Rockhood
$2,137,500List price
Active

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 School
Top 93% in WA

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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.