6628 Bailey Street SE, Lacey, WA 98513

$665,000
2,362
SqFt

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Listing courtesy of Skyline Properties, Inc..

List Price
$665,000
Status
ACTIVE
MLS#
2577769
Days on Market
57
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,362
Area Total SqFt
2362
Annual Tax Ammount
6354
Lot Size (sq ft)
6,382
Sewer
Sewer Connected

Property Description

Turnkey Duplex w/Possible Owner Financing & Golf course views! This oversized duplex features 2 huge units w/spacious functional layouts. Unit 1 - w/3 bedrooms, 2 baths – 1443sqft, primary bedroom w/full primary bath, walk-in closet w/double door entry, large kitchen w/tile counter tops, dining room, oversized windows, natural light, laundry room, closet space & private garage. Unit 2 - w/2 bedrooms, 1 bath – 919sqft, large primary bedroom w/large closet, large kitchen w/tile counter tops, dining room, oversized windows, natural light, laundry room, closet space & private garage. Both units have nice, engineered hardwood flooring, and tile countertops. Each unit has a private fenced yard & private garage. Prime location close to Costco, Major shopping malls, parks, multiple lakes, walking trails, outdoor activities, golf courses, schools, restaurants, hospitals, sports courts, play areas & bus lines. Easy access to I-5 for commuters. Great cash flowing property for Investors, Owner occupied buyers, VA buyers & Possible Owner Financing.

Additional Information

List Date
2026-07-15 00:58:11
Community
Horizon Pointe
Net Operating Income
$45,286
Gross Adjusted Income
$52,800
Gross Scheduled Income
$52,800
Total Monthly Income
$4,400
Insurance Expenses
$1,160
Gross Rent Multiplier
12
Total Expenses
$7,514
Cap Rate
6.8
Vacancy Rate
2
Total Number of Units
2
Unit Name
6628
Potential Terms
Cash, Conventional, FHA, Owner Will Carry, VA Loan
Year Built
2012
View
Golf Course, Territorial
Roof
Composition
Site Features
Fenced-Fully, Gas Available
Energy Source
Electric, Natural Gas
School District
North Thurston
Total Monthly Income
$4,400
Gross Scheduled Income
$52,800
Vacancy Rate
2
Gross Adjusted Income
$52,800
Tax Year
2026
Insurance Expense
$1,160
Total Expenses
$7,514
Net Operating Income
$45,286
Gross Rent Multiplier
12
Cap Rate
6.8
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.
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