Active · Residential Income

8311 Lake Street SW, Lakewood, WA 98498

Lakewood, WA 98498

$649,999

— bedrooms · — bathrooms · 0 sq ft

Loading property photos…

Listing provided by Every Door Real Estate · MLS #2555073 · Active

More properties in Lakewood · Explore local city guides

About this property

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.

Property details

Property type: Multi Family
Year built: 1963
Lot size: 13,169 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $5,737 (2025)
Parking spaces: 6
School district: Clover Park

Listings courtesy of Northwest MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 10/7/2026, 12:00:31 AM Pacific. 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.

IDX information is provided exclusively for consumers’ personal, noncommercial use to identify prospective properties they may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Some IDX listings have been excluded from this website: search includes current Active, Active Under Contract, Pending and Coming Soon listings.