217 A & B Lake Louise Drive SW, Lakewood, WA 98498
- $480,000
- 1,144
- SqFt
Listing courtesy of RE/MAX Exclusive. Selling Office: RE/MAX Exclusive.
- Sold Price
- $480,000
- List Price
- $489,000
- Status
- SOLD
- MLS#
- 2412728
- Closing Date
- Oct 14, 2025
- Days on Market
- 32
- Style
- 52 - Duplex
- Finished SqFt
- 1,144
- Area Total SqFt
- 1144
- Annual Tax Ammount
- 4073
- Lot Size (sq ft)
- 15,682
- Sewer
- Sewer Connected
Property Description
Discover an exceptional duplex opportunity nestled on a hillside w/stunning Lake Louise view! Recently remodeled property offers the perfect blend of rental income potential and/or personal living space. Charming Studio Unit A features well-designed living space, complete with a full kitchen, bath & large living space. Unit B includes 2 comfortable bedrooms; full bath, WA & Dryer & a modern kitchen w/ French doors opening to a generous patio. Grab you kayak and walk to the public boat launch. Currently generating rental income from both units-This is a turnkey investment! Looking to build your real estate portfolio or create your own live-in investment, this Lake Louise gem delivers both financial opportunity and lifestyle appeal.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-09-12 00:00:00
- Community
- Lake Louise
- Net Operating Income
- $33,005
- Gross Adjusted Income
- $33,005
- Gross Scheduled Income
- $39,600
- Total Monthly Income
- $3,300
- Insurance Expenses
- $1,010
- Water/Sewer/Garbage Expenses
- $1,512
- Gross Rent Multiplier
- 12
- Total Expenses
- $7,663
- Cap Rate
- 6
- Total Number of Units
- 2
- Unit Name
- 217 A & B
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1950
- View
- Lake
- Roof
- Composition
- Site Features
- Outbuildings, Patio
- Electric Expenses
- 1068
- Energy Source
- Electric
- School District
- Clover Park
- Total Monthly Income
- $3,300
- Gross Scheduled Income
- $39,600
- Gross Adjusted Income
- $33,005
- Tax Year
- 2025
- Insurance Expense
- $1,010
- W/S/G Expenses
- $1,512
- Total Expenses
- $7,663
- Net Operating Income
- $33,005
- Gross Rent Multiplier
- 12
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.