Exceptional investment and future development opportunity in a prime Lakewood location. Situated on 0.39 acres across from American Lake Park and the public boat launch, this property features two duplexes comprised of four one-bedroom, one-bath units. Two units enjoy peekaboo views of American Lake, while the generous lot provides abundant parking, or boat / trailer storage. With strong rental appeal, a highly desirable recreational setting, and potential for future redevelopment (buyer to verify), this property offers a unique combination of current cash flow and long-term upside. Conveniently located near JBLM, shopping, dining, Laundromat and major commuter routes, this is a rare opportunity to own a multifamily asset in one of Lakewood’s most sought-after locations. M2M Renter in Unit C would like to renew his Lease.
| MLS # | 2563414 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1924 |
| Days On Site | 25 |
| Listing Provided By | NWC-KV LLC | Briana Hickey |
| SQ Feet | 1,900 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Acreage | 0.39 |
| Property | 6059 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Lakewood |
| Zip Code | 98498 |
| Area | 38 Lakewood |
| Community Name | American Lake |
| Listing VS Median (in American Lake) | |
Price: $559,000 low | high Med: $637,500 sqft: 1,900 low | high Med: 2,372 $ / sqft: $294 low | high Med: $274 On site: 25 low | high Med: 86 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Lakewood |
| Zip Code | 98498 |
| Area | 38 Lakewood |
| Community Name | American Lake |
| Listing VS Median (in American Lake) | |
Price: $559,000 low | high Med: $637,500 sqft: 1,900 low | high Med: 2,372 $ / sqft: $294 low | high Med: $274 On site: 25 low | high Med: 86 | |