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8311 Lake Street Sw, Lakewood, WA 98498

Lakewood
Local realty services provided by:CENTURY 21 North Homes Realty
Listed by: indy basra, lindsey gudger
Office: every door real estate
MLS#:2555073
Source:NWMLS
8311 Lake Street Sw,Lakewood, WA 98498
$649,999
  • - Beds
  • - Baths
  • 2,088 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$649,999
  • Price per sq. ft.:$311.3

About this home

Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.

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Home facts

  • Year built:1963
  • Subdivision & Development:Tillicum
  • Listing ID #:2555073
  • Updated:October 09, 2026 at 11:33 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor
  • Living area:2,088 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1963
  • Building area:2,088 sq. ft.
  • Lot area:0.3 Acres
  • Lot Features:Corner, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Fenced-Fully

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$649,999
  • Price per sq. ft.:$311.3
  • Tax amount:$5,737 (2025)

Features and amenities

  • Amenities:Cable TV

Parking

  • Total parking spaces:6
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 9, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Michael Killmer

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