14514 Portland Avenue SW
Lakewood, WA 98498
2032 sqft | 0.25 acres | #2348546
Description
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.
Property Details
- Lot DescriptionCurbs, Paved, Sidewalk, Value In Land
- Exterior FeaturesFenced-Fully, Outbuildings, RV Parking
- InteriorWall to Wall Carpet
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Elementary SchoolBuyer To Verify
- Middle SchoolBuyer To Verify
- High SchoolBuyer To Verify
- Date ListedMarch 23, 2025
- Exterior MaterialsWood Products
- SubdivisionAmerican Lake
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- ViewTerritorial
- Style54 - 4-Plex
- Structure TypeQuadruplex
- School DistrictLakewood
- Original List Price$649,950
- MLS #2348546
- MLS #2348546
- Acres0.2527
- Utility SourcePublic
- CountyPierce
- Taxes Annual$5,188
- Cost649950
- Square Feet2032
- Year Built1935
- Property ConditionGood
- Stories2
- Days on Market (Cumulative)9
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-03-25 00:49:10. 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.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Dan Dodge (#NWM16253)
Listing Office: All Real Estate Solution (#NWM9621)
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