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Lakewood, WA, 98498 • Tillicum • Pierce County
$242/sqft
3Beds
2Baths
1,548Sqft
0.14 acLot
1947Built
Territorial Views
Territorial
Character Home
Built 1947 · 79 years of history
American Lake
Tillicum
Outdoor Living
Hardwood
Hardwood Floors
Quality flooring throughout
This home is in high demand
Listed 395 days ago · 6 views · Top 1% likely to sell soon
Demand and pricing signals for this listing
6 views
People checking out this listing
395 days on market
Established listing
$242/sqft
Price per square foot
This home ranks in the top 1% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1947
Opportunity is knocking with this fully rented duplex boasting an impressive 8% cap rate and room for future expansion. Perfectly situated just half a mile from the picturesque shores of American Lake, near JBLM, Harry Todd Park, and minutes from I-5, this corner-lot property offers a newer roof and a fully fenced yard. Inside, the main unit features 3 bedrooms plus a bonus room and 1 bath, while the second unit provides a cozy 1 bedroom and 1 bath. Whether you’re a seasoned investor or just starting to build your portfolio, this cash-flowing gem pairs convenience with unlimited potential. Don’t let this incredible opportunity pass you by—schedule your showing today!
Standout features identified
Our analysis highlights fully fenced yard and newer roof as key attractions of this home.
Based on current rates
Est. 6.18% rate · 30yr fixed · $300,000 loan
Full calculator →Key facts and listing details
8 categories of property features
Market data and value estimates
3 schools rated nearby
Lakewood, WA, 98498
15 events
13 years of records
Local context around this listing
Lakewood, WA • Pierce County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 07:38:28 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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