Listed by Chris Ranch, Keller Williams Realty PS · Buyer brokerage: Timber Real Estate
- 7,716
- Square feet
- $353
- Per sq ft
- Multi Family
- Type
- 1999
- Year built
- 17,860 sq ft
- Lot
- 197
- Days on market
About this property
Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2498457
- Listed
- September 11, 2025
- Days on market
- 197
- Price per sq ft
- $353
- Sold price
- $2,100,000
- Sold
- May 12, 2026
Unit & building
- Unit
- 15
- Stories in building
- 2
- Units in building
- 10
Parking
- Total spaces
- 12
Views
- View
- Lake
Construction
- Year built
- 1999
- Style
- 55 - 5-9 Units
- Structure
- Multi Family
- Roof
- Composition
Heating & cooling
- Heating
- Forced Air
- Cooling
- None
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- LaminateVinyl Plank
Lot
- Lot features
- Adjacent to Public LandCorner Lot
- Lot size
- 17,860 sq ft
- Waterfront
- Yes
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Individual Well
- Sewer
- Septic Tank
Schools
- District
- Lakewood
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Lake
- Multi Family
- Composition
- Forced Air
- None
- Electric
- Natural Gas
- Laminate
- Vinyl Plank
- Adjacent to Public Land
- Corner Lot
- Cash
Listing history
Listed
$2,100,000
September 11, 2025
Sold
$2,100,000
May 12, 2026
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
$12,229
- Principal & interest
- $10,619
- Property tax (est.)
- $1,610
Assumes $420,000 down (20%), a $1,680,000 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.
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Based on information submitted to the MLS GRID as of July 15, 2026 at 2:15 AM 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.