For Sale61d on market
7438 Mullen Road SE #A-B
Lacey, WA, 98503 • 98503 • Thurston County
$579,999
$329/sqft
-$10,000 since Apr 1, 2026
Down payment assistance available
4Beds
2Baths
1,765Sqft
0.3 acLot
1977Built
Property DNA
Territorial Views
Territorial
Duplex Style
Built 1977 · 49 years of history
Lacey
98503
This home is getting attention
Listed 61 days ago · 464 views · 25 saves
Market activity
Demand and pricing signals for this listing
464 views
People checking out this listing
25 saves
Buyers have saved this home
61 days on market
Established listing
$329/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 29% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1977
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!
Standout features identified
Our analysis highlights attached garage, private fenced yard, and in-unit washer and dryer as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,609/month
Principal & Interest$2,836
Property Tax$580
Insurance$193
Down payment20% ($116,000)
3%50%
Est. 6.18% rate · 30yr fixed · $463,999 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1977
HeatingWall Furnace, Electric
CoolingNone
Parking4 Covered Parking spaces
Days on Zillow61 Days
Price/sqft$329
Property
Home typeMulti Family
Sub-typeMulti Family
StyleDuplex
Year built1977
Systems
HeatingWall Furnace, Electric
CoolingNone
RoofComposition
ConstructionWood Products
Water / SewerPublic, Company: City of Lacey / Septic Tank
Parking & Outdoor
ParkingGarage
Garage2 spaces
Lot0.30 Acres
Location & Tax
Neighborhood98503
Annual tax$5,965
Parcel55650000400
Features & details
7 categories of property features
Interior Features
Flooring
Laminate
Vinyl
Heating
Wall Furnace
Electric
Cooling
None
Exterior Features
Parking
Garage
Construction
Wood Products
Lot Features
Fenced-Partially
Patio
Views
Territorial
Listing insights
Market data and value estimates
StatusFor Sale
Days on market61
Est. value$579,800
Est. rent$1,827/mo
Tax rate0.81%
Price/sqft$329
On marketFeb 3, 2026
PostedFeb 4, 2026
Last sold$425,000
MLS statusActive
MLS updatedApr 1, 2026
Tour days9
Views464
Favorites25
How are the schools in Lacey?
3 schools rated nearby
Location
Lacey, WA, 98503
Price history
6 events
DateEventPrice$/sqftSource
Apr 1, 2026Price Change$579,999$329NWMLS as distributed by MLS GRID
Feb 20, 2026Price Change$589,999$334NWMLS as distributed by MLS GRID
Feb 4, 2026Listed For Sale$599,999$340NWMLS as distributed by MLS GRID
Apr 6, 2021Sold$425,000$241NWMLS as distributed by MLS GRID
Mar 9, 2021Pending Sale$375,000$212NWMLS as distributed by MLS GRID
Mar 4, 2021Listed For Sale$375,000$212NWMLS as distributed by MLS GRID
Price Change$579,999
Apr 1, 2026•$329/sqft•NWMLS as distributed by MLS GRID
Price Change$589,999
Feb 20, 2026•$334/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$599,999
Feb 4, 2026•$340/sqft•NWMLS as distributed by MLS GRID
Sold$425,000
Apr 6, 2021•$241/sqft•NWMLS as distributed by MLS GRID
Pending Sale$375,000
Mar 9, 2021•$212/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$375,000
Mar 4, 2021•$212/sqft•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Lacey, WA • Thurston County
Nearby cities
BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino
Nearby zip codes
98503985099851398516
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 05:38:26 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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