James & Angie Smith

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of RedfinNWMLSas Distributed by MLSGrid- MLS# NWM2472540MLS Provider

643 School Street SELacey, WA 98503

Multi-Family · 6 Beds · 2,600 Sq. ft. | 0.56 Acres
$682,000 Active

643 School Street SE Overview

Visits:
1

Fantastic opportunity to own a well-maintained duplex in Lacey with a strong rental history. Add to your investment portfolio or live in one side and rent the other. Each two-story unit features 3 bedrooms & 1.5 baths. Main floor living space w .5 bath, upstairs hosts bedrooms/full bath. Both units have large fenced yards, in-unit washer and dryer, a private single-car garage, and driveway parking. Ideally located, this property offers convenient access to shops, restaurants, schools, parks and freeway access. New Septic, Pumping Station & Drain field. New Hardie Plank Siding and Exterior Paint in 2023.

Virtual Tour
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

643 School Street SE Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,600
  • Price/Sq.ft. $262
  • Lot 0.56 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: North Thurston
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 18420
  • Insurance Expense: 1353
  • Net Operating Income: 20676
  • Total Expenses: 7138.66
  • Total Monthly Income: 1535
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1993

Location/Region

  • Country: US
  • County Or Parish: Thurston
  • MLS Area Major: 451 - Hawks Prairie
  • Subdivision Name: Lacey

Tax Information

  • Tax Annual Amount: $5,785.66
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 64200000100
  • 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: 2

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2600
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2600
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2600
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Fully Fenced
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 2

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Paved, Sidewalk
  • Lot Size Acres: 0.5587
  • Lot Size Square Feet: 24335
  • Lot Size Units: Square Feet
  • Pool Type: Community
  • Site Features: Cable TV, Fenced-Fully, Outbuildings, Patio
  • Elevation Units: Feet
  • Water Source: Community

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Cement Planked, Wood Products
  • Number Of Units Total: 2
  • Pool Features: Community
  • Sewer: Septic Tank

Unit Information

Unit 1 Details

  • Beds Total: 3
  • Baths Total: 2

Unit 2 Details

  • Actual Rent: 1535
  • Beds Total: 3
  • Baths Total: 2

643 School Street SE Neighborhood

Community

98503 (Olympia) 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.

643 School Street SE Monthly Cost

$
$ %
%
$
$
* 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.

643 School Street SE Market Data

Based on the last 30 days in this zip code

$504,096
Average List Price
$278
Average Price per Square Foot
32
Properties Sold
66
Average Days on Market
143
Properties for Sale
Calculations provided by Reliance Network

643 School Street SE History

Date Event Value Agent
4/21/2026Source: NWMLS Price Reduction
$682,000 -1.0%
3/6/2026Source: NWMLS Price Reduction
$689,000 -1.3%
1/30/2026Source: NWMLS Added to Database
January 30, 2026