8602 Lake Street SW
Lakewood, WA 98498
1548 sqft | 0.14 acres | #2321964
Description
Opportunity is knocking with this fully rented duplex boasting an impressive 8% cap rate and room for future expansion. Perfectly situated just half a mile from the picturesque shores of American Lake, near JBLM, Harry Todd Park, and minutes from I-5, this corner-lot property offers a newer roof and a fully fenced yard. Inside, the main unit features 3 bedrooms plus a bonus room and 1 bath, while the second unit provides a cozy 1 bedroom and 1 bath. Whether you’re a seasoned investor or just starting to build your portfolio, this cash-flowing gem pairs convenience with unlimited potential. Don’t let this incredible opportunity pass you by—schedule your showing today!
Property Details
- Exterior FeaturesCable TV, Deck, Fenced-Fully, Outbuildings, Patio
- Lot DescriptionCorner Lot, Curbs, Paved, Sidewalk
- Exterior MaterialsWood, Wood Products
- High SchoolClover Park High
- Date ListedJanuary 14, 2025
- FoundationPoured Concrete
- SubdivisionAmerican Lake
- Elementary SchoolTillicum Elem
- Middle SchoolWoodbrook Mid
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- ViewTerritorial
- Style52 - Duplex
- Sewer InformationSeptic Tank
- School DistrictClover Park
- InteriorHardwood
- Original List Price$399,500
- MLS #2321964
- MLS #2321964
- Acres0.1386
- Utility SourcePublic
- CountyPierce
- Taxes Annual$3,930
- Cost399500
- Structure TypeDuplex
- Square Feet1548
- Year Built1947
- Property ConditionGood
- Days on Market (Cumulative)170
- Stories1
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-14 19:45:10. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Devin Gordon Sr (#NWM138786)
Listing Office: CENTURY 21 North Homes Realty (#NWM7308)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
