Rockhood
$649,999List price
Active

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 School
Top 93% in WA

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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.