6801 -6803 Steilacoom Boulevard SW, Lakewood, WA 98499
- $620,000
- 1,548
- SqFt
Listing courtesy of AQUA Real Estate.
- List Price
- $620,000
- Status
- ACTIVE
- MLS#
- 2489355
- Price Change
- ▼ $10,000 1774950552
- Days on Market
- 138
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 1,548
- Area Total SqFt
- 1548
- Annual Tax Ammount
- 5382
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 9,882
- Sewer
- Available
Property Description
This recently updated duplex presents a strong opportunity for steady cash flow. Both 2 bed / 1 bath units feature modernized kitchens with newer appliances, quality fixtures, and quartz or granite countertops. Interiors include updated bathrooms, new flooring, and fresh paint throughout. The property sits on a large lot with fully fenced backyards, separated by a fence between the units for added privacy. It has been pre-inspected and is fully occupied with reliable tenants. Current rents are approximately 20% below market value, offering room for future increases. A detached two-car garage may provide additional rental income or potential conversion to another unit (buyer to verify),6 more parking spots in driveway. Conveniently located near the lake and many local amenities. Please do not disturb tenants.
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Additional Information
- List Date
- 2026-03-11 00:17:11
- Community
- Gravelly Lake
- Net Operating Income
- $30,855
- Gross Adjusted Income
- $37,800
- Gross Scheduled Income
- $42,000
- Total Monthly Income
- $3,500
- Insurance Expenses
- $1,563
- Gross Rent Multiplier
- 15
- Total Expenses
- $6,945
- Cap Rate
- 4.9
- Vacancy Rate
- 10
- Total Number of Units
- 2
- Unit Name
- 6801 -6803
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1951
- Roof
- Composition
- Site Features
- Fenced-Fully, High Speed Internet
- Energy Source
- Electric
- School District
- Clover Park
- Elementary School
- Custer Elem
- Middle School
- Lochburn Mid
- High School
- Clover Park High
- Total Monthly Income
- $3,500
- Gross Scheduled Income
- $42,000
- Vacancy Rate
- 10
- Gross Adjusted Income
- $37,800
- Tax Year
- 2025
- Insurance Expense
- $1,563
- Total Expenses
- $6,945
- Net Operating Income
- $30,855
- Gross Rent Multiplier
- 15
- Cap Rate
- 4.9
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.