14312 Thorne Lane SW Unit #15, Lakewood, WA 98498
- $2,100,000
- 7,716
- SqFt
Listing courtesy of Keller Williams Realty PS. Selling Office: Timber Real Estate.
- Sold Price
- $2,100,000
- List Price
- $2,725,000
- Status
- SOLD
- MLS#
- 2498457
- Closing Date
- May 12, 2026
- Days on Market
- 197
- Style
- 55 - 5-9 Units
- Finished SqFt
- 7,716
- Area Total SqFt
- 7716
- Annual Tax Ammount
- 21758
- Lot Size (sq ft)
- 17,860
- Sewer
- Septic Tank
Property Description
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!
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Additional Information
- List Date
- 2025-10-27 00:00:00
- Community
- American Lake
- Net Operating Income
- $152,962
- Gross Adjusted Income
- $187,901
- Gross Scheduled Income
- $204,240
- Total Monthly Income
- $16,985
- Insurance Expenses
- $12,922
- Water/Sewer/Garbage Expenses
- $11,848
- Gross Rent Multiplier
- 14
- Total Expenses
- $51,278
- Cap Rate
- 5.2
- Vacancy Rate
- 8
- Total Number of Units
- 6
- Unit Name
- 14312
- Potential Terms
- Cash, Conventional
- Year Built
- 1999
- Waterfront
- Yes
- View
- Lake
- Roof
- Composition
- Site Features
- Boat House, Dock, Fenced-Partially, Gas Available, Outbuildings, Patio
- Electric Expenses
- 2734
- Other Expenses
- 2016
- Energy Source
- Electric, Natural Gas
- School District
- Lakewood
- Total Monthly Income
- $16,985
- Gross Scheduled Income
- $204,240
- Vacancy Rate
- 8
- Gross Adjusted Income
- $187,901
- Tax Year
- 2025
- Insurance Expense
- $12,922
- W/S/G Expenses
- $11,848
- Total Expenses
- $51,278
- Net Operating Income
- $152,962
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.2
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.