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  • Listed by: RE/MAX Northwest
    $2,250,000

    8303 John Dower Road SW, Lakewood, WA 98499

    16beds
    8baths
    6,066sqft
    : 
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    Multi Family
    Built in 1962
    -- sqft lot
    $2,144,200 Zestimate®
    $371/sqft
    $-- HOA

    What's special

    Additional street parkingAmple on-site parkingModern kitchen cabinetryUpdated flooringExcellent visibilityAttractive landscapingDesirable corner lot
    Exceptional investment opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets.
    21 days
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    188
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    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tamara Paul,

    RE/MAX Northwest

    Source: NWMLS as distributed by MLS GRID,MLS#: 2530635MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 16
      • Bathrooms: 8
      Heating
      • Baseboard, Wall Furnace, Electric
      Cooling
      • None
      Features
      • Flooring: Laminate, Carpet
      • Has fireplace: No
      Interior area
      • Total structure area: 6,066
      • Total interior livable area: 6,066 sqft

      Property

      Parking
      • Total spaces: 10
      • Uncovered spaces: 10
      Features
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 0.62 Acres
      • Dimensions: 225 x 120
      • Features: Corner Lot
      Details
      • Parcel number: 5230000295
      • Zoning description: Multi-Family,Jurisdiction: City
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: 5-9 Units
      • Property subtype: Multi Family
      Materials
      • Wood Siding
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Good
      • Year built: 1962
      • Major remodel year: 1985

      Utilities & green energy

      • Electric: Company: TPU
      • Sewer: Sewer Connected, Company: Pierce County Sewer
      • Water: Public, Company: Lakewood Water District
      • Utilities for property: Xfinity, Xfinity

      Community & HOA

      Community
      • Subdivision: Lakewood
      Location
      • Region: Lakewood

      Financial & listing details

      • Price per square foot: $371/sqft
      • Annual tax amount: $12,656
      • Date on market: 6/4/2026
      • Cumulative days on market: 22 days
      • Listing terms: Conventional

        Estimated market value

        $2,144,200

        $2.04M - $2.25M

        $1,872/mo

        Price history

        DateEventPrice
        6/4/2026Listed for sale$2,250,000$371/sqft
        Source: NWMLS as distributed by MLS GRID #2530635 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: Dower

          Getting around

          35 / 100
          Car-Dependent
          45 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Middle: Lakewood Mid
          • High: Lakewood High

          Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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