9221 -9223 North Lake Drive SW Lakewood, WA $ 475,000
9221 -9223 North Lake Drive SW
$ 475,000
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9221 -9223 North Lake Drive SW

Lakewood, WA, 98498
$ 475,000
Baths0.0 Sq 1,606

Monthly Estimate*

$ 2,925

Listed by John L. Scott, Inc
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Studio

Multi-Family Home for sale in Lakewood, WA

for $475,000. This 1,606 square foot home was built in 1962 on a lot size of 0.2802.

Exceptional investment opportunity featuring a well-maintained single-level duplex in a highly convenient commuter location near Joint Base Lewis-McChord, American Lake, shopping, dining, parks, and major freeway access. This income-producing property offers strong long-term potential with historically low vacancy rates and practical one-level living in both units. Each residence features updated flooring, in-unit washer and dryer, spacious layouts, and private fenced outdoor spaces ideal for added comfort and functionality. A durable 50-year roof adds peace of mind, while the generous parking setup includes covered carport spaces plus dedicated storage for each unit. Conveniently positioned near endless amenities and major employment hubs, this duplex presents an outstanding opportunity for investors or owner-occupants seeking versatility, location, and lasting value.

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Multi-Family Active

Price

$ 475,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,648

Style

Duplex

Lot Size

0.2802

Year Built

1962

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2533899

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1962
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 17400
Insurance Expense 1000
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name American Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS Friendly.
City Lakewood
Senior Community Y/N N
High School District Clover Park
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 38 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 12204
Carport Spaces 1
Carport Y/N N
Listing Terms Cash Conventional VA Loan
Tax Annual Amount 4648
Electric Expense 0
Fuel Expense 0
Property Condition Restored
Public Remarks Exceptional investment opportunity featuring a well-maintained single-level duplex in a highly convenient commuter location near Joint Base Lewis-McChord American Lake shopping dining parks and major
Leasable Area 1606
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2244
Property Style 52 - Duplex
Cap Rate 59
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Exterior
Exterior Amenities Brick Wood Wood Products
Lot Features Paved
Water Source Public
Total Parking 2
Foundation Details Block
Building Area Total 1606
Lot Size Acres 0.2802
Waterfront Y/N N
Covered Spaces 1
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially
Parking Uncovered Total 1
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Interior
Flooring Laminate Vinyl Plank
Total Fireplaces 0
Total Stories 0
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 NWM2533899
Street Number 1 9221
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* Excluded Features
List By
Phillip T. Rodocker

Listing Agent

John L. Scott, Inc

Broker

Affordability Calculator

$3,312
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$387
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
256768 Elementary School
256614 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/6/2026$475,000 Listed Price

Map


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9221 -9223 North Lake Drive SW, Lakewood, WA, 98498 is a Multi-Family Home for sale at $475,000 with 1,606 sqft and a lot size of 0.2802. 9221 -9223 North Lake Drive SW is a studio with 0.0 baths and was built in 1962. The property's zip code is 98498 which is in Lakewood, WA