8303 John Dower Road SW · Lakewood, WA 98499
Source: NWMLS · RE/MAX Northwest · Tamara Paul #NWM2555633
About this home
**ALERT** Investment Opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets. All kitchen appliances stay, washer/dryer hook ups in all units!
Location
Basics
- Property type
- Multi Family
- Style
- 5-9 Units
- Stories
- 1 story
- Condition
- Good
- Year built
- 1962 (renovated 1985)
- Building area
- 6,066 sq ft
- Lot size
- 27,000 sq ft (0.62 acres)
- County
- Pierce
- MLS #
- NWM2555633
Interior
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Laminate, Carpet
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Slab
- Lot features
- Corner Lot, Curbs, Paved, Sidewalk
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 10
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Lakewood
- Property tax
- $12,656 (2026)
Transaction
- Listed on
- Jul 15, 2026
- Days on market
- 108
- Listing terms
- Cash, Conventional
- Possession
- Subject To Tenant Rights
More homes nearby
Schools
School district: Lakewood
- Elementary
- Buyer To Verify
- Middle
- Lakewood Mid
- High
- Clover Park High SchoolTop 93% in WA

Listing provided courtesy of: RE/MAX Northwest
Listing agent: Tamara Paul.
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 2026-07-16.