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Listing Firm: COMPASS: Coleton Pantley

Bought With: ZNonMember-Office-MLS : Non Member ZDefault

SOLD On June 11, 2025
NWMLS # 2335245

$1,500,000

  • Sold Price
  • - Beds
  • - Baths
  • 7983 Sq.ft.

14402 Washington Avenue SW, Lakewood, WA 98498

Listings with the three tree icon are courtesy of NWMLS

About This Property

Wonderland is a rare value-add property on a large corner lot, ideally located near JBLM, Boeing, and UW Tacoma - without Tacoma's rental restrictions. This diverse asset includes a renovated fourplex, two single-family homes, and two duplex-style cottages with classic interiors ready for modernization and rent increases. A 1,200 SF storage unit offers conversion potential into an additional 3-bed/2-bath or two smaller units. Six garages provide extra income opportunities at $100+ per month each. With historically high occupancy, low turnover, and no delinquency, Wonderland presents a strong investment with significant upside potential.

Buyer's Agent: Non Member ZDefault • ZNonMember-Office-MLS

Listed by: Coleton Pantley • COMPASS

Aris360 Last Checked: 6 Minutes Ago (Jul 03, 2025 08:31 PM)

  • Source: NWMLS as Distributed by MLS Grid #2335245

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

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

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$3,847 per month
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Property Features

  • County
    • Tillicum
  • Community
    • 41 - Lakewood/Tillicum
  • MLS Area
    • 41 - Lakewood/Tillicum
  • Longitude
    • -122.54795
  • Latitude
    • 47.127446
  • Directions
    • GPS works.

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl Plank
    • Carpet
  • Power Production Type
    • Natural Gas

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 18
  • Lot Description
    • Paved,
    • Secluded,
    • Sidewalk,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement/Concrete
    • Cement Planked
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Lot Size in Acres
    • 1

  • Covered Spaces
    • 6
  • Building Total Area (Sq. Ft.)
    • 43125

  • High School District
    • Clover Park

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2024
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $14528
  • Year Built
    • 1942
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Thu Jul 03 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 03, 2025 08:31 PM