8311 Lake Street SW · Lakewood, WA 98498
Source: NWMLS · Every Door Real Estate · Indy Basra #NWM2555073
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.
Location
Basics
- Property type
- Multi Family
- Style
- Tri-plex
- Stories
- 1 story
- Condition
- Good
- Year built
- 1963 (renovated 1999)
- Building area
- 2,088 sq ft
- Lot size
- 13,169 sq ft (0.3 acres)
- County
- Pierce
- MLS #
- NWM2555073
Interior
- Heating
- Forced Air
- Cooling
- Forced Air
- Flooring
- Vinyl, Carpet
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Corner Lot, Paved, Sidewalk
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 6
Utilities
- Water
- Public
- Sewer
- Septic Tank
- Power
- Electric
Community & fees
- Subdivision
- Tillicum
- Property tax
- $5,737 (2025)
Transaction
- Original list price
- $674,999 (3.7% price cut)
- Listed on
- Jul 15, 2026
- Days on market
- 67
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2019-09-27
- Sold$449,900
Schools
School district: Clover Park
- High
- Clover Park High SchoolTop 93% in WA

Listing provided courtesy of: Every Door Real Estate
Listing agent: Indy Basra.
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 2026-08-31.