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.
Active
Listed by: RE/MAX Northwest
$2,250,000
8303 John Dower Road SW, Lakewood, WA 98499
16beds
8baths
6,066sqft
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
- 21 days |
- 188 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Tamara Paul,
RE/MAX Northwest
Source: NWMLS as distributed by MLS GRID,MLS#: 2530635
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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
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $2,250,000$371/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: Dower
Nearby schools
GreatSchools rating
- 3/10Dower Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 1/10Lochburn Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Harrison Preparatory SchoolGrades: 6-12Distance: 0.9 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- Pierce County
- Lakewood
- 98499
- Dower
- 8303 John Dower Road SW






