8303 John Dower Road

Lakewood, WA 98499

About this property

**ALERT** Investment Opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets. All kitchen appliances stay, washer/dryer hook ups in all units!

About this property

**ALERT** Investment Opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets. All kitchen appliances stay, washer/dryer hook ups in all units!

Features and Additional Information

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$2,137,500 Active
6,066 sqft

Presented By Coldwell Banker 360 Team

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Area Information

37 Lakewood | Pierce County | Lakewood

$ 2,137,500
This listing is play_arrow 323.3% higher than the average in the area
$ 504,975 in the area
6,066 SqFt
This listing is play_arrow 240.0% larger than the average in the area
1,784 SqFt in the area
$ 352 $/SqFt
This listing is play_arrow 24.4% more than the average in the area
$ 283 $/SqFt in the area
119 days on site
This listing is play_arrow 24.6% above the average in the area
96 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
    Buyer To Verify
  • turned_in
    Middle School
    Lakewood Mid
  • turned_in
    High School
    Lakewood High
Listed By Tamara Paul
Brokerage: RE/MAX Northwest

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