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JRJeff ReynoldsCompass · Seattle

Listed by Natalie Sutey, Coldwell Banker Bain

3
Bedrooms
2
Bathrooms
1,100
Square feet
$359
Per sq ft
Single Family Residence
Type
1966
Year built
6,534 sq ft
Lot
115
Days on market

About this property

Prime Lakewood opportunity offering flexibility, income potential, and long-term upside! This well-maintained 3-bedroom, 2-bath home spans approximately 1,100 sq ft and presents immediate rental, owner-occupant, or light value-add potential. Existing improvements include updated appliances, custom cabinetry, and functional living spaces, creating a comfortable and move-in-ready environment with room to personalize. Situated on a generous lot with a large storage area, the property offers excellent flexibility for outdoor use, expansion, or future development. Zoning allows for up to three units (buyer to verify), making it an ideal option for builders, investors, or buyers seeking to maximize long-term value. Unique opportunity to purchase alongside neighboring property, creating a potential multi-home or multi-unit setup. Ideal for owner-occupants exploring a “live in one, rent the other” strategy, multi-generational living, or investors looking to expand their portfolio with side-by-side assets. Located in a high-demand rental corridor near JBLM with easy access to I-5, shopping, and dining, this property is well-positioned for strong rental performance, appreciation, and future growth.

Location & commute

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Directions

Property details

Listing details

Listing number
#2492286
Listed
March 20, 2026
Days on market
115
Price per sq ft
$359
Original list price
$405,000

Unit & building

Unit levels
One

Parking

Parking
None

Views

View
Mountains

Construction

Year built
1966
Style
10 - 1 Story
Structure
House
Roof
Composition

Heating & cooling

Heating
Wall Furnace
Cooling
Wall Unit(s)
Energy source
Electric

Flooring

Flooring
Vinyl

Lot

Lot features
AlleyValue In Land
Lot size
6,534 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Water
See Remarks
Sewer
Sewer Connected

Schools

District
Lakewood
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • One
  • None
  • Mountains
  • House
  • Composition
  • Wall Furnace
  • Wall Unit(s)
  • Electric
  • Vinyl
  • Alley
  • Value In Land
  • Cash

Listing history

  1. Listed

    $405,000

    March 20, 2026

  2. Current price

    $395,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$2,300

Principal & interest
$1,997
Property tax (est.)
$303

Assumes $79,000 down (20%), a $316,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:15 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.