$849,950
 $4,563 est/mo Sourced by Back At You

3120 Ponderosa Street,Lacey, WA 98516

Lacey, WA 98516

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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.

Details

MLS #2528928
Listing TypeFor Sale
Building NameGateway North
HOA Dues$660
Sub-TypeResale
StatusActive
Year2020
Days On Site120
Listing Provided ByBlue Summit Realty LLC | Brian J Dermanoski

Features

SQ Feet3,484
Garage4
Story(s)2
Units2
ZoningMulti-Family
Acreage0.11

Taxes

Property10083

Area Information

StateWA
CountyThurston
CityLacey
Zip Code98516
Area446 Thurston Ne
Community NameLacey
Listing VS Median (in Lacey)
Price:
$849,950
low | high
Med:
$489,250
92.437790458262% of Average
sqft:
3,484
low | high
Med:
1,771
99.167623421355% of Average
$ / sqft:
$244
low | high
Med:
$286
32.701939144825% of Average
On site:
120
low | high
Med:
86
100% of Average
Sourced by Back At You

Market Activity 98516

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Based on information submitted to the MLS GRID as of September 24, 2026 at 6:33:47 PM 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.

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Learn More About This Property

StateWA
CountyThurston
CityLacey
Zip Code98516
Area446 Thurston Ne
Community NameLacey
Listing VS Median (in Lacey)
Price:
$849,950
low | high
Med:
$489,250
92.437790458262% of Average
sqft:
3,484
low | high
Med:
1,771
99.167623421355% of Average
$ / sqft:
$244
low | high
Med:
$286
32.701939144825% of Average
On site:
120
low | high
Med:
86
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $637K - $1.62M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
3112 Ponderosa Street Property Photo 1
$849,950
3112 Ponderosa Street
Lacey, WA 98516
Listing Updated: September 21, 2026 at 10:38:56 AM PDT