98498 Homes with Average Building Condition

98498 Homes with Average Building Condition

Welcome to the vibrant community of Lakewood, Washington, nestled in the picturesque Pierce County and enveloped by the natural beauty of the Pacific Northwest. The 98498 zip code is more than just a postal code; it's a gateway to a lifestyle that balances suburban tranquility with urban convenience.

In this charming area, you'll find a diverse selection of homes, many of which boast an average building condition, making them perfect for those looking to infuse their personal touch. Whether you're a first-time homebuyer or seeking a cozy retreat, the properties here offer a welcoming atmosphere and a sense of community that is hard to find elsewhere.

Lakewood is known for its lush parks, including the expansive Fort Steilacoom Park, which provides ample opportunities for outdoor activities like hiking, picnicking, and enjoying the scenic views. The area is also conveniently located near major highways, providing easy access to nearby cities such as Tacoma and Seattle, making commuting a breeze.

Families will appreciate the quality schools within the Lakewood School District, ensuring that children receive a solid education in a nurturing environment. With a variety of shopping and dining options nearby, residents can enjoy a fulfilling lifestyle without venturing far from home.

In the 98498 zip code, you’ll discover not just houses, but homes filled with potential, waiting for you to make them your own. Embrace the charm of Lakewood, where community spirit thrives and every day feels like a new adventure!

Newest 98498 Homes with Average Building Condition

$599,900
2544520 MLS ⋅ ACTIVE Status
Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, & vinyl flooring in the kitchen, bath, & laundry areas. The lower unit also offers 2 bedrooms & 1 bath with laminate and vinyl flooring throughout, & has new stove and dishwasher. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill & passed through to tenants along with utilities. The furnace & water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential & may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

8601 8603 Maple Street SW, Lakewood

Listing Broker: COMPASS; Jim Swanson; ; jim.swanson@compass.com

$2,100,000
2535832 MLS ⋅ ACTIVE Status
Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.

11002 Idlewild Road SW, Lakewood

Listing Broker: Keller Williams Rty Tacoma; Matt Harber; 253-229-1329; matt@harberhomegroup.com

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