14514 Portland Avenue Sw, Lakewood, WA 98498

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate Macy & Co.
Listed by: dan dodge, marcia j bentz
Office: all real estate solution
MLS#:2496939
Source:NWMLS
14514 Portland Avenue Sw,Lakewood, WA 98498
$599,950
  • - Beds
  • - Baths
  • 2,032 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$599,950
  • Price per sq. ft.:$295.25

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1935
  • Listing ID #:2496939
  • Updated:March 26, 2026 at 07:43 PM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor
  • Living area:2,032 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1935
  • Building area:2,032 sq. ft.
  • Lot area:0.25 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk, Value In Land
  • Construction Materials:Wood Products Exterior Finish
  • Exterior Features:Fenced-Fully

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$599,950
  • Price per sq. ft.:$295.25
  • Tax amount:$5,188 (2025)

Parking

  • Parking description:RV Parking
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 26, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

New listings near 14514 Portland Avenue Sw