7438 Mullen Road SE #A-B · Lacey, WA 98503
Source: NWMLS · Realty One Group Bold · Tucker Stanley #NWM2476490
About this home
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!
Location
Basics
- Property type
- Multi Family
- Style
- Duplex
- Stories
- 1 story
- Year built
- 1977
- Building area
- 1,765 sq ft
- Lot size
- 13,275 sq ft (0.3 acres)
- County
- Thurston
- MLS #
- NWM2476490
Interior
- Heating
- Wall Furnace
- Cooling
- None
- Flooring
- Laminate, Vinyl
Exterior & lot
- Exterior features
- Wood Products
- Roof
- Composition
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 4
- Garage
- 2
- Covered spaces
- 2
Utilities
- Water
- Public
- Sewer
- Septic Tank
- Power
- Electric
Community & fees
- Subdivision
- Lacey
- Property tax
- $5,965 (2025)
Transaction
- Original list price
- $599,999 (12.5% price cut)
- Listed on
- Feb 4, 2026
- Days on market
- 202
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2021-04-06
- Sold$425,000
- 2018-09-13
- Sold$272,000
- 2013-06-25
- Sold$155,650
- 2006-10-18
- Sold$229,000
Schools
School district: North Thurston
- Elementary
- Woodland Elem
- Middle
- Komachin Mid
- High
- Timberline High SchoolSchoolDigger 2 stars · Top 53% in WA

Listing provided courtesy of: Realty One Group Bold
Listing agent: Tucker Stanley.
Based on information submitted to the MLS GRID as of —. 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. IDX information 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. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-01.