WA > Lakewood > American Lake
Lakewood, WA 98498,8602 Lake ST SW
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Lakewood, WA 98498,8602 Lake ST SW
Lakewood, WA 98498,8602 Lake ST SW
Lakewood, WA 98498,8602 Lake ST SW
Lakewood, WA 98498,8602 Lake ST SW
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Niki Shelton

Niki Shelton

+1(360) 710-4742
Listed by CENTURY 21 North Homes Realty
$ 399,500
Est. payment /mo
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Pending

8602 Lake ST SW Lakewood, WA 98498

3 Beds

2 Baths

1,548 SqFt

UPDATED:

02/02/2025 08:13 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,548 sqft

Price per Sqft $258

Subdivision American Lake

MLS Listing ID 2321964

Style 52 - Duplex

Bedrooms 3

Year Built 1947

Annual Tax Amount $3,930

Lot Size 6,038 Sqft

Property 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!

Location

State WA

County Pierce

Area 41 - Lakewood/Tillicum

Interior

Interior Features Hardwood

Flooring Hardwood

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Cable TV, Deck, Fenced-Fully, Outbuildings, Patio

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer Septic Tank

Water Public

New Construction No

Schools

Elementary Schools Tillicum Elem

Middle Schools Woodbrook Mid

High Schools Clover Park High

School District Clover Park

Others

Senior Community No

Acceptable Financing Cash Out, Conventional, VA Loan

Listing Terms Cash Out, Conventional, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
agent

Niki Shelton

Broker | License ID: 120959

+1(360) 710-4742

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8602 Lake ST SW