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1608 Ruddell Road Se, 
Lacey, WA 98053

$2,650,000

—

Bed

—

Bath

12,424

Sq Ft

Multi-Family

Active

Listed by

Brian Shin

Ts Property Management

Last updated:

May 18, 2026, 12:32 AM

MLS#

2501659

Source:

NWMLS

About This Home

1608 Ruddell Road Se

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.

Home Facts

Multi-Family

Built in 1978

Price Summary

2,650,000

$213 per Sq. Ft.

MLS #:

2501659

Last Updated:

May 18, 2026, 12:32 AM

Rooms & Interior

Interior

Living Area:

12,424 Sq. Ft.

Structure

Structure

Building Area:

12,424 Sq. Ft.

Year Built:

1978

Lot

Lot Size (Sq. Ft):

42,767

Finances & Disclosures

Finances

Price:

$2,650,000

Price per Sq. Ft:

$213 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 19, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.