Bought with: Inspire Realty
$565,000
$599,950
5.8%For more information regarding the value of a property, please contact us for a free consultation.
14514 Portland AVE SW Lakewood, WA 98498
4 Beds
4 Baths
2,032 SqFt
Key Details
Sold Price $565,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,032 sqft
Price per Sqft $278
Subdivision American Lake
MLS Listing ID 2496939
Sold Date 04/29/26
Style 54 - 4-Plex
Bedrooms 4
Year Built 1935
Annual Tax Amount $5,188
Lot Size 0.253 Acres
Property Sub-Type Multi Family
Property Description
Excellent cash flow investment with 4 1-bedroom units leased at $975 each per month. Two units up and two units down. Large 11,000 plus square foot fenced lot. City of Lakewood says it will support another 4-plex that can be built for additional cash flow (buyer to verify). Portland Avenue was repaved with curbs, gutters, sidewalks, and bike lane plus sewer installation. Convenient location near Harry Todd Park and American Lake. Easy access to JBLM, Madigan Hospital, and I-5 either North or South. Price reduced for quick sale. Great value for a 4-unit building as most are sold for $100s of thousands more.
Location
State WA
County Pierce
Area 41 - Lakewood/Tillicum
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Amenities Available Fenced-Fully, Outbuildings, RV Parking
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.