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$849,950 Just Listed
Property Description
Rare opportunity to own a newer duplex featuring 3 large bedrooms plus a bonus room, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.
Full Property Details
Full Property Details for 3120 Ponderosa St NE
General
- Price: $849,950
- HOA FEE: $55/month
- HOA FEE FREQ.: Annually
- Taxes: $10,083 (2026)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2528928
- Updated: 5/27/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: Vinyl Plank
Additional Information
- Amenities: Cable TV, Fenced-Partially, High Speed Internet, Patio
- Security/Safety: Partially Fenced
Parking
- Garage Spaces: 4
- Covered Spaces: 4
- Uncovered Spaces: 4
Location
- Area: 446 - Thurston Ne
- County: Thurston
- Subdivision: Lacey
- Building Name: Gateway North
- Driving Directions: From I-5, North on Marvin, left on 32nd, left on Ponderosa.
School Information
- High School District: North Thurston
Community
- Association: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: 90%+ High Efficiency, Ductless
- Heating Type: 90%+ High Efficiency, Ductless, Wall Furnace
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Duplex
- Exterior Const.: Cement/Concrete, Wood, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
- Stories in Building: 2
- Square Feet: 3,484
- Year Built: 2020
- Property Condition: Very Good
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.1088
- Lot Size (Sq. Ft.): 4,740
- Lot Size Source: Public records
- Lot Features: Curbs, Paved, Sidewalk
- Zoning: Multi-Family
Financial Considerations
- Association Fee: $660
- Assoc Fee Freq.: Annually
- Tax Amount: $10,083
- Tax Year: 2026
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 50330000700
Listed by Brian J Dermanoski | Blue Summit Realty LLC | (360) 688-4073
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Schools
Schools serving 3120 Ponderosa St NE
School District:North Thurston Public Schools
| Name | Grades | Distance |
|---|---|---|
Pleasant Glade Elementary School 1920 Abernethy Rd NE, Lacey, WA 98516 | PK-5 | 2 mi |
Chinook Middle School, Lacey, WA 4301 6th Ave NE, Lacey, WA 98516 | 6-8 | 2.5 mi |
North Thurston High School 600 Sleater Kinney Rd NE, Lacey, WA 98506 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3120 Ponderosa St NE
Date
Details
Price
Change
Source
5/27/2026
Listed
$849,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3120 Ponderosa St NE
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,399
-1%
$973,400
6%
2025
$9,506
20%
$915,700
48%
2021
$7,923
2%
$619,800
-24%
2023
$7,759
-2%
$815,900
28%
2021
$7,923
—
$635,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3120 Ponderosa St NE
3120 Ponderosa Street NE, Lacey, WA 98516 (MLS# 2528928) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 3120 Ponderosa Street NE is currently listed for $849,950 and was received on May 27, 2026. Want to learn more about 3120 Ponderosa Street NE? Do you have questions about finding other Multi-Family real estate for sale in Central Lacey? You can browse all Central Lacey real estate or contact a Coldwell Banker agent to request more information.
