Pending13d on marketHistoric · 91 yrs
14514 Portland Avenue SW
Lakewood, WA, 98498 • Tillicum • Pierce County
$599,950
$295/sqft
Down payment assistance available
4Beds
4Baths
2,032Sqft
0.25 acLot
1935Built
Property DNA
Territorial Views
Territorial
4-Plex Style
Built 1935 · 91 years of history
American Lake
Tillicum
Market activity
Demand and pricing signals for this listing
92 views
People checking out this listing
3 saves
Buyers have saved this home
13 days on market
Recently listed
$295/sqft
Price per square foot
About this home
Multi Family · Built 1935 · Historic
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.
Estimated monthly payment
Based on current rates
$3,720/month
Principal & Interest$2,920
Property Tax$600
Insurance$200
Down payment20% ($119,990)
3%50%
Est. 6.14% rate · 30yr fixed · $479,960 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1935
HeatingBaseboard, Electric
CoolingNone
ParkingRV Parking
Days on Zillow13 Days
Price/sqft$295
Offer Review Date2026-03-31
Property
Home typeMulti Family
Sub-typeMulti Family
Style4-Plex
ConditionGood
Year built1935
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Products
Water / SewerPublic, Company: Lakewood / Sewer Connected, Company: Pierce County
Parking & Outdoor
ParkingRV Parking
Lot0.25 Acres
Location & Tax
NeighborhoodTillicum
Annual tax$5,188
Parcel2200003263
Features & details
9 categories of property features
Interior Features
Flooring
Vinyl
Carpet
Heating
Baseboard
Electric
Cooling
None
Windows
Thermal Windows
Green/Energy
Thermal Windows
Exterior Features
Parking
RV Parking
Construction
Wood Products
Lot Features
Curbs
Paved
Sidewalk
Value In Land
Fenced-Fully
Outbuildings
RV Parking
Views
Territorial
Listing insights
Market data and value estimates
StatusPending
Days on market13
Est. rent$2,267/mo
Tax rate0.88%
Price/sqft$295
On marketMar 24, 2026
PostedMar 24, 2026
Last sold$125,000
MLS statusPending
MLS updatedMar 25, 2026
Tour days6
Views92
Favorites3
How are the schools in Lakewood?
3 schools rated nearby
Location
Lakewood, WA, 98498
Price history
5 events
DateEventPrice$/sqftSource
Mar 24, 2026Pending Sale$599,950$295NWMLS as distributed by MLS GRID
Mar 24, 2026Listed For Sale$599,950$295NWMLS as distributed by MLS GRID
Jul 16, 2003Sold$125,000$62Public Record
Feb 14, 2003Sold$137,175$68Public Record
Dec 20, 2001Sold$148,000$73Public Record
Pending Sale$599,950
Mar 24, 2026•$295/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$599,950
Mar 24, 2026•$295/sqft•NWMLS as distributed by MLS GRID
Sold$125,000
Jul 16, 2003•$62/sqft•Public Record
Sold$137,175
Feb 14, 2003•$68/sqft•Public Record
Sold$148,000
Dec 20, 2001•$73/sqft•Public Record
Tax history
19 years of records
YearTax paidAssessed value
Apr 7, 2024$5,188$457,100
Apr 7, 2023$4,664$431,100
Apr 7, 2022$4,500$434,200
Apr 7, 2021$4,287$365,700
Apr 7, 2019$2,610$224,700
Apr 7, 2018$2,589$215,200
Apr 7, 2017$2,454$176,300
Apr 7, 2016$2,047$146,900
Apr 7, 2014$2,047$129,600
Apr 7, 2013$2,123$124,800
Apr 7, 2012—$136,000
Apr 7, 2011—$156,700
Apr 7, 2010—$171,500
Apr 7, 2009—$192,200
Apr 7, 2008$2,593$216,600
Apr 7, 2007$2,593$217,000
Apr 7, 2002$567$104,900
Apr 7, 2001$614$35,800
Apr 7, 2000$1,683$99,200
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 12:08:39 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