Listed by Fredrick Alfred Briddle Jr, Premier Real Estate Partners
- 5
- Bedrooms
- 4
- Bathrooms
- 2,363
- Square feet
- $233
- Per sq ft
- Single Family Residence
- Type
- 1941
- Year built
- 8,630 sq ft
- Lot
- 45
- Days on market
About this property
Fantastic 4-unit investment opportunity! The vacant unit was previously owner-occupied, presenting a perfect house-hacking setup or high-yield rental potential. The 3 currently occupied units offer a 5.5% cap rate with a 6.7% Pro Forma cap rate. All tenants are currently month-to-month. Choose to occupy the vacant unit yourself or lease it out for maximum cash flow. Conveniently located near JBLM, Lakewood Town Center, local hospitals, major freeways, UW Tacoma, and PLU. 2 bed rents for $1800, Currently 1 bed rents for $1400, 1 bed rents for $900
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2570898
- Listed
- August 20, 2026
- Days on market
- 45
- Price per sq ft
- $233
Unit & building
- Unit levels
- One and One Half
Parking
- Parking
- Attached GarageOff StreetRV Parking
- Total spaces
- 8
Construction
- Year built
- 1941
- Style
- 11 - 1 1/2 Story
- Structure
- House
- Roof
- Composition
Heating & cooling
- Heating
- Forced Air
- Cooling
- Forced Air
- Energy source
- Electric
Interior features
- Features
- Second KitchenCeiling Fan(s)High Tech Cabling
Flooring
- Flooring
- HardwoodLaminateVinylCarpet
Appliances
- Appliances
- DishwasherRefrigeratorStove(s)/Range(s)
Lot
- Lot features
- Corner LotPavedSidewalk
- Lot size
- 8,630 sq ft
Terms
- Terms offered
- CashConventionalFHARehab LoanState BondVA Loan
Utilities
- Water
- Lakeview
- Sewer
- Pierce County
- Power
- TPU
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.
- One and One Half
- Attached Garage
- Off Street
- RV Parking
- House
- Composition
- Forced Air
- Electric
- Second Kitchen
- Ceiling Fan(s)
- High Tech Cabling
- Hardwood
Listing history
Listed
$549,999
August 20, 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
$3,203
- Principal & interest
- $2,781
- Property tax (est.)
- $422
Assumes $110,000 down (20%), a $439,999 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 October 4, 2026 at 6:15 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.