Sold299d on market
14402 Washington Avenue SW
Lakewood, WA, 98498 • Tillicum • Pierce County
$1,500,000
$188/sqft
7,983Sqft
0.99 acLot
1942Built
Property DNA
Character Home
Built 1942 · 84 years of history
Tillicum
Tillicum
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
299 days on market
Established listing
$188/sqft
Price per square foot
About this home
Multi Family · Built 1942
Wonderland is a rare value-add property on a large corner lot, ideally located near JBLM, Boeing, and UW Tacoma - without Tacoma's rental restrictions. This diverse asset includes a renovated fourplex, two single-family homes, and two duplex-style cottages with classic interiors ready for modernization and rent increases. A 1,200 SF storage unit offers conversion potential into an additional 3-bed/2-bath or two smaller units. Six garages provide extra income opportunities at $100+ per month each. With historically high occupancy, low turnover, and no delinquency, Wonderland presents a strong investment with significant upside potential.
Standout features identified
Our analysis highlights two single-family homes, renovated fourplex, and corner lot as key attractions of this home.
Estimated monthly payment
Based on current rates
$9,340/month
Principal & Interest$7,340
Property Tax$1,500
Insurance$500
Down payment20% ($300,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,200,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1942
HeatingForced Air, Natural Gas
CoolingNone
Parking6 Covered Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1942
Systems
HeatingForced Air, Natural Gas
CoolingNone
RoofComposition
ConstructionCement/Concrete, Cement Planked, Cement Plank
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingOpen
Lot0.99 Acres
Location & Tax
NeighborhoodTillicum
Annual tax$14,528
Parcel2200002400
Features & details
6 categories of property features
Interior Features
Flooring
Vinyl Plank
Carpet
Heating
Forced Air
Natural Gas
Cooling
None
Exterior Features
Parking
Open
Construction
Cement/Concrete
Cement Planked
Cement Plank
Lot Features
Paved
Secluded
Sidewalk
Listing insights
Market data and value estimates
StatusSold
Days on market299
Est. rent$1,793/mo
Tax rate0.88%
Price/sqft$188
On marketApr 25, 2025
PostedFeb 22, 2025
Last sold$1,500,000
MLS statusSold
MLS updatedJul 12, 2025
Tour days6
Views4
How are the schools in Lakewood?
3 schools rated nearby
Location
Lakewood, WA, 98498
Price history
15 events
DateEventPrice$/sqftSource
Jun 19, 2025Pending Sale$1,800,000$225NWMLS as distributed by MLS GRID
Jun 11, 2025Sold$1,500,000$188NWMLS as distributed by MLS GRID
Mar 6, 2025Listing Removed$1,600—Zillow Rentals
Feb 27, 2025Price Change$1,600—Zillow Rentals
Feb 22, 2025Listed For Sale$1,800,000$225NWMLS as distributed by MLS GRID
Nov 22, 2024Listed For Rent$1,550—Zillow Rentals
Sep 25, 2024Listing Removed$1,550—Zillow Rentals
Aug 27, 2024Price Change$1,550—Zillow Rentals
Aug 1, 2024Listed For Rent$1,600—Zillow Rentals
Jun 5, 2024Listing Removed——Zillow Rentals
May 24, 2024Price Change$1,500—Zillow Rentals
May 6, 2024Listed For Rent$1,850—Zillow Rentals
Jan 27, 2018Listing Removed$1,600—Meadowbrook Apartments
Jan 16, 2018Listed For Rent$1,600—Meadowbrook Apartments
Nov 30, 2005Sold$500,000$63NWMLS as distributed by MLS GRID
Pending Sale$1,800,000
Jun 19, 2025•$225/sqft•NWMLS as distributed by MLS GRID
Sold$1,500,000
Jun 11, 2025•$188/sqft•NWMLS as distributed by MLS GRID
Listing Removed$1,600
Mar 6, 20250•Zillow Rentals
Price Change$1,600
Feb 27, 20250•Zillow Rentals
Listed For Sale$1,800,000
Feb 22, 2025•$225/sqft•NWMLS as distributed by MLS GRID
Listed For Rent$1,550
Nov 22, 20240•Zillow Rentals
Listing Removed$1,550
Sep 25, 20240•Zillow Rentals
Price Change$1,550
Aug 27, 20240•Zillow Rentals
Listed For Rent$1,600
Aug 1, 20240•Zillow Rentals
Listing Removed—
Jun 5, 2024•Zillow Rentals
Price Change$1,500
May 24, 20240•Zillow Rentals
Listed For Rent$1,850
May 6, 20240•Zillow Rentals
Listing Removed$1,600
Jan 27, 20180•Meadowbrook Apartments
Listed For Rent$1,600
Jan 16, 20180•Meadowbrook Apartments
Sold$500,000
Nov 30, 2005•$63/sqft•NWMLS as distributed by MLS GRID
Tax history
13 years of records
YearTax paidAssessed value
Apr 7, 2024$16,683$1,318,700
Apr 7, 2023$14,528$1,318,700
Apr 7, 2022$13,147$1,241,200
Apr 7, 2021$12,908$1,078,600
Apr 7, 2019$8,886$859,600
Apr 7, 2018$9,399$716,300
Apr 7, 2017$8,590$622,900
Apr 7, 2016$8,090$496,700
Apr 7, 2014$8,090$496,700
Apr 7, 2013$7,900$496,700
Apr 7, 2012—$489,700
Apr 7, 2011—$489,700
Apr 7, 2010—$500,800
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 05:48:26 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