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$399,500
New Listing

8602 Lake Street SW
Lakewood, WA98498

For Sale|Duplex|Active
3
Beds
0
Full Baths
0
Partial Baths
1,548
SqFt
$258
/SqFt
1947
Built
Subdivision:
American Lake
County:
Pierce
Days online/new listing status Today's Date - OriginatingSystemModificationTimestamp + CumulativeDaysOnMarket = CDOM.
Courtesy of NWMLS
Listing courtesy of Devin Gordon Sr of CENTURY 21 North Homes Realty

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 253-268-1714
Is this the home for you? We can help make it yours.
253-268-1714
8602 Lake Street SW8602 Lake Street SW8602 Lake Street SW8602 Lake Street SW
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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!

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Listing Snapshot
Price 
$399,500
Days On Site 
0 Days
Bedrooms 
3
Inside Area (SqFt) 
1,548 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1386 Acres
Year Built 
1947
MLS® Number 
2321964
Status 
Active
Property Tax 
$3,930
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Days online/new listing status Today's Date - OriginatingSystemModificationTimestamp + CumulativeDaysOnMarket = CDOM.
Friends & Family
Recent Activity
15 hours agoListing updated with changes from the MLS®
15 hours agoListing first seen on site
General Features
Acres 
0.1386
Additional Property Use 
Multi-Family
Buyer Agent Compensation 
2.5
Number Of Stories 
1
Parking Spaces 
2
Property Sub Type 
Duplex
Sewer 
Septic Tank
SqFt Total 
1548
Utilities 
Cable Available
Water Source 
Public
Interior Features
Flooring 
Hardwood
Heating 
Electric
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Exterior Features
Construction Details 
Wood Siding
Fencing 
FencedPartial
Lot Features 
Corner LotPaved
Other Structures 
Outbuilding
Patio And Porch 
DeckPatio
Roof 
Composition
View 
Territorial
Waterview 
Territorial
Community Features
Financing Terms Available 
ConventionalVA Loan
MLS Area 
41 - Lakewood/Tillicum
School District 
Clover Park
Schools
School District
Clover Park
Elementary School
Tillicum Elem
Middle School
Woodbrook Mid
High School
Clover Park High
Courtesy of NWMLS
Listing courtesy of Devin Gordon Sr of CENTURY 21 North Homes Realty



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Based on Information submitted to the MLS Grid as of: 2024-10-29 05:00 PM PDT

Neighborhood & Commute
Source: Walkscore
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