11002 Idlewild Road Sw, Lakewood, WA 98498

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: matt harber
Office: keller williams rty tacoma253-460-8640
MLS#:2535832
Source:NWMLS
11002 Idlewild Road Sw,Lakewood, WA 98498
$2,100,000
  • - Beds
  • - Baths
  • 6,240 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$336.54

About this home

Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property...

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Home facts

  • Year built:1955
  • Subdivision & Development:Lakewood
  • Listing ID #:2535832
  • Updated:November 13, 2026 at 01:43 PM

Rooms and interior

  • Flooring:Laminate, Vinyl Floor, Vinyl Plank
  • Living area:6,240 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Metal
  • Year built:1955
  • Building area:6,240 sq. ft.
  • Lot area:1.33 Acres
  • Lot Features:Curbed Lot, Dead-end Street, Paved
  • Construction Materials:Cement/Concrete Exterior Finish, Stucco Exterior Finish, Wood Exterior Finish
  • Exterior Features:Fenced-Partially, Patio

Schools

  • High school:Clover Park High
  • Middle school:Mann Mid
  • Elementary school:Idlewild Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$336.54
  • Tax amount:$16,508 (2025)

Parking

  • Total parking spaces:18
  • Carport spaces:6
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