9315 Veterans Drive SW, Lakewood, WA 98498

$559,000
1,900
SqFt

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Listing courtesy of NWC-KV LLC.

List Price
$559,000
Status
ACTIVE
MLS#
2563414
Days on Market
0
Style
54 - 4-Plex
Finished SqFt
1,900
Area Total SqFt
1900
Annual Tax Ammount
6059
Lot Size (sq ft)
17,000
Sewer
Sewer Connected

Property Description

Exceptional investment and future development opportunity in a prime Lakewood location. Situated on 0.39 acres across from American Lake Park and the public boat launch, this property features two duplexes comprised of four one-bedroom, one-bath units. Two units enjoy peekaboo views of American Lake, while the generous lot provides abundant parking, or boat / trailer storage. With strong rental appeal, a highly desirable recreational setting, and potential for future redevelopment (buyer to verify), this property offers a unique combination of current cash flow and long-term upside. Conveniently located near JBLM, shopping, dining, Laundromat and major commuter routes, this is a rare opportunity to own a multifamily asset in one of Lakewood’s most sought-after locations. M2M Renter in Unit C would like to renew his Lease.

Additional Information

List Date
2026-08-01 21:28:12
Community
American Lake
Gross Scheduled Income
$1,200
Total Monthly Income
$1,200
Insurance Expenses
$3,000
Water/Sewer/Garbage Expenses
$1,200
Total Expenses
$10,259
Vacancy Rate
75
Total Number of Units
4
Unit Name
9315
Potential Terms
Cash, Conventional, VA Loan
Year Built
1924
Roof
Composition
Energy Source
Electric
School District
Clover Park
Total Monthly Income
$1,200
Gross Scheduled Income
$1,200
Vacancy Rate
75
Tax Year
2026
Insurance Expense
$3,000
W/S/G Expenses
$1,200
Total Expenses
$10,259
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.
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