11213 Kline Street SW, Lakewood, WA 98499
- $955,000
- 3,603
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: Terrafin.
- Sold Price
- $955,000
- List Price
- $998,500
- Status
- SOLD
- MLS#
- 2439007
- Closing Date
- Apr 14, 2026
- Days on Market
- 302
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,603
- Area Total SqFt
- 3603
- Annual Tax Ammount
- 7885
- Lot Size (sq ft)
- 26,921
- Sewer
- Sewer Connected
Property Description
Rare Fourplex in Lakewood. Turnkey investment opportunity! This unique property includes two single-family homes + one duplex on a large 0.62-acre lot. All units are modernized with updated kitchens, baths, flooring, and more. ready for strong, stable tenants. Gross rents average $8,000/month. Fully renovated & low maintenance. Minutes to JBLM, I-5, and Lakewood Transit. Rare 3-bedroom units create a high tenant demand. Plenty of yard space & parking. Whether you’re an investor seeking reliable cash flow or looking to house-hack, this property checks all the boxes. Solid cap rate, prime location, and future upside potential!Don’t miss this one—schedule your showing today!
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Additional Information
- List Date
- 2025-06-16 00:00:00
- Community
- Lakewood
- Net Operating Income
- $80,005
- Gross Adjusted Income
- $101,892
- Gross Scheduled Income
- $101,892
- Total Monthly Income
- $8,145
- Insurance Expenses
- $2,400
- Water/Sewer/Garbage Expenses
- $625
- Gross Rent Multiplier
- 10.3
- Total Expenses
- $21,882
- Cap Rate
- 7.6
- Total Number of Units
- 4
- Unit Name
- 11213
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1945
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet
- Electric Expenses
- 448
- Other Expenses
- 10524
- Energy Source
- Electric
- School District
- Lakewood
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $8,145
- Gross Scheduled Income
- $101,892
- Gross Adjusted Income
- $101,892
- Tax Year
- 2025
- Insurance Expense
- $2,400
- W/S/G Expenses
- $625
- Total Expenses
- $21,882
- Net Operating Income
- $80,005
- Gross Rent Multiplier
- 10.3
- Cap Rate
- 7.6
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.