8314 Spruce Street SW
Lakewood, WA 98498
4551 sqft | 0.53 acres | #2352914
Description
Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
Property Details
- Exterior FeaturesCable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking, Sprinkler System
- Lot DescriptionCorner Lot, Dead End Street, Paved, Sidewalk
- InteriorCeramic Tile, Wall to Wall Carpet
- High SchoolClover Park High
- Sewer InformationSewer Connected
- Date ListedMarch 31, 2025
- Elementary SchoolTillicum Elem
- Middle SchoolWoodbrook Mid
- Property TypeMulti-Family
- FoundationBlock, Slab
- Property SubtypeMulti-Family
- ViewTerritorial
- Style52 - Duplex
- School DistrictClover Park
- Original List Price$1,150,000
- SubdivisionTillicum
- Taxes Annual$10,667
- MLS #2352914
- Cost1150000
- MLS #2352914
- Utility SourcePublic
- CountyPierce
- Structure TypeDuplex
- Exterior MaterialsBrick
- Acres0.528
- Square Feet4551
- Year Built1952
- Stories2
- Days on Market (Cumulative)3
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 2025-04-01 18:13:10. 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.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Vikki Iverson (#NWM93621)
Listing Office: COMPASS (#NWM5813)
Interested in Purchasing 8314 Spruce Street SW?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
