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7438 Mullen Road SE , A-B

Lacey, WA 98503
  • $589,999
  • STATUS: Active
  • MLS #: 2476490
$589,999
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,765
    SQFT
  • $334
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Realty One Group Bold.
Mortgage Calculator is provided by BoomTown.

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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MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tri-Cities Realty Group, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-03-16T00:14:33.843. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-03-16T00:14:33.843. 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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7438 Mullen Road SE , A-B Lacey, WA 98503

  • Price: $589,999
  • Status: Active
  • On Site: Days
  • MLS #: 2476490
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1,765
SQFT
$334
$/SQFT
1977
Built
Neighborhood:
Lacey
County:
Thurston
Area:
Lacey
Elementary School:
Woodland Elem
Middle School:
Komachin Mid
High School:
Timberline High
School District:
North Thurston
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!
Exterior Features

Carport Spaces 2 Carport YN No Covered Spaces 2 Exterior Features Wood Products Open Parking YN No Roof Composition Structure Type Duplex Style Code 52 - Duplex View Territorial View YN Yes Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 1765 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring LaminateVinyl Heating Wall Unit(s) Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Irrigation Water Rights YN No Listing Terms CashConventionalFHAVA Loan Net Operating Income 42368 New Construction YN No Possession Closing Power Company PSE Power Production Type Electric Property Sub Type Multi Family Security Features Partially Fenced Senior Community YN No Sewer Septic Tank Site Features Fenced-PartiallyPatio Special Listing Conditions None Tax Annual Amount 5965 Tax Year 2025 Water Company City of Lacey Water Source Public Year Built Effective 1977

MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tri-Cities Realty Group, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-03-16T00:14:33.843. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-03-16T00:14:33.843. 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.

Digital Millennium Copyright Act
 
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Logo
Tri-Cities Realty Group, LLC
1919 N 20th Ave
Pasco WA, 99301
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Realty One Group Bold.
Mortgage Calculator is provided by BoomTown.