Investor Alert - Prime Lakewood Opportunity Near JBLM! This 888 sq ft, 2-bed, 1-bath home sits on a spacious lot with tons of upside. Solid bones, a detached shop, and a location just minutes from JBLM makes it ideal for a fix-and-hold, long-term rental, or value-add flip. Plenty of room for ADU expansion (buyer to verify), offering even more income potential. With strong rental demand in the area and convenient access to schools, shopping, and transit, this is a smart addition to any investment portfolio. Bring your vision - this one won’t last!
Sold
Listed by: Keller Williams Realty • Kara Rogers
Bought with: Keller Williams Rty Tacoma
$310,000
8207 Lake Street SW, Lakewood, WA 98498
2beds
888sqft
Single Family Residence
Built in 1947
8,951 Square Feet Lot
$309,000 Zestimate®
$349/sqft
$2,081 Estimated rent
Home value
$309,000
Estimated sales range
Not available
$2,081/mo
Zestimate® history
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$1,538/mo
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Detached shopSpacious lot
Zillow last checked:
Listing updated:
Listed by:
Kara Rogers,
Keller Williams Realty
Bought with:
Elias Stigile, 22014456
Keller Williams Rty Tacoma
Source: NWMLS as distributed by MLS GRID,MLS#: 2431190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Water Heater: Elecrtric, Water Heater Location: Laundry Room/Pantry
Features
- Ceiling Fan(s), Dining Room
- Flooring: Vinyl, Carpet
- Windows: Double Pane/Storm Window
- Basement: None
- Has fireplace: No
- Fireplace features: Electric, Gas
Interior area
- Total structure area: 888
- Total interior livable area: 888 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Attached Garage, Detached Garage, Off Street, RV Parking
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Security System, Walk-In Pantry, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,951 Square Feet
- Features: Paved, Deck, Fenced-Fully, Gas Available, Outbuildings, RV Parking, Shop
- Topography: Level
- Residential vegetation: Fruit Trees, Garden Space
Details
- Parcel number: 2200002500
- Zoning: LKWD
- Zoning description: Jurisdiction: City
- Special conditions: Standard
- Other equipment: Leased Equipment: N/A
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Average
- Year built: 1947
- Major remodel year: 1978
Utilities & green energy
- Electric: Company: City of Lakewood
- Sewer: Sewer Connected, Company: City of Lakewood
- Water: Public, Company: Lakewood Water District
Community & HOA
Community
- Security: Security System
- Subdivision: Lakewood
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $349/sqft
- Tax assessed value: $345,500
- Annual tax amount: $742
- Date on market: 10/31/2025
- Cumulative days on market: 264 days
- Listing terms: Conventional,Rehab Loan
- Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $310,000+3.3%$349/sqft |
Source:  NWMLS as distributed by MLS GRID #2431190 Report a problem | ||
| 9/27/2025 | Pending sale | $300,000$338/sqft |
Source: NWMLS as distributed by MLS GRID #2431190 Report a problem | ||
| 9/12/2025 | Listed for sale | $300,000$338/sqft |
Source: NWMLS as distributed by MLS GRID #2431190 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $742 -6.2% | $107,290 +2.5% |
| 2023 | $790 -64.7% | $104,641 -67.7% |
| 2022 | $2,239 -62.4% | $324,000 +18% |
| 2021 | $5,959 +177.2% | $274,500 +41.5% |
| 2019 | $2,149 +1.7% | $194,000 +10.7% |
| 2018 | $2,114 +4.3% | $175,300 +24.8% |
| 2017 | $2,027 +24.8% | $140,500 +17.4% |
| 2016 | $1,624 | $119,700 +20.2% |
| 2014 | $1,624 +0.7% | $99,600 +9.2% |
| 2013 | $1,612 | $91,200 -8.7% |
| 2012 | -- | $99,900 -15.3% |
| 2011 | -- | $118,000 -11.7% |
| 2010 | -- | $133,600 -7.7% |
| 2009 | -- | $144,800 -4.8% |
| 2008 | -- | $152,100 -0.8% |
| 2007 | $1,886 +41.3% | $153,300 +82.3% |
| 2002 | $1,335 | $84,100 |
Find assessor info on the county website
Neighborhood: Tillicum
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Nearby schools
GreatSchools rating
- 3/10Tillicum Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Woodbrook Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Clover Park High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$309,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$309,000
- Washington
- Pierce County
- Lakewood
- 98498
- Tillicum
- 8207 Lake Street SW
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