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8311 Lake Street SW Lakewood, WA $ 674,999
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8311 Lake Street SW
$ 674,999
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8311 Lake Street SW

Lakewood, WA, 98498
$ 674,999
Bedrooms6 Baths3.0 Sq 2,088

Monthly Estimate*

$ 4,262

Listed by Every Door Real Estate
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Multi-Family Home for sale in Lakewood, WA

for $674,999 with 6 bedrooms and 3 full baths. This 2,088 square foot home was built in 1963 on a lot size of 0.3023.

Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.

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Multi-Family Active

Price

$ 674,999

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,737

Style

Tri-plex

Lot Size

0.3023

Year Built

1963

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2555073
Features
General
Living Area 0
Sewer Septic Tank
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Fully Fenced
Year Built 1963
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 32958
Insurance Expense 824
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Tillicum
Special Listing Conditions None
Status Active
Directions From I-5 S take Thorne Lane Exit (#123). Turn R onto Thorne Ln turn L onto Union Ave and take the 2nd R onto Lake St. Property is on the Right.
City Lakewood
Senior Community Y/N N
High School District Clover Park
Number Of Units Total 3
MLS Area 41 - Lakewood/Tillicum
Lot Size Units Square Feet
Lot Size Square Feet 13169
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 5737
Electric Expense 120
Fuel Expense 0
Property Condition Good
Public Remarks Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom 1-bath units offers approximately 696 sq. ft. and has been
Leasable Area 2088
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Water Company PSE
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 720
Property Style 53 - Tri-plex
Cap Rate 7
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Paved Sidewalk
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 2088
Lot Size Acres 0.3023
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully
Parking Uncovered Total 6
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 6
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 NWM2555073
Street Number 1 8311
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* Excluded Features
List By
Indy Basra

Listing Agent

Every Door Real Estate

Broker

Affordability Calculator

$4,740
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,262
Monthly Property Taxes
$478
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/15/2026$674,999 Listed Price

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8311 Lake Street SW, Lakewood, WA, 98498 is a Multi-Family Home for sale at $674,999 with 2,088 sqft and a lot size of 0.3023. 8311 Lake Street SW has 6 bedrooms, 3.0 baths, and was built in 1963. The property's zip code is 98498 which is in Lakewood, WA

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