8601 8603 Maple Street SW Lakewood, WA $ 599,900
8601 8603 Maple Street SW
$ 599,900
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8601 8603 Maple Street SW

Lakewood, WA, 98498
$ 599,900
Baths0.0 Sq 2,365

Monthly Estimate*

$ 3,788

Listed by COMPASS
8601 8603 Maple Street SW, Lakewood, WA 98498 - Image 1
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8601 8603 Maple Street SW, Lakewood, WA 98498 - Image 17
Studio

Multi-Family Home for sale in Lakewood, WA

for $599,900. This 2,365 square foot home was built in 1922 on a lot size of 0.3122.

Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, and vinyl flooring in the kitchen, bath, and laundry areas. The lower unit also offers 2 bedrooms and 1 bath with laminate and vinyl flooring throughout. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill and passed through to tenants along with utilities. The furnace and water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential and may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

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Multi-Family Active

Price

$ 599,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,011

Style

Duplex

Lot Size

0.3122

Year Built

1922

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2544520

Features
General
Living Area 0
Sewer Septic Tank
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1922
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 36423
Insurance Expense 1886
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Tillicum
Possible Use Residential
Special Listing Conditions None
Status Active
Directions Use GPS
City Lakewood
Senior Community Y/N N
High School District Clover Park
Zoning Description Residential
Number Of Units Total 2
MLS Area 41 - Lakewood/Tillicum
Lot Size Units Square Feet
Lot Size Square Feet 13600
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 5011
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms 1 bath original fir/softwood floors and vinyl flooring in the kitchen bath and la
Leasable Area 2365
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Lakewood Water
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 6.07
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Corner Lot Paved Sidewalk
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 2365
Lot Size Acres 0.3122
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially Gas Available High Speed Internet
Parking Uncovered Total 6
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Interior
Flooring Laminate Softwood Vinyl
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 3
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2544520
Street Number 1 8601
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* Excluded Features
List By
Jim Swanson

Listing Agent

Compass

Broker

Affordability Calculator

$4,205
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,788
Monthly Property Taxes
$418
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
256768 Elementary School
256614 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/23/2026$599,900 Listed Price

Map


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8601 8603 Maple Street SW, Lakewood, WA, 98498 is a Multi-Family Home for sale at $599,900 with 2,365 sqft and a lot size of 0.3122. 8601 8603 Maple Street SW is a studio with 0.0 baths and was built in 1922. The property's zip code is 98498 which is in Lakewood, WA