8502 8508 Berkeley Avenue SW Lakewood, WA $ 725,000
8502 8508 Berkeley Avenue SW
$ 725,000
Share Save

8502 8508 Berkeley Avenue SW

Lakewood, WA, 98498
$ 725,000
Baths0.0 Sq 2,376

Monthly Estimate*

$ 4,523

Listed by Commencement Bay Brokers LLC
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 1
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 2
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 3
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 4
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 5
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 6
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 7
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 8
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 9
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 10
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 11
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 12
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 13
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 14
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 15
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 16
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 17
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 18
8502 8508 Berkeley Avenue SW, Lakewood, WA 98498 - Image 19
Studio

Multi-Family Home for sale in Lakewood, WA

for $725,000. This 2,376 square foot home was built in 1959 on a lot size of 0.2152.

FULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof, new electrical, and new plumbing are highlighted by updated flooring, kitchen, bedrooms, and baths. Plenty of parking and quiet, private backyard space. Successful track record for rented units. Fantastic location for commuters, those who work at JBLM and Madigan, and near the Lakewood Sounder station. Unit 3 is available to view; all others are tenant occupied. Unit 3 gives accurate representation of the quality of the remodel in all units.

See more

Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,815

Style

4-Plex

Lot Size

0.2152

Year Built

1959

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2412404

Features
General
Living Area 0
Sewer Available Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Year Built 1959
Property Subtype Multi Family
Tax Year 2025
Building Name American Lake
County Pierce
Net Operating Income 44417
Insurance Expense 2436
New Construction N
Property Type Residential Income
HOA N
Subdivision Name American Lake
Special Listing Conditions None
Status Active
Directions I-5 Berkeley exit and follow Berkeley west to 4-plex on the left.
High School Clover Park High
City Lakewood
Senior Community Y/N N
High School District Clover Park
Open Parking Spaces 0
Number Of Units Total 4
MLS Area 41 - Lakewood/Tillicum
Lot Size Units Square Feet
Lot Size Square Feet 9375
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Tillicum Elem
Tax Annual Amount 6815
Electric Expense 812
Fuel Expense 0
Middle/Junior High School Woodbrook Mid
Public Remarks FULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof new electrical and new plumbing are highlighted by updated flooring kitchen bedrooms and baths. Plenty
Leasable Area 2376
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company Lakewood Water Dist
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 168
Property Style 54 - 4-Plex
Cap Rate 6.3
See more
Exterior
Exterior Amenities Brick
Lot Features Paved
Water Source Public See Remarks
Total Parking 4
Foundation Details Slab
Building Area Total 2376
Lot Dimensions 125'x75'x125'x75'
Lot Size Acres 0.2152
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV
Parking Uncovered Spaces 0
Lot Number 1
See more
Interior
Flooring Ceramic Tile Vinyl Plank
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Internal Only
OriginalMLSID NWM2412404
Street Number 1 8502
See more
* Excluded Features
List By
Nicolas Lind

Listing Agent

Commencement Bay Brokers Llc

Broker

Affordability Calculator

$5,091
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,523
Monthly Property Taxes
$568
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3419208 Elementary School
3480018 Middle School
Clover Park High High School
Pricing History
DatePricePrice ChangeDescription
10/19/2025$725,000 -3.33% Price Down
10/3/2025$750,000 -3.23% Price Down
9/19/2025$775,000 -1.27% Price Down
8/25/2025$785,000 -1.75% Price Down
7/24/2025$799,000 Listed Price

Map


See all

8502 8508 Berkeley Avenue SW, Lakewood, WA, 98498 is a Multi-Family Home for sale at $725,000 with 2,376 sqft and a lot size of 0.2152. 8502 8508 Berkeley Avenue SW is a studio with 0.0 baths and was built in 1959. The property's zip code is 98498 which is in Lakewood, WA