8303 John Dower Road SW, Lakewood, WA 98499
- $2,137,500
- 6,066
- SqFt
Listing courtesy of RE/MAX Northwest.
- List Price
- $2,137,500
- Status
- ACTIVE
- MLS#
- 2555633
- Days on Market
- 52
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,066
- Area Total SqFt
- 6066
- Annual Tax Ammount
- 12656
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 27,000
- Sewer
- Sewer Connected
Property Description
**ALERT** Investment Opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets. All kitchen appliances stay, washer/dryer hook ups in all units!
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Additional Information
- List Date
- 2026-06-04 19:17:20
- Community
- Lakewood
- Net Operating Income
- $86,272
- Gross Adjusted Income
- $130,370
- Gross Scheduled Income
- $130,370
- Total Monthly Income
- $10,910
- Insurance Expenses
- $2,976
- Water/Sewer/Garbage Expenses
- $16,500
- Total Expenses
- $32,132
- Total Number of Units
- 6
- Unit Name
- 8303
- Potential Terms
- Cash, Conventional
- Year Built
- 1962
- View
- Territorial
- Roof
- Composition
- Energy Source
- Electric
- School District
- Lakewood
- Elementary School
- Buyer To Verify
- Middle School
- Lakewood Mid
- High School
- Lakewood High
- Total Monthly Income
- $10,910
- Gross Scheduled Income
- $130,370
- Gross Adjusted Income
- $130,370
- Tax Year
- 2026
- Insurance Expense
- $2,976
- W/S/G Expenses
- $16,500
- Total Expenses
- $32,132
- Net Operating Income
- $86,272
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.