8602 Lake Street SW Lakewood, WA 98498
Listing Courtesy of: Northwest MLS / Century 21 North Homes Realty / Devin Gordon

  8602 Lake Street SW Lakewood, WA 98498

Active (171 Days)
$399,500
1,548
SQFT
See Similar Listings

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!

MLS #:
2321964
Taxes
$3,930(2024)
Lot Size
6,038 SQFT
Type
Multifamily
Year Built
1947
Style
Duplex
Views
Territorial
School District
Clover Park
County
Pierce County
Community
American Lake

Listed By

Devin Gordon, Century 21 North Homes Realty
Source
Northwest MLS as distributed by MLS Grid
Last checked Jan 15 2025 at 1:36 PM GMT+0000
Bathroom Details
Interior Features
  • Hardwood
Subdivision
  • American Lake
Lot Information
  • Sidewalk
  • Paved
  • Curbs
  • Corner Lot
Property Features
  • Patio
  • Outbuildings
  • Fenced-Fully
  • Deck
  • Cable Tv
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Stove/Free Standing
Flooring
  • Hardwood
Exterior Features
  • Wood Products
  • Wood
  • Roof: Composition
Utility Information
  • Sewer: Septic Tank
  • Fuel: Electric
  • Energy: Green Generation:, Green Efficiency:, Green Verification:
School Information
  • Elementary School: Tillicum Elem
  • Middle School: Woodbrook Mid
  • High School: Clover Park High
Location
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by C21 North Homes Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 1/15/25 05:36. 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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