This listing courtesy of Walter Cave , Realty One Group Enterprise

$539,000

2509 College Street SE, Lacey, WA 98503

4 beds |
3 baths |
2,300 sqft

Single-Family Home
Built in 1958
9,949sqft lot
—— car garage
$234/sqft
Listed 1 month ago

Property Description

Investor Opportunity! Maximize returns with this versatile property—easily configured into three income-generating units. Ideal for multigenerational living or military buyers seeking passive income. High-visibility frontage creates the perfect setup for a home-based business, with multiple streams of revenue. Remarkable 4BR home offering exceptional versatility! Meticulously maintained, this spacious layout includes three independent living areas that can easily reconnect for multi-generational living or solid rental income. The downstairs was previously rented for $1,500/mo, the upstairs for $1,800/mo, and the separate salon unit—featuring beautiful cedar walls/ceilings and three stations—currently rents for $1,200/mo as a living space. This unit is also perfect for a home business or creative studio! Major updates were completed in 1998, and the home includes a newer roof. Enjoy massive parking for 10+ vehicles plus a 2-car carport. Ideally located near shopping, dining, and bus lines. Sold As-Is. Rate buydown and closing cost assistance are available through our partner lender!

Listing Status:: Pending
Data Last Updated:: April 3, 2026 at 7:19AM
Listing Office:: Realty One Group Enterprise : 425-453-4597
Listing Agent:: Walter Cave : 425-453-4597
MLS ID:: 2485512

General: Second KitchenCeiling Fan(s)Dining RoomFireplacePantryVaulted Ceiling(s)
Appliances: DishwasherDisposalDryerRefrigeratorSee RemarksStove(s)/Range(s)Washer
Basement: Finished
Flooring: Ceramic TileHardwoodLaminate
A/C: Ductless
Heating: DuctlessFireplace InsertForced AirWall Furnace
Fireplace: Wood BurningFireplaceFireplaces: 1

General: WoodWood Products
Parking: Detached CarportDrivewayAttached GarageParking spaces: 12

Roofing: Composition
General: OnePoured ConcreteSlab

HOA Amenities: 0.0
Originating MLS: nwmls
School District: North Thurston
County: Thurston

Topography: Level
Zoning: 63500200200
View: TerritorialView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Walter Cave , Realty One Group Enterprise

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lacey Elementary School

1800 Homann Dr SE, Lacey, WA, 98503

Grades KG-5

1.02 miles away

Komachin Middle School

3650 College St SE, Lacey, WA, 98503

Grades 6-8

0.65 miles away

Timberline High School

6120 Mullen Rd SE, Lacey, WA, 98503

Grades 9-12

1.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.