Opportunity is knocking with this fully rented duplex boasting an impressive 8% cap rate and room for future expansion. Perfectly situated just half a mile from the picturesque shores of American Lake, near JBLM, Harry Todd Park, and minutes from I-5, this corner-lot property offers a newer roof and a fully fenced yard. Inside, the main unit features 3 bedrooms plus a bonus room and 1 bath, while the second unit provides a cozy 1 bedroom and 1 bath. Whether you’re a seasoned investor or just starting to build your portfolio, this cash-flowing gem pairs convenience with unlimited potential. Don’t let this incredible opportunity pass you by—schedule your showing today!
$399,500
3 beds2 baths1,548 sq ft
8602 Lake St SW, Lakewood, WA 98498
6,038 sq ft lot • Somewhat walkable
Listing provided by NWMLS as Distributed by MLS Grid
Charming 3 bedroom/2 bathroom home built in 2018! Nice layout with mini-split on main floor. Bedroom on the first floor has a walk-in closet. The primary bedroom upstairs has a tech area, and also upstairs is a bedroom with a reading nook/ small tech area. Bamboo flooring in bedrooms. Utility room with cabinets and full size washer/dryer. Covered back porch/patio. JBLM is less than 5 minutes away, a park with two basketball courts, playground, skate park, baseball and soccer field, are all a short distance away. American Lake access is just across the street with convenient boat access down the street. The elementary school is less than two blocks away. Assigned parking space and guest
$394,990
3 beds2 baths1,292 sq ft
8921 Commercial St SW, Lakewood, WA 98498
4,241 sq ft lot • $100 HOA • Somewhat walkable
Listing provided by NWMLS as Distributed by MLS Grid
3 HOMES on 1 TAX Parcel; fully permitted remodels of cottages near JBLM and American Lake. Tastefully remodeled with all new EVERYTHING from siding; windows; roofs; landscaping and each home fully fenced. Interiors are fully redone with new sheetrock; LVP flooring, trims and paint. New kitchens with quartz counters, full appliance packages w/ Fridges; Ranges, D/W. Each home has its own WASHER/DRYER making them rent quickly! MASSIVE rental inquiries prove these cottages are worth their weight in gold; rents start at 2,025 EACH! Fully fenced rear yards, walking distance to Tillicum services and the AMERICAN LAKE BOAT launch/parks nearby. Easy & convenient access to JBLM, MADIGAN and I
$875,000
1 bed1 bath400 sq ft
15001 W Thorne Ln, Lakewood, WA 98498
6,970 sq ft lot • Somewhat walkable
Listing provided by NWMLS as Distributed by MLS Grid
Welcome home to this charming rambler featuring 2 bedrooms, a generously sized bonus room, and 1 full bath. Recent updates include new siding, fresh interior and exterior paint, new windows, and beautifully landscaped outdoor space with fruit trees. Enjoy the privacy of a fully fenced yard and unwind on the inviting back patio, complete with a hot tub. Natural light fills the home, showcasing stainless steel appliances in the kitchen. Relaxation awaits in the spacious living room. Conveniently located near JBLM, I-5, parks, and American Lake. This home offers comfort, relaxation, and easy access to amenities. Must SEE!
$410,000
2 beds1 bath794 sq ft
14605 Washington Ave SW, Lakewood, WA 98498
2,790 sq ft lot • Somewhat walkable
Listing provided by NWMLS as Distributed by MLS Grid
Flat, fully developed double lot with all the utilities installed. House has been recently renovated with new windows and doors, window casings, paint inside and outside, flooring throughout, plumbing, electrical fixtures, new metal gutters, gas water heater and furnace, etc. .. In the heart of Tillicum on main arterial Union Avenue, next to Camp Murray & parallel to JBLM, right across the bridge from the base. Lot is over 10,000 sq. f. with 100 feet frontage on Union Ave. Property features 784 sq. f. remodeled house with full basement – 504 sq. f. & 9 feet tall ceilings (ready to be renovated to your taste), detached two car garage with shop – 480 sq. f. , wide drive
$419,000
2 beds1 bath784 sq ft
14607 Union Ave SW, Lakewood, WA 98498
0.23 acre lot • 2 garage spots • Somewhat walkable
Listing provided by NWMLS as Distributed by MLS Grid
Remodeled, Turn Key, 2 bedroom Single wide Manufactured Home in Woodbrook. New Carpet plus Laminate flooring throughout. New inside and outside paint. New wiring with L & I sticker. Recent decks installed. All appliances stay. Easy access to I5!
