9227 North Lake Drive Southwest

Lakewood, WA 98498

$1,450,000
Price
10
Beds
8
Baths
4,870 Sq. Ft.
$298 / Sq. Ft.
4,870
Sq. Ft.
$298
per Sq. Ft.
a view of a house with a backyard porch and sitting area
a view of a house with a backyard porch and sitting area
a view of a house with a yard porch and sitting area
a view of a house with a yard and potted plants
an empty room with wooden floor and windows
a view interior of a house and empty room
a view of an empty room with a window and wooden floor
a kitchen with stainless steel appliances wooden floors and white cabinets
a view of kitchen and hallway with wooden floor
a kitchen with stainless steel appliances granite countertop a refrigerator stove and sink
a kitchen with stainless steel appliances a stove top oven a sink and dishwasher
a kitchen with stainless steel appliances granite countertop wooden cabinets a sink and a stove
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a view of an empty room
wooden floor in an empty room
a view of an empty room with wooden floor and a window
a bathroom with a toilet sink and mirror
a bathroom with a sink and a mirror
a bathroom with a sink a toilet and shower
a view of ocean view
a view of a lake view
a view of an ocean beach
Listing provided courtesy of HomeSmart Real Estate Assoc

Description

Rare opportunity to own this well-maintained, classic brick 8-unit apartment building, conveniently located on a quiet street just 2-blocks away from American Lake Park and lake access! An ideal investment in an ideal location! New restaurants, local pub, gourmet coffee stand, corner grocery stores, new laundromat & Route #214 bus stop are just steps away! Minutes from VA hospital, American Lake Golf Course & close to I-5, Lakewood Town Center, JBLM & Fort Steilacoom Park. There are (2) two-bdrm...Rare opportunity to own this well-maintained, classic brick 8-unit apartment building, conveniently located on a quiet street just 2-blocks away from American Lake Park and lake access! An ideal investment in an ideal location! New restaurants, local pub, gourmet coffee stand, corner grocery stores, new laundromat & Route #214 bus stop are just steps away! Minutes from VA hospital, American Lake Golf Course & close to I-5, Lakewood Town Center, JBLM & Fort Steilacoom Park. There are (2) two-bdrm units & (6) one-bdrm units. Rents are below market rates & there is much room for increases! All units have updated kitchens w/gas ranges & quartz counters, tiled bathrooms, new hot water tanks & updated electrical panels. New roof installed in 2024
  1. Listed by Brandon M Cline • HomeSmart Real Estate Assoc

Property Details for 9227 North Lake Drive Southwest

Community Name
American Lake
School District
Clover Park
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
11-06-2024
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 12/16/2024 03:50 PM

Property Details for 9227 North Lake Drive Southwest

StatusActive
MLS #2308006
Days on Market50
Cumulative Days on Market50
Taxes$7,457 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.26 AC / 11,400 SF
CountyPierce County

Building Information for 9227 North Lake Drive Southwest

Stories1Residences8Year Built1956Building Size-Lot Size0.26 AC / 11,400 SF

Property Information for 9227 North Lake Drive Southwest

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet, Patio, Shop
  • Area: 38 - Lakewood
  • Elementary School: Lake Louise Elem
  • Middle Or Junior School: Woodbrook Mid
  • High School: Lakes High
  • Effective Year Built Source: Public Records
  • Directions: GPS
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • 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
  • Floor Covering: Ceramic Tile, Laminate, Vinyl Plank
  • Features: Ceramic Tile, Laminate Hardwood
  • Amenities: Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 10360
  • Power Company: Puget Sound Energy
  • Sewer Company: Pierce County Sewer District
  • Water Company: Lakewood Water District
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Block
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1956
  • Photos Count: 22
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 6385000020
  • Building Condition: Very Good
  • Calculated Square Footage: 4870
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4870.0
  • 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: 8
  • Number of Stories in Building: 1
  • Vacancy Rate: 5
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $2,000
  • Total Expenses: 21400
  • Gross Adjusted Income: 96900
  • Gross Rent Multiplier: 14.22
  • Gross Scheduled Income: $102,000
  • Insurance Expense: $1,412
  • Net Operating Income: $80,600
  • Other Expenses: $171
  • Total Monthly Income: 8400
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 480
  • Rent Unit 1: $1,150.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 480
  • Rent Unit 2: $950.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 480
  • Rent Unit 3: $1,050.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 600
  • Rent Unit 4: $1,350.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 600
  • Rent Unit 5: $950.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 480
  • Rent Unit 6: $950.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 480
  • Rent Unit 7: $1,050.00
  • Bedrooms Unit 7: 1
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 480
  • Rent Unit 8: $950.00
  • Bedrooms Unit 8: 1
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4870.0
  • Leasable Area Units: Square Feet

Property History for 9227 North Lake Drive 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 9227 North Lake Drive Southwest

Taxable ValueLand$515,200Additions$170,400Total$685,600
Tax Record2024$7,457 ($621 / month)
Home Facts
Total Finished SqFt4,870 SqFtAbove Ground SqFt4,870 SqFtStories1Lot Size11,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1956Year Renovated1972ZoningMR2CountyPIERCEAPN6385000020

Schools near 9227 North Lake Drive Southwest

This home is within Clover Park School District.
Rating
School
Type
Grades
Distance
Lake Louise Elementary School
Public - PK to 5
Woodbrook Middle School
Public - 6 to 8
Lakes High School
Public - 9 to 12
Re-Entry High School
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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More information about 9227 North Lake Drive Southwest, Lakewood, WA 98498

9227 North Lake Drive Southwest is a multi-family home for sale in Lakewood, WA 98498. This property was listed for sale on November 6, 2024 by HomeSmart Real Estate Assoc, it's currently listed at $1,450,000. It has been on the market for a total of 50 days and was last sold on March 7, 2011. This listing's school district is Clover Park School District. Nearby schools include Lake Louise Elementary School, Woodbrook Middle School and Lakes High School. 9227 North Lake Drive Southwest is a 10-bed, 8-bath, 4,870 sqft multi-family home built in 1956.

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 HomeSmart Real Estate Assoc

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.