6646 Kinwood Park Lane SE, Lacey, WA 98503

Property Description

Well-maintained triplex offering strong in-place performance and upside in a convenient Olympia location. Each of the three units features a 2-bedroom, 1-bath layout, with two units thoughtfully renovated to enhance comfort and efficiency. The property has benefited from strategic improvements that have increased overall performance by approximately 17%, creating a solid investment opportunity. All units are equipped with their own mini-split heat pumps for efficient heating and cooling, along with supplemental wall heaters. The upstairs unit is slightly larger and occupied by a long-term tenant, providing reliable rental history. A divided backyard offers private outdoor space for tenants. Additional income is generated through on-site coin-operated laundry. Parking is plentiful with six dedicated spaces, including three covered carport stalls. No HOA dues to impact cash flow or operations. Check out the virtual tour to see a different unit! Ideally suited for investors seeking a solid asset with modern updates, reliable tenancy, and room to continue optimizing returns.

Listing Status:

Pending

Data Last Updated:

February 14, 2026 at 10:19PM

Listing Office:

MVP Realty Group : 360-915-9123

Listing Agent:

Marti Baker : 360-915-9123

MLS ID:

2468139

Interior

• Flooring: VinylVinyl PlankCarpet
• A/C: Ductless
• Heating: DuctlessWall Unit(s)
• Fireplace: Fireplaces: 0

Exterior

• General: WoodWood Products
• Parking: Parking spaces: 3

Construction

• Roofing: Composition
• General: 53 - Tri-plexPoured Concrete

Location

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

Lot

• Zoning: 57690000200
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Septic Tank

Financial

• Source: nwmls