$64,000
2 beds1 bath540 sq ft
14818 Woodbrook Dr SW #18, Lakewood, WA 98439
Car-dependent
Listing provided by NWMLS as Distributed by MLS Grid
Rare opportunity to own this well-maintained, classic brick 8-unit apartment building, conveniently located on a quiet street just 2-blocks away from American Lake Park and lake access! An ideal investment in an ideal location! New restaurants, local pub, gourmet coffee stand, corner grocery stores, new laundromat & Route #214 bus stop are just steps away! Minutes from VA hospital, American Lake Golf Course & close to I-5, Lakewood Town Center, JBLM & Fort Steilacoom Park. There are (2) two-bdrm units & (6) one-bdrm units. Rents are below market rates & there is much room for increases! All units have updated kitchens w/ gas ranges & quartz counters, tile
$1,450,000
10 beds8 baths4,870 sq ft
9227 N Lake Dr SW, Lakewood, WA 98498
0.26 acre lot • Car-dependent
Listing provided by NWMLS as Distributed by MLS Grid
Set on 1+ acres of mature & fully fenced landscaping, this home is a serene oasis, perfect for relaxation & entertaining. It features an abundance of hardwoods & formal areas that exude class & charm & the finished basement provides great potential for multi-generational living & flexibility. Historically, the residence was the Dempsey family's summer home, meticulously relocated 1/2 mile in 1984, preserving its timeless & storied past. It has hosted distinguished guests, including Pres. Eisenhower, further enriching its history. The spacious 6-car detached garage has ample room for vehicles & storage. Here's your chance to own a piece of hist
$995,000
4 beds3.5 baths4,244 sq ft
12209 Interlaaken Dr SW, Lakewood, WA 98498
1.2 acre lot • 6 garage spots • Car-dependent
Listing provided by NWMLS as Distributed by MLS Grid
Condominium living on AMERICAN LAKE in the Tacoma Country & Golf Club. Open great room to gourmet kitchen w/ warm tones; granite slab; island w/ seating; multiple workstations; gas cooking & stainless appls; Dining w/ LAKE VIEW. Living/Great room w/ mantled gas fireplace; tray ceilings; crown molding & HUGE WINDOWS to take in the LAKE VIEWS & fill w/ natural light. Large Primary suite w/ large spa bath, step free shower, soaking tub, double vanity & LARGE walk in. 2nd Bedroom/ JR. SUITE w/ hall bath. Club provides lifestyle amenities, fitness, golf, swimming, tennis, dining & social activities. Intimate building w/ 2 homes/ floor & controlled access
$1,800,000
2 beds2.5 baths2,278 sq ft
13140 Country Club Dr SW #203, Lakewood, WA 98498
4,731 sq ft lot • $1,050 HOA • 2 garage spots
Listing provided by NWMLS as Distributed by MLS Grid
Rare BEACH level condo on AMERICAN LAKE in the Tacoma Country and Golf Club. Open kitchen; boasting granite island, wine fridge, walk in pantry, gas cooking & island seating. Open concept w/ walls of glass that take in the lake views & beachfront. Primary Suite w/ gas fireplace is water side w/ large en-suite; jetted tub & walk-in closet. 2nd bedroom & den open to your own COURTYARD w/ sink & outdoor beach shower. Club w/ fitness, swimming, tennis, dining, golf and social activities. Intimate WATERFRONT building w/ controlled access; elevator; PET friendly, 2 car parking; controlled access common garage & storage. Rarely do they come available and a corne
$1,950,000
2 beds2.5 baths2,273 sq ft
13140 Country Club Dr SW #104, Lakewood, WA 98498
4,731 sq ft lot • $1,050 HOA • 2 garage spots
Listing provided by NWMLS as Distributed by MLS Grid
Welcome to this cozy 3 bedroom 2 bath home, perfect for first-time buyers or those looking to downsize. Step inside to find a spacious living room, and a kitchen that has everything you need. The 3 bedrooms are a generous size to relax or use as an office or hobby space. Outside you'll enjoy the deck, a good sized, low maintenance yard with outbuilding and extra parking space. Don't miss the chance to make this charming house your new home!
$399,000
3 beds2 baths1,100 sq ft
8314 Washington Blvd SW, Lakewood, WA 98498
6,000 sq ft lot • Car-dependent
Listing provided by NWMLS as Distributed by MLS Grid
Based on information submitted to the MLS GRID as of Sun Jan 19 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.