3120 Ponderosa Street NE, Lacey, WA 98516

$849,950
3,484
SqFt

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Listing courtesy of Blue Summit Realty LLC.

List Price
$849,950
Status
ACTIVE
MLS#
2528928
Days on Market
60
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
3,484
Area Total SqFt
3484
Annual Tax Ammount
10083
Internet Provider
Xfinity
Lot Size (sq ft)
4,740
Sewer
Sewer Connected

Property Description

Rare opportunity to own a newer duplex featuring 3 large bedrooms plus a bonus room, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.

Additional Information

List Date
2026-05-27 20:21:16
Community
Lacey
Net Operating Income
$47,641
Gross Adjusted Income
$59,934
Gross Scheduled Income
$60,540
Total Monthly Income
$5,045
Insurance Expenses
$1,550
Gross Rent Multiplier
14.18
Total Expenses
$12,293
Cap Rate
5.6
Vacancy Rate
1
Total Number of Units
2
Unit Name
3120
Potential Terms
Cash, Conventional, VA Loan
Year Built
2020
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Patio
Other Expenses
660
Energy Source
Electric
School District
North Thurston
Total Monthly Income
$5,045
Gross Scheduled Income
$60,540
Vacancy Rate
1
Gross Adjusted Income
$59,934
Tax Year
2026
Insurance Expense
$1,550
Total Expenses
$12,293
Net Operating Income
$47,641
Gross Rent Multiplier
14.18
Cap Rate
5.6
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.
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