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Listing Firm: CENTURY 21 North Homes Realty: Devin Gordon Sr

Bought With: Skyline Properties, Inc. : Elizabeth Helgeson

SOLD On March 7, 2025
NWMLS # 2321964

$375,000

  • Sold Price
  • - Beds
  • - Baths
  • 1548 Sq.ft.

8602 Lake Street SW, Lakewood, WA 98498

Listings with the three tree icon are courtesy of NWMLS

About This Property

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!

Buyer's Agent: Elizabeth Helgeson • Skyline Properties, Inc.

Listed by: Devin Gordon Sr • CENTURY 21 North Homes Realty

Aris360 Last Checked: 2 Minutes Ago (Jul 05, 2025 12:45 AM)

  • Source: NWMLS as Distributed by MLS Grid #2321964

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Lake
  • Zip/Postal Code: 98498
  • City: Lakewood

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$3,847 per month
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Property Features

  • County
    • American Lake
  • Community
    • 41 - Lakewood/Tillicum
  • MLS Area
    • 41 - Lakewood/Tillicum
  • Longitude
    • -122.550729
  • Latitude
    • 47.127479
  • Directions
    • I-5 to exit 122. Right at the stop sign and then left on Lake Street mile down on left.

  • Interior
    • Hardwood
  • Floors
    • Hardwood
  • Power Production Type
    • Electric

  • Stories
    • 1
  • Style
    • 52 - Duplex
  • Parking Spaces
    • 2
  • Lot Description
    • Corner Lot,
    • Curbs,
    • Paved,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
    • Wood Products
  • Site Description
    • Cable TV,Deck,Fenced-Fully,Outbuildings,Patio
  • Roof
    • Composition,
  • Septic or Sewer
    • Septic Tank,
  • Condition
    • Good,
  • Water
    • Lakewood Water
  • Building Total Area (Sq. Ft.)
    • 6038
  • Has View
    • Yes
  • View Description
    • Territorial,

  • High School District
    • Clover Park
  • Jr. High School
    • Woodbrook Mid
  • Elementary School
    • Tillicum Elem
  • High School
    • Clover Park High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Condominium,
  • Tax Amount
    • $3930
  • Year Built
    • 1947
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Jul 05 2025 . 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.

Jul 05, 2025 12:45 AM