Exceptional investment and future development opportunity in a prime Lakewood location. Situated on 0.39 acres across from American Lake Park and the public boat launch, this property features two duplexes comprised of four one-bedroom, one-bath units. Two units enjoy peekaboo views of American Lake, while the generous lot provides abundant parking, or boat / trailer storage. With strong rental appeal, a highly desirable recreational setting, and potential for future redevelopment (buyer to verify), this property offers a unique combination of current cash flow and long-term upside. Conveniently located near JBLM, shopping, dining, Laundromat and major commuter routes, this is a rare opportunity to own a multifamily asset in one of Lakewood’s most sought-after locations. M2M Renter in Unit C would like to renew his Lease.
Pending
Listed by: NWC-KV LLC • Briana Hickey
$559,000
9315 Veterans Drive SW, Lakewood, WA 98498
4beds
4baths
1,900sqft
:
Get pre-qualified$3,516/mo
Quadruplex, Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$294/sqft
$-- HOA
What's special
- 6 days |
- 554 |
- 30 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Briana Hickey,
NWC-KV LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2563414
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,900
- Total interior livable area: 1,900 sqft
Property
Parking
- Total spaces: 10
- Uncovered spaces: 10
Lot
- Size: 0.39 Acres
Details
- Parcel number: 6385200300
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1924
- Major remodel year: 1998
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Pierce County
- Water: Public, Company: City of Lakewood
Community & HOA
Community
- Subdivision: American Lake
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $294/sqft
- Tax assessed value: $496,600
- Annual tax amount: $6,059
- Date on market: 8/1/2026
- Cumulative days on market: 7 days
- Listing terms: Conventional,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Pending sale | $559,000$294/sqft |
Source:  NWMLS as distributed by MLS GRID #2563414 Report a problem | ||
| 8/1/2026 | Listed for sale | $559,000+408.2%$294/sqft |
Source: NWMLS as distributed by MLS GRID #2563414 Report a problem | ||
| 12/13/2018 | Sold | $110,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,640 +4.2% | $496,600 +2.9% |
| 2023 | $5,415 +15.5% | $482,500 +11.6% |
| 2022 | $4,689 +29.2% | $432,400 +49.2% |
| 2021 | $3,629 +31.6% | $289,900 +26.7% |
| 2019 | $2,757 -1% | $228,800 +8.1% |
| 2018 | $2,786 +4.5% | $211,700 +18.7% |
| 2017 | $2,666 +17% | $178,400 +25.9% |
| 2016 | $2,278 | $141,700 +5.9% |
| 2014 | $2,278 -4.9% | $133,800 +16.2% |
| 2013 | $2,397 | $115,100 -19.5% |
| 2012 | -- | $143,000 -16.2% |
| 2011 | -- | $170,600 -11.8% |
| 2010 | -- | $193,500 |
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: Lake City
Nearby schools
GreatSchools rating
- 6/10Lake Louise Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Woodbrook Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Lakes High SchoolGrades: 9-12Distance: 1.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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