Sold395d on market
8602 Lake Street SW
Lakewood, WA, 98498 • Tillicum • Pierce County
$375,000
$242/sqft
3Beds
2Baths
1,548Sqft
0.14 acLot
1947Built
Property DNA
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
Market activity
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
Selling Soon Prediction
Very HighThis home ranks in the top 1% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
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.
Estimated monthly payment
Based on current rates
$2,334/month
Principal & Interest$1,834
Property Tax$375
Insurance$125
Down payment20% ($75,000)
3%50%
Est. 6.18% rate · 30yr fixed · $300,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1947
HeatingStove/Free Standing, Electric
CoolingNone
Parking2 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionGood
Year built1947
Systems
HeatingStove/Free Standing, Electric
CoolingNone
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic, Company: Lakewood Water / Septic Tank, Company: Septic
Parking & Outdoor
ParkingOpen
Lot6,037 sqft
Location & Tax
NeighborhoodTillicum
Annual tax$3,930
Parcel2200003560
Features & details
8 categories of property features
Interior Features
Flooring
Hardwood
Heating
Stove/Free Standing
Electric
Cooling
None
Exterior Features
Parking
Open
Construction
Wood Siding
Wood Products
Patio & Porch
Hardwood
Lot Features
Corner Lot
Curbs
Paved
Sidewalk
Cable TV
Deck
Fenced-Fully
Outbuildings
Patio
Views
Territorial
Listing insights
Market data and value estimates
StatusSold
Days on market395
Est. value$472,900
Est. rent$1,954/mo
Tax rate0.88%
Price/sqft$242
On marketOct 6, 2024
PostedJan 14, 2025
Last sold$375,000
MLS statusSold
MLS updatedApr 7, 2025
Tour days6
Views6
How are the schools in Lakewood?
3 schools rated nearby
Location
Lakewood, WA, 98498
Price history
15 events
DateEventPrice$/sqftSource
Mar 7, 2025Sold$375,000$242NWMLS as distributed by MLS GRID
Jan 27, 2025Pending Sale$399,500$258NWMLS as distributed by MLS GRID
Jan 14, 2025Listed For Sale$399,500$258NWMLS as distributed by MLS GRID
Dec 21, 2019Listing Removed$330,000$213Windermere Professional Partners
Sep 4, 2019Listed For Sale$330,000$213Windermere Professional Partners
Sep 12, 2017Listing Removed$230,000$149Local MLS
May 16, 2017Listed For Sale$230,000$149Better Properties Valley Assoc
May 9, 2017Pending Sale$230,000$149Better Properties Valley Assoc
May 3, 2017Listed For Sale$230,000$149Better Properties Valley Assoc
Mar 12, 2010Listing Removed$210,000$136Sound Realty Group
Dec 22, 2009Listed For Sale$210,000$136Sound Realty Group
Jul 23, 2009Listing Removed$224,999$145Skyline Properties, Inc. - Kent
May 13, 2009Listed For Sale$224,999$145Skyline Properties, Inc. - Kent
Dec 15, 2006Sold$180,000$116NWMLS as distributed by MLS GRID
Oct 15, 2004Sold$110,000$71NWMLS as distributed by MLS GRID
Sold$375,000
Mar 7, 2025•$242/sqft•NWMLS as distributed by MLS GRID
Pending Sale$399,500
Jan 27, 2025•$258/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$399,500
Jan 14, 2025•$258/sqft•NWMLS as distributed by MLS GRID
Listing Removed$330,000
Dec 21, 2019•$213/sqft•Windermere Professional Partners
Listed For Sale$330,000
Sep 4, 2019•$213/sqft•Windermere Professional Partners
Listing Removed$230,000
Sep 12, 2017•$149/sqft•Local MLS
Listed For Sale$230,000
May 16, 2017•$149/sqft•Better Properties Valley Assoc
Pending Sale$230,000
May 9, 2017•$149/sqft•Better Properties Valley Assoc
Listed For Sale$230,000
May 3, 2017•$149/sqft•Better Properties Valley Assoc
Listing Removed$210,000
Mar 12, 2010•$136/sqft•Sound Realty Group
Listed For Sale$210,000
Dec 22, 2009•$136/sqft•Sound Realty Group
Listing Removed$224,999
Jul 23, 2009•$145/sqft•Skyline Properties, Inc. - Kent
Listed For Sale$224,999
May 13, 2009•$145/sqft•Skyline Properties, Inc. - Kent
Sold$180,000
Dec 15, 2006•$116/sqft•NWMLS as distributed by MLS GRID
Sold$110,000
Oct 15, 2004•$71/sqft•NWMLS as distributed by MLS GRID
Tax history
13 years of records
YearTax paidAssessed value
Apr 7, 2024$4,354$401,200
Apr 7, 2023$3,930$357,300
Apr 7, 2022$3,774$358,000
Apr 7, 2021$3,690$309,700
Apr 7, 2019$2,461$207,900
Apr 7, 2018$2,467$199,200
Apr 7, 2017$2,186$163,300
Apr 7, 2016$1,835$125,300
Apr 7, 2014$1,835$111,700
Apr 7, 2013$1,713$107,600
Apr 7, 2012—$104,900
Apr 7, 2011—$121,200
Apr 7, 2010—$137,900
Nearby homes
Neighborhood details
Local context around this listing
Lakewood, WA • Pierce County
Nearby neighborhoods
Carter LakeCusterDowerIdlewildLake LouiseLakeviewOakbrookOakwoodPark LodgeTyee Park
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
98438984399849398496984979849898499
Similar homes
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)
No obligation · Same-day response