James & Angie Smith

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Listing provided courtesy of Blue Summit Realty LLCNWMLSas Distributed by MLSGrid- MLS# NWM2534852MLS Provider

1214 Hall Street SE #A&BLacey, WA 98503

Multi-Family · 12 Beds · 5,620 Sq. ft. | 0.29 Acres
$1,299,950 Active

1214 Hall Street SE #A&B Overview

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Excellent quality newer investment opportunity offered substantially under assessed value. Two duplexes featuring 3 bedrooms, 2.5 bath each. All 4 units feature 2 car garages. Both duplexes feature extensive solid surface flooring granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2019 and exceptionally maintained. Long term leases in place and a great cap rate with room for continued growth. Exteriors feature custom accents and fenced yards. Close to all amenities and freeway access, with great schools nearby.

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1214 Hall Street SE #A&B Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,620
  • Price/Sq.ft. $231
  • Lot 0.29 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: North Thurston

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 102240
  • Insurance Expense: 2700
  • Net Operating Income: 78844
  • Total Expenses: 22373
  • Total Monthly Income: 8520
  • Water/Sewer/Garbage: 4800

Building Information

  • New Construction: No
  • Year Built: 2019

Location/Region

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

Tax Information

  • Tax Annual Amount: $14,873.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, VA Loan
  • Parcel Number: 59900000400
  • Possible Use: Residential
  • Property Condition: Very Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 8

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 5620
  • Building Area Units: Square Feet
  • Calculated Square Footage: 5620
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Foundation Details: Slab
  • Heating: Yes
  • Leasable Area: 5620
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 2

Unit Information

  • Unit Number: A&B

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 12
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.2938
  • Lot Size Square Feet: 12800
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet, Patio
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 8
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 4 Details

  • Actual Rent: 2070
  • Beds Total: 3
  • Baths Total: 3

Unit 2 Details

  • Actual Rent: 2095
  • Beds Total: 3
  • Baths Total: 3

Unit 3 Details

  • Actual Rent: 2160
  • Beds Total: 3
  • Baths Total: 3

Unit 1 Details

  • Actual Rent: 2195
  • Beds Total: 3
  • Baths Total: 3

1214 Hall Street SE #A&B Neighborhood

Community

98503 (LACEY) Demographics

38
Median Age
3,435
Population Density (per sq. mile)
42%
College Educated
$66,021
Estimated Median Income
9,391
Estimated Total Home Owners
7,740
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
2
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.

1214 Hall Street SE #A&B Monthly Cost

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* 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.

1214 Hall Street SE #A&B Market Data

Based on the last 30 days in this zip code

$499,610
Average List Price
$278
Average Price per Square Foot
31
Properties Sold
65
Average Days on Market
143
Properties for Sale
Calculations provided by Reliance Network

1214 Hall Street SE #A&B History

Date Event Value Agent
6/6/2026Source: NWMLS Added to Database
June 06, 2026