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Listed by:COMPASS • Jim Swanson

$599,900

Est. payment - /mo

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4 Beds

2 Baths

2,365 SqFt

New

8601 8603 Maple ST SW Lakewood, WA 98498

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Aaron Miriello

aaron@primenorthwesthomes.com +1(206) 999-8875

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,365 sqft

Price per Sqft $253

Subdivision Tillicum

MLS Listing ID 2544520

Style 52 - Duplex

Bedrooms 4

Year Built 1922

Annual Tax Amount $5,011

Lot Size 0.312 Acres

Property Sub-Type Multi Family

Property Description

Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, and vinyl flooring in the kitchen, bath, and laundry areas. The lower unit also offers 2 bedrooms and 1 bath with laminate and vinyl flooring throughout. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill and passed through to tenants along with utilities. The furnace and water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential and may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

Location

State WA

County Pierce

Area 41 - Lakewood/Tillicum

Interior

Flooring Laminate, Softwood, Vinyl

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Amenities Available Cable TV, Fenced-Partially, Gas Available, High Speed Internet

View Y/N No

Roof Type Composition

Building

Lot Description Corner Lot, Paved, Sidewalk

Sewer Septic Tank

Water Public

New Construction No

Schools

School District Clover Park

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.