Updated and Affordable Housing. Amazing home conversion to include 4 units ranging from 240 sq ft to 1300 sq ft and added bonus a partially finished office/studio rental apartment and potential RV storage unit. Updated paint, flooring, fixtures and appliances. All units are cozy and a private lot which affords room for tenants with nice decks and covered patio. All units feature their own washer and dryer and rent includes utilities. Great units for extended living, assisted living or great investment opportunity. Also featured is a cabana and extra spot for RV storage, units are centrally located in Lacey close to parks, shopping, JBLM and freeway access.
Pending inspection
Listed by:
Bob Jorgenson,
Coldwell Banker Evergreen
$699,500
5514 22nd Avenue SE, Lacey, WA 98503
6beds
5baths
2,440sqft
Est.:
Quadruplex
Built in 1962
-- sqft lot
$696,700 Zestimate®
$287/sqft
$-- HOA
What's special
Covered patioNice decksPrivate lot
- 16 days
- on Zillow |
- 507 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 01:13pm
Listed by:
Bob Jorgenson,
Coldwell Banker Evergreen
Source: NWMLS,MLS#: 2353975

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- 90%+ High Efficiency, Forced Air
Cooling
- Heat Pump
Features
- Flooring: Concrete, Hardwood, Laminate, Vinyl, Laminate Hardwood
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 2,440
- Total interior livable area: 2,440 sqft
Property
Parking
- Total spaces: 6
- Parking features: RV Parking
- Uncovered spaces: 1
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.66 Acres
- Features: Paved, Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking
Details
- Parcel number: 54000101200
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1962
- Major remodel year: 1989
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Lacey
- Water: Public, Company: City of Lacey
- Utilities for property: Xfinty, Xfinity
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Lacey
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $287/sqft
- Tax assessed value: $587,800
- Annual tax amount: $6,105
- Date on market: 4/8/2025
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 18 days
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