7235 20th Ave SE

Lacey, WA 98503

$1,795,000
Price
5
Beds
5
Baths
6,508 Sq. Ft.
$276 / Sq. Ft.
6,508
Sq. Ft.
$276
per Sq. Ft.
Virtual Tour
Virtual Tour
Listing provided courtesy of Abbey Realty Inc

Description

Long Lake Luxury +Passive Income = Dream Waterfront Setup! Over 6500sqft & flex layouts to use as 1, 2 or 3 units. Airbnb with private entrance, stays furnished & grossed $25K last yr without summer bookings! Unit A has main floor primary 3BR + den, gym-ready basement and sauna. Unit B can stay whole or split again. All have waterproof luxury vinyl plank throughout, quartz counters, separate heatpumps, tankless H2O heaters & laundry. Outside, find gated entry, huge new driveway with room for guests...Long Lake Luxury +Passive Income = Dream Waterfront Setup! Over 6500sqft & flex layouts to use as 1, 2 or 3 units. Airbnb with private entrance, stays furnished & grossed $25K last yr without summer bookings! Unit A has main floor primary 3BR + den, gym-ready basement and sauna. Unit B can stay whole or split again. All have waterproof luxury vinyl plank throughout, quartz counters, separate heatpumps, tankless H2O heaters & laundry. Outside, find gated entry, huge new driveway with room for guests & pickleball, 4-car garage, more covered parking, flat lawn, oversized patio, big deck, & yes, 2 docks + mooring whips! Minutes to I-5 & Costco, this one makes the math work with flexibility for your compound or small empire in the making!
  1. Listed by Jami R. Downing • Abbey Realty Inc

Property Details for 7235 20th Avenue Southeast

Community Name
Long Lake West
School District
North Thurston
View
Lake
Number of Assigned Spaces
21
Total Covered Parking
4
Entry Date
06-13-2025
Energy Source
Electric,Natural Gas,See Remarks
Sewer
Septic Tank
LISTING UPDATED: 10/21/2025 12:38 PM

Property Details for 7235 20th Avenue Southeast

StatusActive
MLS #2392636
Days on Market185
Cumulative Days on Market185
Taxes$7,293 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2015
Lot Size1.00 AC / 43,560 SF
CountyThurston County

Location

Listing Courtesy of Abbey Realty Inc
Add your commute

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Building Information for 7235 20th Avenue Southeast

Stories3Residences2Year Built2015Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$9,477 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,870

Property Taxes

$608

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7235 20th Avenue Southeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Deck, Dock, Fenced-Partially, Gas Available, Gated Entry, High Speed Internet, Patio, RV Parking, Sprinkler System
  • Area: 450 - Lacey
  • Elementary School: Lacey Elem
  • Middle Or Junior School: Salish Middle
  • High School: North Thurston High
  • Effective Year Built Source: Public Records
  • Directions: Martin Way East to Right on Carpenter Rd. Left on 20th Ave SE, Home on Right
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: Yes
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 15.0
  • Open Parking: Yes
  • Parking Features: RV Parking
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
  • Bedrooms Possible: 5
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: See Remarks, Vinyl Plank, Carpet
  • Amenities: Basement
  • Cooling: Yes
  • Cooling: Forced Air, Heat Pump
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, Heat Pump
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood
  • Roof: Composition
  • Waterfront Description: Lake, No Bank
  • Security Features: Partially Fenced, Security Gate
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2100
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: City of Lacey
  • Power Production Type: Electric, Natural Gas, See Remarks
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete, Slab
  • Zoning Remarks: Multi-Family,Residential,See Remarks
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential, See Remarks
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2015
  • Photos Count: 40
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 39x40x45x44x99x372
  • Lot Number: 4 and 5
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 11822410700
  • Building Condition: Very Good
  • Calculated Square Footage: 6508
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6508.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 15
  • Number of Stories in Building: 3
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: true
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $9,000
  • Total Expenses: 20975
  • Gross Adjusted Income: 43000
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $43,000
  • Insurance Expense: $2,582
  • Net Operating Income: $22,025
  • Other Expenses: $0
  • Total Monthly Income: 0
  • Fuel Expense: $0
Unit 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 2800
  • Rent Unit 1: $1,500.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 3
Unit 2
  • Name Unit 2: A
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 3708
  • Rent Unit 2: $.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 3
Rental
Rent Information
  • Occupant Type: Owner
  • Leasable Area: 6508.0

Property History for 7235 20th Avenue Southeast

DateEvent & SourcePriceAppreciation
Aug 29, 2025

Price Change

NWMLS #2392282

$1,795,000—
Aug 29, 2025

Price Change

NWMLS #2392636

$1,795,000—
Jun 13, 2025

Listed (Active)

NWMLS #2392282

$1,895,000—
Jun 13, 2025

Listed (Active)

NWMLS #2392636

$1,895,000—
Mar 11, 2011

Sold

NWMLS #191003

$140,000—
Mar 10, 2011

Sold (Public Record)

Public Record #305465316

$140,000—
Mar 10, 2011

Pending

NWMLS #191003

—
Mar 6, 2011

Listed (Active)

NWMLS #191003

$139,000—
DateEvent & SourcePrice
08/29/2025

Price Change

NWMLS #2392282

$1,795,000
08/29/2025

Price Change

NWMLS #2392636

$1,795,000
06/13/2025

Listed (Active)

NWMLS #2392282

$1,895,000
06/13/2025

Listed (Active)

NWMLS #2392636

$1,895,000
03/11/2011

Sold

NWMLS #191003

$140,000
03/10/2011

Sold (Public Record)

Public Record #305465316

$140,000
03/10/2011

Pending

NWMLS #191003

—
03/06/2011

Listed (Active)

NWMLS #191003

$139,000

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

Public Records for 7235 20th Avenue Southeast

Taxable ValueLand$295,900Additions$1,037,900Total$1,333,800
Tax Record2025$14,584 ($1,215 / month)
Home Facts
Baths5Total Finished SqFt9,328 SqFtAbove Ground SqFt6,508 SqFtFinished Basement SqFt2,820 SqFtStories2Lot Size43,560 SqFtStyleMulti-Family Dwelling (2-4)Year Built2015CountyTHURSTONAPN1182-24-10700Fireplace TypeHas Fireplace

Schools near 7235 20th Avenue Southeast

This home is within North Thurston Public Schools.
Rating
School
Type
Grades
Distance
Lacey Elementary School
Public - K to 5
Chinook Middle School
Public - 6 to 8
North Thurston High School
Public - 9 to 12
Ignite Family Academy
Public - K to 8
Rating
School
Distance
Lacey Elementary School
PublicK to 5

Chinook Middle School
Public6 to 8

North Thurston 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.

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More information about 7235 20th Avenue Southeast, Lacey, WA 98503

7235 20th Avenue Southeast is a multi-family home for sale in Lacey, WA 98503. This property was listed for sale on June 13, 2025 by Abbey Realty Inc, it's currently listed at $1,795,000. It has been on the market for a total of 185 days and was last sold on March 11, 2011. This listing's school district is North Thurston Public Schools. Nearby schools include Lacey Elementary School, Chinook Middle School and North Thurston High School. 7235 20th Avenue Southeast is a 5-bed, 5-bath, 6,508 sqft multi-family home built in 2015.

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 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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Abbey Realty Inc

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 11:00 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.