9221 -9223 North Lake Drive SW, Lakewood, WA 98498
- $485,000
- 1,606
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: Premier Real Estate Partners.
- Sold Price
- $485,000
- List Price
- $475,000
- Status
- SOLD
- MLS#
- 2533899
- Closing Date
- Jul 24, 2026
- Days on Market
- 4
- Style
- 52 - Duplex
- Building Condition
- Restored
- Finished SqFt
- 1,606
- Area Total SqFt
- 1606
- Annual Tax Ammount
- 4648
- Lot Size (sq ft)
- 12,204
- Sewer
- Sewer Connected
Property Description
Exceptional investment opportunity featuring a well-maintained single-level duplex in a highly convenient commuter location near Joint Base Lewis-McChord, American Lake, shopping, dining, parks, and major freeway access. This income-producing property offers strong long-term potential with historically low vacancy rates and practical one-level living in both units. Each residence features updated flooring, in-unit washer and dryer, spacious layouts, and private fenced outdoor spaces ideal for added comfort and functionality. Generous parking setup includes covered carport spaces plus dedicated storage for each unit. Conveniently positioned near endless amenities and major employment hubs, this duplex presents an outstanding opportunity for investors or owner-occupants seeking versatility, location, and lasting value.
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Additional Information
- List Date
- 2026-07-20 00:00:00
- Community
- American Lake
- Net Operating Income
- $17,400
- Gross Adjusted Income
- $1,450
- Gross Scheduled Income
- $38,400
- Insurance Expenses
- $1,000
- Water/Sewer/Garbage Expenses
- $2,244
- Gross Rent Multiplier
- 12.36
- Total Expenses
- $7,892
- Cap Rate
- 59
- Vacancy Rate
- 50
- Total Number of Units
- 2
- Unit Name
- 9221 -9223
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1962
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially
- Energy Source
- Electric
- School District
- Clover Park
- Gross Scheduled Income
- $38,400
- Vacancy Rate
- 50
- Gross Adjusted Income
- $1,450
- Tax Year
- 2025
- Insurance Expense
- $1,000
- W/S/G Expenses
- $2,244
- Total Expenses
- $7,892
- Net Operating Income
- $17,400
- Gross Rent Multiplier
- 12.36
- Cap Rate
- 59
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.