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$599,999

  • For Sale
  • Active
  • Multi-Family
  • 2 Car Garage
  • Updated 8 days ago

Listed by Tucker Stanley | Realty One Group Bold | (360) 634-8600

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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!

Full Property Details for 7438 Mullen Rd SE #A-B

General

  • Price: $599,999
  • Taxes: $5,965 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2476490
  • Updated: 2/5/2026
  • Added to Site: 12 day(s) ago

Interior

  • Flooring: Laminate, Vinyl

Additional Information

  • Amenities: Fenced-Partially, Patio
  • Security/Safety: Partially Fenced

Parking

  • Garage Spaces: 2
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Uncovered Spaces: 2

Location

  • Area: 450 - Lacey
  • County: Thurston
  • Subdivision: Lacey
  • Driving Directions: South on Carpenter Road. Turn Right at the stop light on 45th and follow road around. Property will be on your left.

School Information

  • High School District: North Thurston
  • Elementary School: Woodland Elem
  • Middle School: Komachin Mid
  • High School: Timberline High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Unit(s)

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Wood Products
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 1,765
  • Year Built: 1977

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.3048
  • Lot Size (Sq. Ft.): 13,275
  • Lot Size Source: Assessors

Financial Considerations

  • Tax Amount: $5,965
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 55650000400

Listed by Tucker Stanley | Realty One Group Bold | (360) 634-8600

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NMLS#: 1598647

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Schools serving 7438 Mullen Rd SE #A-B

School District:North Thurston Public Schools
NameGradesDistance
Woodland Elementary School, Lacey, WA
4630 Carpenter Road Southeast, Lacey, WA 98503
PK-50.2 mi
Nisqually Middle School
8100 Steilacoom Road Southeast, Lacey, WA 98503
6-83 mi
Timberline High School
6120 Mullen Road Southeast, Lacey, WA 98503
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7438 Mullen Rd SE #A-B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2026
Listed
$599,999
41.18%
MLS
3/29/2021
Sold
$425,000
—
Public Record
Get Price Alerts and Save Property
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 for 7438 Mullen Rd SE #A-B

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,477
47%
$527,200
54%
2021
$3,724
-13%
$342,600
-24%
2023
$4,280
15%
$449,600
51%
2021
$3,724
10%
$298,100
6%
2020
$3,372
52%
$280,400
38%
2019
$2,218
-11%
$202,500
9%
2018
$2,489
27%
$185,300
21%
2017
$1,963
-3%
$153,750
-3%
2016
$2,019
3%
$159,050
6%
2015
$1,963
-3%
$149,950
-6%
2014
$2,028
—
$160,150
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Tucker Stanley | Realty One Group Bold | (360) 634-8600

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7438 Mullen Road SE #A-B, Lacey, WA 98503 (MLS# 2476490) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 7438 Mullen Road SE #A-B is currently listed for $599,999 and was received on February 04, 2026. Want to learn more about 7438 Mullen Road SE #A-B? Do you have questions about finding other Multi-Family real estate for sale in Lacey? You can browse all Lacey real estate or contact a Coldwell Banker agent to request more information.

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