Active

Listed by: Realty One Group Bold

Price cut: $10K (2/20)

$589,999

7438 Mullen Road SE #A-B, Lacey, WA 98503

4beds

2baths

1,765sqft

Est.:

Duplex

Built in 1977

-- sqft lot

$589,100 Zestimate^®

$334/sqft

$-- HOA

What's special

Attached garagePrivate fenced yardIn-unit washer and dryerFunctional conventional layoutQuiet street

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!

49 days

496

24

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Wall Unit(s), Electric

Cooling

None

Features

Flooring: Laminate, Vinyl
Has fireplace: No

Interior area

Total structure area: 1,765
Total interior livable area: 1,765 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 2
Carport spaces: 2
Covered spaces: 4
Uncovered spaces: 2

Features

Has view: Yes
View description: Territorial

Lot

Size: 0.3 Acres
Features: Fenced-Partially, Patio

Details

Parcel number: 55650000400
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Wood Products
Roof: Composition

Condition

Year built: 1977
Major remodel year: 1977

Utilities & green energy

Electric: Company: PSE
Sewer: Septic Tank
Water: Public, Company: City of Lacey

Community & HOA

Community

Subdivision: Lacey

Location

Region: Lacey

Financial & listing details

Price per square foot: $334/sqft
Annual tax amount: $5,965
Date on market: 2/3/2026
Cumulative days on market: 50 days
Listing terms: Conventional,FHA,VA Loan

Estimated market value

$589,100

$560,000 - $619,000

$1,799/mo

Price history

Date	Event	Price
2/20/2026	Price change	$589,999-1.7%$334/sqft
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem
2/4/2026	Listed for sale	$599,999+41.2%$340/sqft
Source: NWMLS as distributed by MLS GRID #2476490 Report a problem
4/6/2021	Sold	$425,000+13.3%$241/sqft
Source: NWMLS as distributed by MLS GRID #1737722 Report a problem
3/9/2021	Pending sale	$375,000$212/sqft
Source: NWMLS as distributed by MLS GRID #1737722 Report a problem
3/4/2021	Listed for sale	$375,000$212/sqft
Source: NWMLS as distributed by MLS GRID #1737722 Report a problem

Public tax history

Tax history is unavailable.

BuyAbility℠ payment

Est. payment

$3,401/mo

Principal & interest

$3003

Property taxes

$398

More affordability tools

Climate risks

Neighborhood: 98503

Getting around

16 / 100

Car-Dependent

27 / 100

Some Transit

32 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Woodland Elementary School
Grades: K-5Distance: 0.2 mi
2/10
Nisqually Middle School
Grades: 6-8Distance: 3 mi
7/10
Timberline High School
Grades: 9-12Distance: 1 mi

Schools provided by the listing agent

Elementary: Woodland Elem
Middle: Komachin Mid
High: Timberline High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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