Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 6% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.
Property Type(s):
Multi Family
|
Last Updated
|
6/23/2026
|
Tract
|
Lakeview
|
|
Year Built
|
1970
|
Community
|
Lakeview
|
|
Garage Spaces
|
2.0
|
County
|
Pierce
|
Additional Details
| AIR |
None |
| AREA |
37 - Lakewood |
| CONSTRUCTION |
Wood Siding |
| GARAGE |
Yes |
| HEAT |
Baseboard, Electric, Wall Furnace |
| LOT |
0.29 acre(s) |
| LOT DESCRIPTION |
Dead End Street, Paved |
| MLS STATUS |
Active |
| STORIES |
2 |
| STYLE |
52 - Duplex |
| SUBDIVISION |
Lakeview |
| TAXES |
5807 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
| ZONING |
Residential |
Location
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/24/26 7:29 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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This IDX solution is (c) Diverse Solutions 2026.
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