unit #A-B, Lacey, WA 98503
- $549,999
- 1,765
- SqFt
Listing courtesy of Realty One Group Bold.
- List Price
- $549,999
- Status
- ACTIVE
- MLS#
- 2476490
- Price Change
- ▼ $10,000 1783387115
- Days on Market
- 171
- Style
- 52 - Duplex
- Finished SqFt
- 1,765
- Area Total SqFt
- 1765
- Annual Tax Ammount
- 5965
- Lot Size (sq ft)
- 13,275
- Sewer
- Septic Tank
Property Description
Well-maintained duplex tucked away on a quiet street in a highly desirable Lacey location, conveniently close to schools, shopping, and everyday amenities. This side-by-side property features two spacious 2-bedroom, 1-bath units, each with an attached garage and private fenced yard — an attractive setup for both tenants and owner-occupants. Designed with a functional, conventional layout, each unit offers a large living area, generous kitchen with direct backyard access, and in-unit washer and dryer. Strong rental history with recent upgrades. This desirable investment creates flexibility for investors or those looking to offset their mortgage through house hacking. With consistent rental performance, fair-market rents, and solid construction, this property presents an excellent opportunity to add a reliable asset to your investment portfolio. Units A and B are currently rented for $2,100 apiece!
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Additional Information
- List Date
- 2026-02-05 20:13:11
- Community
- Lacey
- Net Operating Income
- $42,368
- Gross Adjusted Income
- $54,000
- Gross Scheduled Income
- $50,400
- Total Monthly Income
- $4,200
- Insurance Expenses
- $2,067
- Gross Rent Multiplier
- 11.9
- Total Expenses
- $8,032
- Cap Rate
- 7
- Total Number of Units
- 2
- Unit Name
- 7438
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- North Thurston
- Elementary School
- Woodland Elem
- Middle School
- Komachin Mid
- High School
- Timberline High
- Total Monthly Income
- $4,200
- Gross Scheduled Income
- $50,400
- Gross Adjusted Income
- $54,000
- Tax Year
- 2025
- Insurance Expense
- $2,067
- Total Expenses
- $8,032
- Net Operating Income
- $42,368
- Gross Rent Multiplier
- 11.9
- Cap Rate
- 7
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.