Courtesy of Realty One Group Enterprise and NWMLSNWMLS

OverviewEstate Overview - $539,000Closed

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2509 College Street,

Lacey, WA 98503

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...See More

  • 4 Beds
  • 3 Baths
  • 2300 Sqft
  • Houses

OverviewListing Details

Status:Closed
Original Listing Price: $ 539,000
Listing Date: 03/02/2026
Days on dealty:Was on Dealty for 59 days
County:Thurston
MLS Type:NWMLSNWMLS
Built In:1958
Has HOA:No
Status Change Date:April 30, 2026
Pool:No
Cumulative Days on market:28 days
Last Updated:05/29/2026, 10:42:38 PM
*Please Contact Lister for more information.

FeaturesProperty Features

Design
  • Property subtype: Single Family Residence
  • Construction materials: Wood
  • Roof: Composition
  • Architectural style: Contemporary
Flooring
  • Ceramic Tile
  • Hardwood
  • Laminate
Interior Spaces
  • Interior features: Second Kitchen, Ceiling Fan(s), Dining Room, Fireplace, Pantry, Vaulted Ceiling(s)
  • Basement: Finished
  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, See Remarks, Stove(s)/Range(s), Washer
Bedrooms & Bathrooms
  • 4 - Bedrooms
  • 3 - Bathrooms
Exteriors
  • Exterior features: Wood, Wood Products,
  • View: Territorial
Lot Details
  • Lot size: 0.2284 Acres / 9950 Square feet
  • Topography : Level

AmenitiesAmenities

Utilities
  • Cooling - Ductless
  • Heating - Ductless, Fireplace Insert, Forced Air, Wall Furnace
Laundry
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Parking
  • Parking Features: Detached Carport, Driveway, Attached Garage

HOAHOA & Financial

Primary HOA
    No
Second HOA
    No
Third HOA
    No

OverviewOpen House

* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

Schools & Neighborhood

Schools
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Neighborhood
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NeighborhoodExplore The Area

Similar HomesSimilar Homes

AgentListing Agent

Agent
Walter Cave

(Realty One Group Enterprise)

MLS # NWM2485512

2509 College Street

Lacey, WA 98503

$539,000
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FOR MORE PHOTOS VISIT
https://www.dealty.ai/buy/home/2509-college-street-lacey-wa-98503
Bedrooms
4
Bathrooms
3
Approx sqft
2300
Year Built
1958
Garage
12
Lot Size
9950 sqft/ 0.229 acres

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...(Visit the link to Get more info)

AGENT CONTACT

Northwest Multiple Listing Service

Based on information submitted to MLS Grid as of 05/29/2026, 10:42:38 PM. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used solely to identify prospective properties that consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed by MLS Grid. All information should be independently reviewed and verified. Open house information is subject to change without notice. Properties may or may not be listed by the office or agent presenting the information.