8303 John Dower Road SW Lakewood, WA $ 2,250,000
8303 John Dower Road SW
$ 2,250,000
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8303 John Dower Road SW

Lakewood, WA, 98499
$ 2,250,000
Baths0.0 Sq 6,066

Monthly Estimate*

$ 13,854

Listed by RE/MAX Northwest
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Studio

Multi-Family Home for sale in Lakewood, WA

for $2,250,000. This 6,066 square foot home was built in 1962 on a lot size of 0.6198.

Exceptional 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.

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Multi-Family Active

Price

$ 2,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,656

Style

5-9 Units

Lot Size

0.6198

Year Built

1962

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2530635

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Furnace
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1962
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 86272
Insurance Expense 2976
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lakewood
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS friendly: 8303 JOHN DOWER RD SW; Lakewood WA 98499
High School Lakewood High
City Lakewood
Senior Community Y/N N
High School District Lakewood
Zoning Description Multi-Family
Number Of Units Total 8
MLS Area 37 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 27000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Buyer To Verify
Tax Annual Amount 12656
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Lakewood Mid
Property Condition Good
Public Remarks Exceptional 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 thou
Leasable Area 6066
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company Lakewood Water District
Units Below Grade false
Units In Building Total 8
Water Sewer Garbage 16500
Property Style 55 - 5-9 Units
Cap Rate 0
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot
Water Source Public
Total Parking 10
Foundation Details Slab
Building Area Total 6066
Lot Dimensions 225x120
Lot Size Acres 0.6198
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 10
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Interior
Flooring Laminate Carpet
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
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Internal Only
OriginalMLSID NWM2530635
Street Number 1 8303
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* Excluded Features
List By
Tamara Paul

Listing Agent

Re/Max Northwest

Broker

Affordability Calculator

$14,908
Per Month
93%
7%
0%
Monthly Principal & Interest
$13,854
Monthly Property Taxes
$1,055
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
258422 Middle School
Lakewood High High School
Pricing History
DatePricePrice ChangeDescription
6/4/2026$2,250,000 Listed Price

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8303 John Dower Road SW, Lakewood, WA, 98499 is a Multi-Family Home for sale at $2,250,000 with 6,066 sqft and a lot size of 0.6198. 8303 John Dower Road SW is a studio with 0.0 baths and was built in 1962. The property's zip code is 98499 which is in Lakewood, WA