643 School St SE

3
Baths
2,600 Sq. Ft.
$268 / Sq. Ft.
2,600
Sq. Ft.
$268
per Sq. Ft.

Description

Fantastic opportunity to own a well-maintained duplex in Lacey with a strong rental history. Add to your investment portfolio or live in one side and rent the other. Each two-story unit features 3 bedrooms & 1.5 baths. Main floor living space w .5 bath, upstairs hosts bedrooms/full bath. Both units have large fenced yards, in-unit washer and dryer, a private single-car garage, and driveway parking. Ideally located, this property offers convenient access to shops, restaurants, schools, parks and freeway...Fantastic opportunity to own a well-maintained duplex in Lacey with a strong rental history. Add to your investment portfolio or live in one side and rent the other. Each two-story unit features 3 bedrooms & 1.5 baths. Main floor living space w .5 bath, upstairs hosts bedrooms/full bath. Both units have large fenced yards, in-unit washer and dryer, a private single-car garage, and driveway parking. Ideally located, this property offers convenient access to shops, restaurants, schools, parks and freeway access. New Septic, Pumping Station & Drain field. New Hardie Plank Siding and Exterior Paint in 2023.
  1. Listed by Tarah A Yurovchak • Redfin

Property Details for 643 School Street Southeast

Community Name
Lacey
School District
North Thurston
View
Territorial
Total Covered Parking
2
Entry Date
01-30-2026
Energy Source
Electric
Sewer
Septic Tank
LISTING UPDATED: 02/02/2026 09:20 AM

Property Details for 643 School Street Southeast

StatusActive
MLS #2472540
Days on Market4
Cumulative Days on Market4
Taxes$5,786 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1993
Lot Size0.56 AC / 24,335 SF
CountyThurston County

Location

Listing Courtesy of Redfin
Add your commute

Virtual Tour

Building Information for 643 School Street Southeast

Stories2Residences2Year Built1993Building Size-Lot Size0.56 AC / 24,335 SF

Payment Calculator

$3,884 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,402

Property Taxes

$482

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 643 School Street Southeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Fenced-Fully, Outbuildings, Patio
  • Area: 451 - Hawks Prairie
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: E ON PACIFIC AVE TO STEILACOOM, L ON SCHOOL ST.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 2.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood Products
  • Roof: Composition
  • Pool: Community
  • Pool Type: Community
  • Security Features: Fully Fenced
Property
Utilities
  • Water Source: Community
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: Thurston PUD
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • MLS Square Footage Source: Realist- Buyer to Verify
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 37
Lot Information
  • Lot Details: Corner Lot, Paved, Sidewalk
  • Lot Size Source: Realist- Buyer to Verify
  • Parcel Number Free Text: 64200000100
  • Building Condition: Very Good
  • Calculated Square Footage: 2600
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2600.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 2
  • Number of Stories in Building: 2
  • Vacancy Rate: 50
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 7138.66
  • Gross Adjusted Income: 12924
  • Gross Rent Multiplier: 20.98
  • Gross Scheduled Income: $18,420
  • Insurance Expense: $1,353
  • Net Operating Income: $20,676
  • Other Expenses: $0
  • Total Monthly Income: 1535
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 643
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1300
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 645
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1300
  • Rent Unit 2: $1,535.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2600.0

Property History for 643 School Street Southeast

DateEvent & SourcePriceAppreciation
Jan 30, 2026

Listed (Active)

NWMLS #2472540

$698,000—
Oct 5, 1999

Sold (Public Record)

Public Record #54593948

$139,910

-3.9% / yr

Aug 24, 1995

Sold (Public Record)

Public Record #54372638

$165,000—
DateEvent & SourcePrice
01/30/2026

Listed (Active)

NWMLS #2472540

$698,000
10/05/1999

Sold (Public Record)

Public Record #54593948

$139,910

-3.9% / yr

08/24/1995

Sold (Public Record)

Public Record #54372638

$165,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 643 School Street Southeast

Taxable ValueLand$242,500Additions$295,000Total$537,500
Tax Record2025$5,786 ($482 / month)
Home Facts
Baths3Total Finished SqFt2,600 SqFtAbove Ground SqFt2,600 SqFtStories2Lot Size24,394 SqFtStyleMulti-Family Dwelling (2-4)Year Built1993Year Renovated1995CountyTHURSTONAPN6420-00-00100Fireplace TypeHas Fireplace

Schools near 643 School Street Southeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Lydia Hawk Elementary School
PublicK to 5

Nisqually Middle School
Public6 to 8

River Ridge High School
Public9 to 12

Ignite Family Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

643 School Street Southeast is a multi-family home for sale in Lacey, WA 98503. This property was listed for sale on January 30, 2026 by Redfin, it's currently listed at $698,000. It has been on the market for a total of 4 days and was last sold on October 5, 1999. This listing's school district is North Thurston Public Schools. Nearby schools include Lydia Hawk Elementary School, Nisqually Middle School and River Ridge High School. 643 School Street Southeast is a 6-bed, 3-bath, 2,600 sqft multi-family home built in 1993.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin

Based on information submitted to the MLS GRID as of 02/02/2026 09:20 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.