14514 Portland Ave SW
Lakewood, WA 98498
$649,950
Price
4
Beds
4
Baths
2,032 Sq. Ft.
$320 / Sq. Ft.
2,032
Sq. Ft.
$320
per Sq. Ft.
Listing provided courtesy of All Real Estate Solution
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.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.
- Listed by Dan Dodge • All Real Estate Solution
- Listed by Marcia J Bentz • All Real Estate Solution
Property Details for 14514 Portland Avenue Southwest
Community Name
American Lake
School DistrictLakewood
ViewTerritorial
Number of Assigned Spaces12
Total Covered Parking0
Offers Review Date03-31-2025
Entry Date03-23-2025
Energy SourceElectric
LISTING UPDATED: 03/24/2025 05:49 PM
Property Details for 14514 Portland Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 2348546 |
| Days on Market | 7 |
| Cumulative Days on Market | 7 |
| Taxes | $5,188 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1935 |
| Lot Size | 0.25 AC / 11,008 SF |
| County | Pierce County |
Building Information for 14514 Portland Avenue Southwest
Stories2Residences4Year Built1935Building Size-Lot Size0.25 AC / 11,008 SF
Property Information for 14514 Portland Avenue Southwest
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Fenced-Fully, Outbuildings, RV Parking
- Area: 41 - Lakewood/Tillicum
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: West on Berkley to Portland Avenue. Right on Portland to subject property on left side.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2025
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 12.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Amenities: Storage,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: Pierce County
- Water Company: Lakewood
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Remarks: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 1
Lot Information
- Lot Details: Curbs, Paved, Sidewalk, Value In Land
- Lot Size Source: Public Records
- Parcel Number Free Text: 2200003263
- Building Condition: Good
- Calculated Square Footage: 2032
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2032.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 12
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 5188
- Gross Adjusted Income: 44460
- Gross Rent Multiplier: 14.62
- Gross Scheduled Income: $46,800
- Insurance Expense: $0
- Net Operating Income: $0
- Other Expenses: $0
- Total Monthly Income: 3900
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Square Feet Unit 1: 500
- Rent Unit 1: $975.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Square Feet Unit 2: 500
- Rent Unit 2: $975.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Square Feet Unit 3: 500
- Rent Unit 3: $975.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: D
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Square Feet Unit 4: 500
- Rent Unit 4: $975.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2032.0
- Leasable Area Units: Square Feet
Property History for 14514 Portland Avenue Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 14514 Portland Avenue Southwest
Taxable ValueLand$171,000Additions$286,100Total$457,100
Tax Record2025$5,188 ($432 / month)
Home Facts
Total Finished SqFt2,032 SqFtAbove Ground SqFt1,016 SqFtFinished Basement SqFt1,016 SqFtStories1Lot Size11,008 SqFtStyleMulti-Family Res (5+ Units)Year Built1935Year Renovated1966ZoningMF2CountyPIERCEAPN2200003263
Schools near 14514 Portland Avenue Southwest
This home is within Clover Park School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Tillicum Elementary School PublicPK to 5 | ||
Woodbrook Middle School Public6 to 8 | ||
Clover Park High School Public9 to 12 | ||
Re-Entry Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of All Real Estate Solution
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/30/2025 08:57 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.
