Built in 1966, the College St Duplexes are a three-building and six-unit community located in the city of Lacey. Minutes away from I-5 and downtown Olympia to the West, and Joint Base Lewis-McChord to the Northeast, the College St Duplexes are perfectly situated to benefit from both economic and lifestyle drivers that will continue to improve over the long term. From a tenant’s perspective, spacious two-bedroom units combined with yard space and covered parking make the College St Duplexes the perfect place to call home.

College street duplexes consist of 6 two-bedroom, one-bathroom units averaging ~908 square feet. Washer-dryer hookups, and spacious living room separate from the large kitchen. At a purchase price of $1,200,000, College St Duplexes offers a great value to a buyer at $200,000 per unit and $220 per square foot. An incoming investor can easily justify spending the necessary dollars on renovating the final units and adding washer/dryer to achieve just under a 8% total return.