$565,000
8804 Forest Rd SW, Lakewood, WA 98498
2 houses 1 lot! Investor alert! 8802 762 sq ft remodeled 2x1 vacant and 8804 674 sq ft 2x1 with tenants at ~$1500 a month. Fully permitted with two septic systems running like a spinning top. Located in the ever improving Tillicum, nestled gently between American Lake, Tacoma Country club, I5, and JBLM.
Matthew Linden Pellego, Inc.
$1,150,000
8314 Spruce St SW, Lakewood, WA 98498
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.
Vikki Iverson COMPASS
On average, homes in South Lakes, Lakewood sell after 47 days on the market compared to the national average of 51 days. The median sale price for homes in South Lakes, Lakewood over the last 12 months is $575,000, up 31% from the median home sale price over the previous 12 months.
In South Lakes, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $565,000 to $1,150,000, there's something for every budget. As of July, 2025 the median home price in South Lakes, Lakewood is $595,000, while the average sale price is $801,671, providing insight into local market trends. On average, multi-family homes spend 47 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in South Lakes, Lakewood.
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