This home's estimate is 7.5% higher than the average sale price ($512K) of 6 comparable homes.
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- Sale & tax history
- Property details
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2346 SE Carpenter Rd, Lacey, WA 98503
About this home
Investor Alert!! Single Duplex located in the heart of Lacey between Long Lake and Hicks Lake, close to schools, local hospitals, and entertainment. Each unit features a 2-bedroom 1-bath with washer and dryer hook up, and an attached garage. Adjacent property with two duplexes also for sale, listing #1902002.

Redfin Estimate
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Market trends in 98503, WA
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- REDFIN OPEN SAT, 11AM TO 1PM
- NEW 5 HRS AGO$545,0003 beds2 baths1,996 sq ft1617 Diamond Loop, Lacey, WA 98503Isaiah Johnston • Realty One Group Bold
- NEW 29 HRS AGO$114,0002 beds2 baths1,152 sq ft5216 Yakima Ln SE #103, Lacey, WA 98503Jonathan Byrd • Keller Williams Eastside
- REDFIN OPEN SAT, 2PM TO 4PM
- OPEN SAT, 12PM TO 2PM$535,0003 beds2 baths2,446 sq ft608 School St SE, Lacey, WA 98503Sarina Hoffman • John L. Scott Lacey
- OPEN SAT, 10AM TO 12PM$505,0003 beds2.5 baths2,629 sq ft7944 Spartan Ct SE, Lacey, WA 98503Megan Zahringer • Olympic Sotheby's Int'l Realty
- OPEN SAT, 11AM TO 1PM$465,0003 beds2 baths1,508 sq ft4519 23rd Ave SE, Lacey, WA 98503Jerry Obendorf • Keller Williams South Sound
- OPEN SUN, 2PM TO 4PM$699,9993 beds2 baths3,458 sq ft7728 Mesplay Ave SE, Lacey, WA 98503Vanessa Betancourt • John L. Scott, Inc
- OPEN SAT, 11AM TO 1PM$450,0002 beds2 baths1,340 sq ft5501 Cricket Ln SE, Lacey, WA 98503Jaime Cerna • Coldwell Banker Bain
See all
Provided by Redfin
Sale history for 2346 SE Carpenter Rd
Tax history for 2346 SE Carpenter Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 2
- Covered Spaces: 2
- Open Parking Spaces: 2
- Has Open Parking
Interior
- Heating & Cooling
- Has Heating
- Multi-Family Financial Information
- Insurance Expense: $1,200
- Other Expense: $1,000
- Net Operating Income: $27,358
- Gross Adjusted Income: 33120
- Gross Scheduled Income: $33,120
- Total Monthly Income: 2760
- Gross Rent Multiplier: 14.94
- Total Expenses: 5762
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 2
- # of Units (Total): 2
- Furnished: Unfurnished
Exterior
- Building Information
- Roof: Composition
- Exterior Features
- Exterior Features: Wood
- Property Information
- Energy Source: Electric
- Style Code: 52 - Duplex
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Lot Information
- MLS Lot Size Source: Assessor
- Lot Size Units: Square Feet
- Lot Size Acres: 0.2
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $3,062
- Tax Year: 2022
- Financial Information
- Listing Terms: Cash Out, Conventional, FHA
- Buyer Financing: Conventional
Utilities
- Utility Information
- Sewer: Septic Tank
- Utilities: Septic System, Electric
- Water Sewer Garbage: 500
Location
- School Information
- High School District: North Thurston
- Location Information
- Directions: From Lacey Blvd head south on Carpenter Rd. Property is on the left-hand side roughly 1.2 miles.
Public facts
- Beds: 4
- Baths: 2.0
- Sq. Ft.: 1,704
- Stories: 1.0
- Lot Size: 8,712 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1965
- Year Renovated: 1989
- County: Thurston County
- APN: 11822430700
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- Offers Review Date: Monday, March 21, 2022
- On Market Date: Monday, March 14, 2022
- Green Information
- Power Production Type: Electric
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 0
- Building Area Total: 0
- Building Area Units: Square Feet
- Year Built Effective: 1965
- Effective Year Built Source: Public Records
- Structure Type: Duplex
- Stories Total: 1
Around this home
Schools
Public PreK-5 • Assigned • 1.5mi
Public 6-8 • Assigned • 1.9mi
Public 9-12 • Assigned • 1.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 88° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
7 unhealthy days expected this year, 8 days in 30 years
Sun exposure
In this area, properties receive around 8.8 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98503
Home values near 2346 SE Carpenter Rd
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 2194 Sq. Ft. | $529,750 |
3 Beds | 1 Baths | 1572 Sq. Ft. | $520,134 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2.5 Baths | 1486 Sq. Ft. | $479,424 |
4 Beds | 3.5 Baths | 2884 Sq. Ft. | $711,403 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2567 Sq. Ft. | $980,946 |
4 Beds | 1 Baths | 874 Sq. Ft. | $408,268 |
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