Excellent cash flow investment with 4 1-bedroom units leased at $975 each per month. Two units up and two units down. Large 11,000 plus square foot fenced lot. City of Lakewood says it will support another 4-plex that can be built for additional cash flow (buyer to verify). Portland Avenue was repaved with curbs, gutters, sidewalks, and bike lane plus sewer installation. Convenient location near Harry Todd Park and American Lake. Easy access to JBLM, Madigan Hospital, and I-5 either North or South. Price reduced for quick sale. Great value for a 4-unit building as most are sold for $100s of thousands more.
Listing Provided Courtesy of Dan Dodge, All Real Estate Solution
General Information
NWM2348546
Multi Family
82
DOM
0.25 acres
2032
1935
Multi-F
Pierce
Buyer To Verify
Buyer To Verify
Buyer To Verify
Residential Incom
Multi Family
Listing Provided Courtesy of Dan Dodge, All Real Estate Solution
Krishna Realty data last checked: Jun 17, 2025 17:29 | Listing last modified Jun 13, 2025 23:40,
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Residence Information
2032
Composition
54 - 4-Plex
1935
Poured Concrete
Storage, Thermal Wind
Features and Utilities
Wood Products
Public
Sewer Connected
453
Financial
5188
Cash Out, Conventional, FHA, VA Loan
03-23-2025
Comparable Information
82
82
Cash Out, Conventional, FHA, VA Loan
$649,950
$649,950
Jun 13, 2025 23:40
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Buyer To Verify N/ARatings High : Buyer To VerifyN/ARatings
Excellent cash flow investment with 4 1-bedroom units leased at $975 each per month. Two units up and two units down. Large 11,000 plus square foot fenced lot. City of Lakewood says it will support another 4-plex that can be built for additional cash flow (buyer to verify). Portland Avenue was repaved with curbs, gutters, sidewalks, and bike lane plus sewer installation. Convenient location near Harry Todd Park and American Lake. Easy access to JBLM, Madigan Hospital, and I-5 either North or South. Price reduced for quick sale. Great value for a 4-unit building as most are sold for $100s of thousands more.
