11002 Idlewild Road Sw, Lakewood, WA 98498
Local realty services provided by:CENTURY 21 Van Dorm Realty
Listed by: matt harber
Office: keller williams rty tacoma253-460-8640
MLS#:2535832
Source:NWMLS
11002 Idlewild Road Sw,Lakewood, WA 98498
$2,100,000
- - Beds
- - Baths
- 6,240 sq. ft.
- Multi-family
- Active
Price summary
- Price:$2,100,000
- Price per sq. ft.:$336.54
About this home
Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find....
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Home facts
- Year built:1955
- Subdivision & Development:Lakewood
- Listing ID #:2535832
- Updated:October 30, 2026 at 12:10 PM
Rooms and interior
- Flooring:Laminate, Vinyl Floor, Vinyl Plank
- Living area:6,240 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Metal
- Year built:1955
- Building area:6,240 sq. ft.
- Lot area:1.33 Acres
- Lot Features:Curbed Lot, Dead-end Street, Paved
- Construction Materials:Cement/Concrete Exterior Finish, Stucco Exterior Finish, Wood Exterior Finish
- Exterior Features:Fenced-Partially, Patio
Schools
- High school:Clover Park High
- Middle school:Mann Mid
- Elementary school:Idlewild Elem
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$336.54
- Tax amount:$16,508 (2025)
Parking
- Total parking spaces:18
- Carport spaces:6
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