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Listed by: Windermere Prof Partners • Steven McNamer

$1,000,000

8409 Washington Boulevard SW, Lakewood, WA 98498

3beds

2,426sqft

$6,226/mo

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Single Family Residence

Built in 1923

1.12 Acres Lot

$986,000 Zestimate^®

$412/sqft

$-- HOA

What's special

Large shopLevel wooded parcel

Motivated Seller ~ What's your offer? ~ Attention Developers and Investors: Prime 1.12-acre development opportunity on a main arterial with R4 zoning—potential for up to 17 units! Ideal for investors and builders, this level, wooded parcel offers dual access from both Washington Blvd and Moreland, maximizing design flexibility and access. Existing structures include 2 homes, carports, and a large shop—perfect for staging, planning, or rental income during permitting. Don’t miss this rare chance to unlock serious value in a growing area!

249 days
169
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 1
Main level bedrooms: 2

Heating

Forced Air, Electric, Natural Gas

Cooling

None

Appliances

Included: Water Heater: Gas, Water Heater Location: Basement

Features

Flooring: Hardwood
Basement: Finished
Has fireplace: No

Interior area

Total structure area: 1,826
Total interior livable area: 2,426 sqft

Property

Parking

Total spaces: 8
Parking features: Detached Carport, Driveway, Detached Garage, Off Street, RV Parking
Has garage: Yes
Has carport: Yes
Covered spaces: 8

Features

Levels: Two
Stories: 2
Entry location: Main
Patio & porch: Water Heater

Lot

Size: 1.12 Acres
Features: Dead End Street, Paved, Sidewalk, Value In Land, Fenced-Partially, Gas Available, Outbuildings, Patio, RV Parking, Shop
Topography: Level
Residential vegetation: Fruit Trees, Garden Space, Wooded

Details

Additional structures: ADU Beds: 1, ADU Baths: 1
Parcel number: 5005001820
Zoning: R4
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: 2 Stories w/Bsmnt
Property subtype: Single Family Residence

Materials

Wood Siding
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1923
Major remodel year: 1923

Utilities & green energy

Sewer: Available, Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Lakewood

Location

Region: Lakewood

Financial & listing details

Price per square foot: $412/sqft
Tax assessed value: $392,100
Annual tax amount: $4,454
Date on market: 4/1/2025
Cumulative days on market: 526 days
Listing terms: Conventional

Estimated market value

$986,000

$937,000 - $1.04M

$2,969/mo

Price history

Date	Event	Price
3/2/2026	Price change	$1,000,000-23.1%$412/sqft
Source: NWMLS as distributed by MLS GRID #2464750 Report a problem
1/2/2026	Listed for sale	$1,300,000$536/sqft
Source: NWMLS as distributed by MLS GRID #2464750 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$647 +27.1%	$91,640
2024	$509 -91.7%	$91,640 -75.5%
2023	$6,151 +574.1%	$374,700 +135.5%
2022	$913 -11%	$159,100
2021	$1,026 -62.7%	$159,100 -34.8%
2019	$2,750 -5.3%	$244,200 +7.4%
2018	$2,905 +7.9%	$227,300 +16.4%
2017	$2,692 +19%	$195,300 +34.4%
2016	$2,262	$145,300 +3.2%
2014	$2,262 +14%	$140,800 +12.5%
2013	$1,984	$125,100 +0.7%
2012	--	$124,200 -19.1%
2011	--	$153,600 -9.1%
2010	--	$168,900