8314 Spruce Street Sw, Lakewood, WA 98498

Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
#1#2#3
Listed by:vikki iverson
Office:compass
MLS#:2352914
Source:NWMLS
8314 Spruce Street Sw,Lakewood, WA 98498
$1,150,000
  • - Beds
  • - Baths
  • 4,551 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$252.69

About this home

Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.

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Home facts

  • Year built:1952
  • Listing Id #:2352914
  • Updated:August 08, 2025 at 12:17 AM

Rooms and interior

  • Living area:4,551 sq. ft.

Heating and cooling

  • Cooling:90%+ High Efficiency, Central A/C, High Efficiency (Unspecified)
  • Heating:Forced Air, Heat Pump, High Efficiency (Unspecified)

Structure and exterior

  • Roof:Composition, Torch Down
  • Year built:1952
  • Building area:4,551 sq. ft.
  • Lot area:0.53 Acres

Schools

  • High school:Clover Park High
  • Middle school:Woodbrook Mid
  • Elementary school:Tillicum Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$252.69
  • Tax amount:$10,667 (2025)
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