2604 92nd Street S # A/B Lakewood, WA $ 541,000
2604 92nd Street S # A/B
$ 541,000
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2604 92nd Street S # A/B

Lakewood, WA, 98499
$ 541,000
Baths0.0 Sq 2,240

Monthly Estimate*

$ 3,416

Listed by COMPASS
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Studio

Multi-Family Home for sale in Lakewood, WA

for $541,000. This 2,240 square foot home was built in 1970 on a lot size of 0.29.

Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 6% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.

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Multi-Family Active

Price

$ 541,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,807

Style

Duplex

Lot Size

0.29

Year Built

1970

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2544523

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Furnace
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 1970
Unit Number A/B
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 32460
Insurance Expense 1633
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lakeview
Possible Use Residential
Special Listing Conditions None
Status Active
Directions GPS Please.
City Lakewood
Senior Community Y/N N
High School District Clover Park
Zoning Description Residential
Number Of Units Total 3
MLS Area 37 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 12632
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 5807
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1 284 square feet with 3 bedrooms a
Leasable Area 2240
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Lakewood Water
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 6
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Dead End Street Paved
Water Source Public
Total Parking 5
Foundation Details Poured Concrete
Building Area Total 2240
Lot Size Acres 0.29
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Parking Uncovered Total 3
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Interior
Flooring Vinyl Vinyl Plank
Total Fireplaces 0
Total Stories 2
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 NWM2544523
Street Number 1 2604
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* Excluded Features
List By
Jim Swanson

Listing Agent

Compass

Broker

Affordability Calculator

$3,900
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,416
Monthly Property Taxes
$484
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$541,000 Listed Price

Map


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2604 92nd Street S # A/B, Lakewood, WA, 98499 is a Multi-Family Home for sale at $541,000 with 2,240 sqft and a lot size of 0.29. 2604 92nd Street S # A/B is a studio with 0.0 baths and was built in 1970. The property's zip code is 98499 which is in Lakewood, WA