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$580,000
2544523 MLS ⋅ ACTIVE Status
Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.

2604 92nd Street S Unit #A/B, Lakewood

Listing courtesy of COMPASS.

$599,900
2544520 MLS ⋅ ACTIVE Status
Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, and vinyl flooring in the kitchen, bath, and laundry areas. The lower unit also offers 2 bedrooms and 1 bath with laminate and vinyl flooring throughout. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill and passed through to tenants along with utilities. The furnace and water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential and may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

8601 8603 Maple Street SW, Lakewood

Listing courtesy of COMPASS.

$635,000
2534085 MLS ⋅ ACTIVE Status
Rare opportunity to own a well-maintained duplex tucked against a peaceful greenbelt/wildlife corridor, offering a unique blend of privacy, nature, & income potential. Backing to a year-round creek and protected natural surroundings, this property provides a serene setting where deer and local wildlife are frequent visitors. ** The upper residence offers a spacious and thoughtfully updated layout with 2 bedrooms, an office, decorative fireplace, in unit laundry room w/W/D hookup + 1.5 baths w/private deck. Upgrades include granite countertops, newer cabinetry, laminate flooring, beautiful porcelain tile, vinyl windows and hot water heater (2024). ** The lower residence includes 2 bedrooms and 1 bath with fireplace, extra large in unit laundry w/W/D hookup, private patio, plus new hot water tank and new kitchen appliances (2024). Each unit has its own garage and access to the tranquil natural setting beyond. ** Whether you're an investor seeking a turnkey income property or an owner-occupant looking to offset your mortgage with rental income, this duplex offers flexibility + long-term value. Live in one unit while generating income from the other, or add a solid performer to your investment portfolio. New interior / exterior paint, 2024 new roof. ** Ideally located near Lake Steilacoom, shopping, dining, parks, and Lakewood Towne Center. A rare combination of nature, functionality, and investment opportunity in a well kept neighborhood. Must see this beautiful, turnkey duplex!

8701 72nd Avenue Ct SW, Lakewood

Listing courtesy of RE/MAX Northwest.

$575,000
2503329 MLS ⋅ ACTIVE Status
Two units, one smart investment, welcome to your next cash-flowing property in Lakewood! This well-maintained 2,360 sq ft duplex at 5907-5909 111th St Sw offers endless potential for investors, multi-generational living, or owner-occupants looking to offset their mortgage. Each spacious unit features 2 large bedrooms, 1.5 bathrooms, and a bright, inviting living room centered around a cozy fireplace. The layout boasts a large kitchen space with ample storage, plus a separate laundry room and half-bath on the main floor. Upstairs, you'll find two generously sized bedrooms and a full bathroom, providing comfortable separation of space. Situated on a large 8,316 sq ft lot, the property includes a fully fenced yard, newly replaced water heaters, updated bathroom (5909), new carpet, a patio, and abundant parking with up to 8 spaces (including carports). Well maintained to ensure it's move-in ready. In a prime location situated in the desirable Lakeview neighborhood, this duplex is just minutes from Joint Base Lewis-McChord (JBLM), making it a highly sought-after rental. Enjoy walking distance to Clover Park High School, local parks, and the Lakewood Towne Center. Commuting is a breeze with quick access to I-5 and Bridgeport Way. Whether you're looking to live in one unit and rent the other, accommodate extended living, or add a solid cash-flowing asset to your portfolio, this duplex delivers. Don't miss out on this rare Lakewood property!

5907 to 5909 SW 111th Unit #07-09, Lakewood

Listing courtesy of Keller Williams West Sound.

$620,000
2489355 MLS ⋅ ACTIVE Status
This recently updated duplex presents a strong opportunity for steady cash flow. Both 2 bed / 1 bath units feature modernized kitchens with newer appliances, quality fixtures, and quartz or granite countertops. Interiors include updated bathrooms, new flooring, and fresh paint throughout. The property sits on a large lot with fully fenced backyards, separated by a fence between the units for added privacy. It has been pre-inspected and is fully occupied with reliable tenants. Current rents are approximately 20% below market value, offering room for future increases. A detached two-car garage may provide additional rental income or potential conversion to another unit (buyer to verify),6 more parking spots in driveway. Conveniently located near the lake and many local amenities. Please do not disturb tenants.

6801 -6803 Steilacoom Boulevard SW, Lakewood

Listing courtesy of AQUA Real Estate.

$3,180,000
2477546 MLS ⋅ ACTIVE Status
CHRISTINE ESTATES consists of 4-DUPLEXES (8-UNITS). All Four Duplexes are identical (facing the front of the duplex: left units have 1065-sf and the right units have 1076-sf. The duplexes are 1-story with Vaulted Ceilings in the Main Living Areas. The High Ceilings and Open Main Living Areas are impressive. Upgraded Cabinets, Stainless Steel Appliances, Quartz Counter-tops, Large Island with Eating Bar plus 5-foot Pantry will make this Kitchen will make for long term Tenancies. Large Primary Suite with Private Full Bath. Units are heated & cooled by a Ductless Heat Pump with additional Cadet Wall Heaters in Bedrooms. Single car garages plus 2 uncovered onsite parking spaces for each Unit plus new paved street parking with vertical curbs & sidewalks for additional guest parking. Surrounding Neighborhood is very nice, well maintained and mostly newer homes. Irrigated front yard Lawns and Landscaping separate each of the two Driveways for each Duplex for a clean, well kept, beautiful appearance. The Project is located 10-15 minutes from JBLM and close to shopping, schools, eateries, theaters & medical services including St Claire's Hospital. The Duplexes are almost 3-years old and during that time only 2-Units have turned over Tenancy.

5702 5708 79th Street W Unit #A & B, Lakewood

Listing courtesy of Harvest Realty, Inc.

$349,000
2441600 MLS ⋅ PENDING SHORT SALE Status
**HUGE Price Reduction!!**Turnkey duplex featuring two 1 bed / 1 bath units — both well-maintained and fully rented. Each side offers quality paint, flooring, windows, roof, and appliances. Tenants enjoy ample parking and convenient access to Lakewood Town Center, Clover Park College, and JBLM. Prime location with strong rental demand and easy access to I-5 and Hwy 512. A solid, low-maintenance addition to any rental portfolio.

6715 Steilacoom Boulevard SW, Lakewood

Listing courtesy of eXp Realty.

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