8311 Lake Street SW, Lakewood, WA 98498
- $674,999
- 2,088
- SqFt
Listing courtesy of Every Door Real Estate.
- List Price
- $674,999
- Status
- ACTIVE
- MLS#
- 2555073
- Days on Market
- 11
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,088
- Area Total SqFt
- 2088
- Annual Tax Ammount
- 5737
- Lot Size (sq ft)
- 13,169
- Sewer
- Septic Tank
Property Description
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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Additional Information
- List Date
- 2026-07-15 17:53:13
- Community
- Tillicum
- Net Operating Income
- $32,958
- Gross Adjusted Income
- $32,958
- Gross Scheduled Income
- $37,680
- Total Monthly Income
- $5,375
- Insurance Expenses
- $824
- Water/Sewer/Garbage Expenses
- $720
- Gross Rent Multiplier
- 12
- Total Expenses
- $7,401
- Cap Rate
- 7
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 8311
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1963
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully
- Electric Expenses
- 120
- Energy Source
- Electric
- School District
- Clover Park
- Total Monthly Income
- $5,375
- Gross Scheduled Income
- $37,680
- Vacancy Rate
- 5
- Gross Adjusted Income
- $32,958
- Tax Year
- 2025
- Insurance Expense
- $824
- W/S/G Expenses
- $720
- Total Expenses
- $7,401
- Net Operating Income
- $32,958
- Gross Rent Multiplier
- 12
- Cap Rate
- 7
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.