Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.
Active
Listed by: Every Door Real Estate • Inderveer Basra
$674,999
8311 Lake Street SW, Lakewood, WA 98498
6beds
3baths
2,088sqft
:
Get pre-qualified$4,245/mo
Triplex, Multi Family
Built in 1963
-- sqft lot
$659,900 Zestimate®
$323/sqft
$-- HOA
What's special
Ample off-street parkingShared laundry roomExtensive interior renovationsNew roofVinyl windows
- 9 days |
- 190 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Inderveer Basra,
Every Door Real Estate,
Lindsey Gudger,
Every Door Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2555073
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Forced Air, Electric
Cooling
- Forced Air
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,088
- Total interior livable area: 2,088 sqft
Property
Parking
- Total spaces: 6
- Uncovered spaces: 6
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.3 Acres
- Features: Corner Lot, Paved, Sidewalk, Cable TV, Fenced-Fully
Details
- Parcel number: 2200002450
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tri-plex
- Property subtype: Triplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1963
- Major remodel year: 1999
Utilities & green energy
- Sewer: Septic Tank
- Water: Public, Company: PSE
- Utilities for property: Xfinity
Community & HOA
Community
- Subdivision: Tillicum
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $323/sqft
- Tax assessed value: $551,700
- Annual tax amount: $5,737
- Date on market: 7/14/2026
- Cumulative days on market: 11 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$659,900
$627,000 - $693,000
$2,112/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $674,999+50%$323/sqft |
Source:  NWMLS as distributed by MLS GRID #2555073 Report a problem | ||
| 9/27/2019 | Sold | $449,900$215/sqft |
Source: NWMLS as distributed by MLS GRID #1478072 Report a problem | ||
| 8/24/2019 | Pending sale | $449,900$215/sqft |
Source: Windermere Chambers Bay #1478072 Report a problem | ||
| 8/19/2019 | Price change | $449,900-4.3%$215/sqft |
Source: Windermere Chambers Bay #1478072 Report a problem | ||
| 7/31/2019 | Listed for sale | $469,900$225/sqft |
Source: Windermere Chambers Bay #1478072 Report a problem | ||
| 6/26/2019 | Pending sale | $469,900$225/sqft |
Source: Windermere Chambers Bay #1478072 Report a problem | ||
| 6/20/2019 | Listed for sale | $469,900+34.3%$225/sqft |
Source: Windermere Chambers Bay #1478072 Report a problem | ||
| 10/5/2018 | Listing removed | $349,900$168/sqft |
Source: Windermere Professional Partners #1348214 Report a problem | ||
| 8/25/2018 | Pending sale | $349,900$168/sqft |
Source: Windermere Professional Partners #1348214 Report a problem | ||
| 8/19/2018 | Listed for sale | $349,900$168/sqft |
Source: Windermere Professional Partners #1348214 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,737 +0.1% | $551,700 +3.5% |
| 2023 | $5,730 +8.1% | $532,800 +3.7% |
| 2022 | $5,300 +4.2% | $513,900 +17.8% |
| 2021 | $5,086 +66.3% | $436,100 +61.3% |
| 2019 | $3,058 -1% | $270,400 +6.5% |
| 2018 | $3,088 +13.1% | $254,000 +21.8% |
| 2017 | $2,731 +19.8% | $208,600 +29.2% |
| 2016 | $2,280 | $161,500 +13.3% |
| 2014 | $2,280 +8.1% | $142,500 +3.8% |
| 2013 | $2,109 | $137,300 +3.3% |
| 2012 | -- | $132,900 -13.6% |
| 2011 | -- | $153,800 -11.6% |
| 2010 | -- | $174,000 -10.8% |
| 2009 | -- | $195,000 -10.6% |
| 2008 | $2,615 +0% | $218,200 +1% |
| 2007 | $2,615 +59% | $216,000 +102.2% |
| 2002 | $1,644 +0% | $106,800 -1.1% |
| 2001 | $1,644 | $108,000 +0.3% |
| 2000 | $1,644 | $107,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Tillicum
Nearby schools
GreatSchools rating
- 3/10Tillicum Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Woodbrook Middle SchoolGrades: 6-8Distance: 2 mi
- 4/10Clover Park High SchoolGrades: 9-12Distance: 2.7 mi
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