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11213 Kline Street SW Lakewood, WA $ 998,500
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$ 998,500 Get more info
11213 Kline Street SW
$ 998,500
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Share Save

11213 Kline Street SW

Lakewood, WA, 98499
$ 998,500
Baths0.0 Sq 3,603

Monthly Estimate*

$ 6,148

Listed by Skyline Properties, Inc.
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Studio

Multi-Family Home for sale in Lakewood, WA

for $998,500. This 3,603 square foot home was built in 1945 on a lot size of 0.618.

Rare Fourplex in Lakewood. Turnkey investment opportunity! This unique property includes two single-family homes + one duplex on a large 0.62-acre lot. All units are modernized with updated kitchens, baths, flooring, and more. ready for strong, stable tenants. Gross rents average $8,000/month. Fully renovated & low maintenance. Minutes to JBLM, I-5, and Lakewood Transit. Rare 3-bedroom units create a high tenant demand. Plenty of yard space & parking. Whether you’re an investor seeking reliable cash flow or looking to house-hack, this property checks all the boxes. Solid cap rate, prime location, and future upside potential!Don’t miss this one—schedule your showing today!

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Multi-Family Pending

Price

$ 998,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,885

Style

4-Plex

Lot Size

0.618

Year Built

1945

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2439007
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 1
Year Built 1945
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 80005
Insurance Expense 2400
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lakewood
Possible Use Multi-Family
Special Listing Conditions None
Status Pending
Directions please use your GPS and do not disturb tenants . Thank you
High School Buyer To Verify
City Lakewood
Senior Community Y/N N
High School District Lakewood
Zoning Description Multi-Family
Open Parking Spaces 8
Number Of Units Total 4
MLS Area 37 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 26921
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 7885
Electric Expense 448
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Rare Fourplex in Lakewood. Turnkey investment opportunity! This unique property includes two single-family homes + one duplex on a large 0.62-acre lot. All units are modernized with updated kitchens
Leasable Area 3603
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Pending
Water Company Lakewood
Units In Building Total 4
Water Sewer Garbage 625
Property Style 54 - 4-Plex
Cap Rate 7.6
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Paved
Water Source Public
Total Parking 7
Foundation Details Poured Concrete
Building Area Total 3603
Lot Size Acres 0.618
Waterfront Y/N N
Covered Spaces 1
Irrigation Water Rights Y/N N
Site Features Cable TV High Speed Internet
Parking Uncovered Total 6
Parking Uncovered Spaces 8
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
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Internal Only
OriginalMLSID NWM2439007
Street Number 1 11213
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* Excluded Features
List By
Jeff Pollock

Listing Agent

Skyline Properties, Inc.

Broker

Affordability Calculator

$6,805
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,148
Monthly Property Taxes
$657
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
3100088 Elementary School
3100335 Middle School
Buyer To Verify High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/11/2025$998,500 -4.90% Price Down
10/1/2025$1,050,000 Listed Price

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11213 Kline Street SW, Lakewood, WA, 98499 is a Multi-Family Home for sale at $998,500 with 3,603 sqft and a lot size of 0.618. 11213 Kline Street SW is a studio with 0.0 baths and was built in 1945. The property's zip code is 98499 which is in Lakewood, WA

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