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253-691-8561
Terrafin Real Estate
14514 Portland Avenue SW, Lakewood, WA 98498
- $565,000
- 2,032
- SqFt
Listing Broker: All Real Estate Solution; Dan Dodge; ; Selling Office: Inspire Realty.
- Sold Price
- $565,000
- List Price
- $599,950
- Status
- SOLD
- Closing Date
- Apr 29, 2026
- MLS#
- 2496939
- Subtype
- Residential Income
- Style
- 54 - 4-Plex
- Year Built
- 1935
- Living Area
- 2,032
- Lot Size
- 11,008
- Acres
- 0.25
- Subdivision
- American Lake
- Neighborhood
- American Lake
- MLS Area Major
- Lakewood/Tillicum
Property 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. Price reduced for quick sale. Great value for a 4-unit building as most are sold for $100s of thousands more.
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Additional Information
- Amenities
- Storage, Thermal Windows
- Exterior Features
- Wood Products
- Property Description
- 54 - 4-Plex
- Flooring
- Vinyl, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- Parking Features
- RV Parking
- School District
- Lakewood
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- View
- Territorial
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.