8412-8414 Lawndale Avenue Southwest

Lakewood, WA 98498

$499,950
Price
3
Beds
2
Baths
1,386 Sq. Ft.
$361 / Sq. Ft.
1,386
Sq. Ft.
$361
per Sq. Ft.

Description

Exceptional Investment Opportunity with Significant Value-Add Potential. Unlock the full potential of this high-potential property! Located in a prime area, this investment offers immediate upside with value-add opportunities. Whether through strategic renovations, operational improvements, or repositioning, the property is primed for substantial returns. Roof was replaced a few years ago. Act quick on this amazing, yet practical investment. Must SEE!!!Exceptional Investment Opportunity with Significant Value-Add Potential. Unlock the full potential of this high-potential property! Located in a prime area, this investment offers immediate upside with value-add opportunities. Whether through strategic renovations, operational improvements, or repositioning, the property is primed for substantial returns. Roof was replaced a few years ago. Act quick on this amazing, yet practical investment. Must SEE!!!

Listing Agent

  1. Kenneth Patton

    Kenneth Patton

    Listing Agent

    Compass

    kenny.patton@compass.com

    P: (425)-894-8974

Property Details for 8412-8414 Lawndale Avenue Southwest

Community Name
Lakewood
School District
Clover Park
Number of Assigned Spaces
4
Total Covered Parking
2
Entry Date
12-11-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/11/2024 09:32 AM

Property Details for 8412-8414 Lawndale Avenue Southwest

StatusActive
MLS #2313870
Days on Market6
Cumulative Days on Market6
Taxes$4,290 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.17 AC / 7,320 SF
CountyPierce County
Buyer's Agent Compensation2%

Building Information for 8412-8414 Lawndale Avenue Southwest

Stories1Residences2Year Built1950Building Size-Lot Size0.17 AC / 7,320 SF

Property Information for 8412-8414 Lawndale Avenue Southwest

Summary
Location and General Information
  • Style: 52 - Duplex
  • Area: 38 - Lakewood
  • Effective Year Built Source: Public Records
  • Directions: From Veterans DR & Grvlly Lk, W on Veterans, right on 83rd AV S, L on Lawndale. Frm Washington & Gravelly Lake, W on Washington, L on 83rd AV SW then R on Lawndale.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
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
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5850
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • MLS Square Footage Source: realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1950
  • Photos Count: 7
Lot Information
  • Lot Size Source: realist
  • Parcel Number Free Text: 500500-606-2
  • Building Condition: Fair
  • Calculated Square Footage: 1386
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1386.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 10942
  • Gross Adjusted Income: 26100
  • Gross Rent Multiplier: 19.15
  • Gross Scheduled Income: $26,100
  • Insurance Expense: $802
  • Net Operating Income: $15,158
  • Other Expenses: $0
  • Total Monthly Income: 2175
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 8412
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Rent Unit 1: $1,075.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 8414
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Rent Unit 2: $1,100.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1386.0
  • Leasable Area Units: Square Feet

Property History for 8412-8414 Lawndale Avenue Southwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8412-8414 Lawndale Avenue Southwest

Taxable ValueLand$189,900Additions$177,700Total$367,600
Tax Record2023$4,038 ($337 / month)
Home Facts
Total Finished SqFt1,386 SqFtAbove Ground SqFt1,386 SqFtStories1Lot Size7,320 SqFtStyleDuplexYear Built1950Year Renovated1973ZoningR4CountyPIERCEAPN5005006062

Schools near 8412-8414 Lawndale 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 - 9 to 12
Rating
School
Distance
Lake Louise Elementary School
PublicPK to 5

Woodbrook Middle School
Public6 to 8

Lakes High School
Public9 to 12

Re-Entry High School
Public9 to 12

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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8412-8414 Lawndale Avenue Southwest is a multi-family home for sale in Lakewood, WA 98498. This property was listed for sale on December 11, 2024 by Compass, it's currently listed at $499,950. This listing's school district is Clover Park School District. Nearby schools include Lake Louise Elementary School, Woodbrook Middle School and Lakes High School. 8412-8414 Lawndale Avenue Southwest is a 3-bed, 2-bath, 1,386 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.