About this home

Fantastic 4-unit investment opportunity! The vacant unit was previously owner-occupied, presenting a perfect house-hacking setup or high-yield rental potential. The 3 currently occupied units offer a 5.5% cap rate with a 6.7% Pro Forma cap rate. All tenants are currently month-to-month. Choose to occupy the vacant unit yourself or lease it out for maximum cash flow. Conveniently located near JBLM, Lakewood Town Center, local hospitals, major freeways, UW Tacoma, and PLU. 2 bed rents for $1800, Currently 1 bed rents for $1400, 1 bed rents for $900

Location

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Basics

Property type: Single Family Residence
Style: Traditional
Stories: One and one half
Condition: Average
Year built: 1941 (renovated 1984)
Lot size: 8,630 sq ft (0.2 acres)
County: Pierce
MLS #: NWM2570898

Interior

Heating: Forced Air
Cooling: Forced Air
Flooring: Hardwood, Laminate, Vinyl, Carpet
Appliances: Dishwasher, Refrigerator, Stove(s)/Range(s)
Interior features: Second Kitchen, Ceiling Fan(s), High Tech Cabling
Entry level: Main

Exterior & lot

Exterior features: Metal/Vinyl, Wood Products
Roof: Composition
Foundation: Poured Concrete
Lot features: Corner Lot, Paved, Sidewalk
Topography: Level
Waterfront: No

Parking

Parking spaces: 8
Garage: Yes (attached)
Parking features: Attached Garage, Off Street, RV Parking

Utilities

Water: Public
Sewer: Sewer Connected
Power: Electric

Community & fees

Subdivision: Lakewood
Property tax: $6,582 (2026)

Transaction

Listed on: Aug 20, 2026
Days on market: 31
Price per sq ft: $233
Listing terms: Cash, Conventional, FHA, Rehab Loan, State Bond, VA Loan
Possession: Closing, Subject To Tenant Rights

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Sale history

Earlier listings of this home on the MLS.

2026-08-20: Active$549,999
2012-08-31: Sold$185,000
2004-03-24: Sold$155,000
2004-03-24: Sold$155,000

Schools

School district: Lakewood

High: Clover Park High School
Top 93% in WA

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Listing provided courtesy of: Premier Real Estate Partners

Listing agent: Fredrick Alfred Briddle Jr.

Based on information submitted to the MLS GRID as of —. 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 provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-08-22.