4015 16th Lane Northeast

Olympia, WA 98506

$1,399,999
Price
12
Beds
6
Baths
5,742 Sq. Ft.
$244 / Sq. Ft.
5,742
Sq. Ft.
$244
per Sq. Ft.

Pending

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Pending

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Listing provided courtesy of Keller Williams Realty

Description

Investors, take note! This rare opportunity in the heart of Lacey, WA, boasts three duplexes on a sprawling 2-acre lot—a prime location with endless potential. Each unit offers a spacious 2-bedroom, 1-bath, 957 sqft rambler-style layout with an attached 1-car garage, ensuring tenant comfort and convenience. With long-term tenants already in place and significant upside rent potential, this property is a solid investment. Zoned R 4-8, the lot offers exciting development possibilities for future growth....Investors, take note! This rare opportunity in the heart of Lacey, WA, boasts three duplexes on a sprawling 2-acre lot—a prime location with endless potential. Each unit offers a spacious 2-bedroom, 1-bath, 957 sqft rambler-style layout with an attached 1-car garage, ensuring tenant comfort and convenience. With long-term tenants already in place and significant upside rent potential, this property is a solid investment. Zoned R 4-8, the lot offers exciting development possibilities for future growth. The large yard, private patios, and ample driveway parking add to the property's appeal. Don't miss your chance to own this versatile investment in a high-demand area! Estate Sale. F17 Exempt. Buyer To Verify All Information.
  1. Listed by Rebecca Del Pozo • Keller Williams Realty
  2. Listed by Mike Greer • Keller Williams Realty

Property Details for 4015 16th Lane Northeast

Community Name
Olympia
School District
North Thurston
View
Territorial
Number of Assigned Spaces
16
Total Covered Parking
6
Entry Date
12-13-2024
Energy Source
Natural Gas
Sewer
Septic Tank
LISTING UPDATED: 12/24/2024 11:29 PM

Property Details for 4015 16th Lane Northeast

StatusPending
MLS #2316618
Days on Market11
Cumulative Days on Market11
Taxes$13,403 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size2.00 AC / 87,120 SF
CountyThurston County

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Building Information for 4015 16th Lane Northeast

Stories1Residences6Year Built1986Building Size-Lot Size2.00 AC / 87,120 SF

Property Information for 4015 16th Lane Northeast

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Patio
  • Area: 447 - Olympia North
  • Elementary School: Pleasant Glade Elem
  • Middle Or Junior School: Chinook Mid
  • High School: North Thurston High
  • Directions: I-5 to Sleater Kinney N exit. Cross Martin Way on Sleater Kinney Rd and take a left on 16th Ln.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
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Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Ceramic Tile, Vinyl, Carpet
  • Features: Ceramic Tile, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4000
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: City Of Lacey
  • Power Production Type: Natural Gas
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Details: Cul-De-Sac, Curbs, Dead End Street, Secluded, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 11808310400
  • Calculated Square Footage: 5742
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5742.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 20903
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 18.18
  • Gross Scheduled Income: $76,980
  • Insurance Expense: $3,500
  • Net Operating Income: $56,077
  • Other Expenses: $0
  • Total Monthly Income: 6415
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 4015
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 957
  • Rent Unit 1: $1,025.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 4017
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 957
  • Rent Unit 2: $1,200.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 4023
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 957
  • Rent Unit 3: $1,015.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4027
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 957
  • Rent Unit 4: $1,000.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 4031
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 957
  • Rent Unit 5: $1,150.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 4035
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 957
  • Rent Unit 6: $1,025.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5742.0
  • Leasable Area Units: Square Feet

Property History for 4015 16th Lane Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4015 16th Lane Northeast

Taxable ValueLand$117,200Additions$787,700Total$904,900
Tax Record2023$9,242 ($770 / month)
Home Facts
Baths6Total Finished SqFt1,914 SqFtAbove Ground SqFt1,914 SqFtStories1Lot Size87,120 SqFtStyleMulti-Family Dwelling (2-4)Year Built1986Year Renovated1999CountyTHURSTONAPN1180-83-10400Fireplace TypeHas Fireplace

Schools near 4015 16th Lane Northeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Pleasant Glade Elementary School
Public - PK to 5
Chinook Middle School
Public - 6 to 8
North Thurston High School
Public - 9 to 12
Ignite Family Academy
Public - K to 8
Rating
School
Distance
Pleasant Glade Elementary School
PublicPK to 5

Chinook Middle School
Public6 to 8

North Thurston High School
Public9 to 12

Ignite Family Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.