Listed by Inspire Realty
$830,000

7123 Foster St SW Unit A&B Lakewood, WA 98499

Central Lakes Neighborhood

Estimated payment $5,097/month

Total Views 3,276
4 Beds
2 Baths
2,404 Sq Ft
$345 Price per Sq Ft

Highlights

  • Lake Front
  • Wood Flooring
  • No HOA
  • Deck
  • Corner Lot
  • Patio

About This Home

Charming mid-century duplex perched above Lake Steilacoom with lake views from both units! Just 30 steps to a public waterboat launch, plus public fishing and swimming access—motorized boats allowed. Each 2 bed, 1 bath unit offers 1,202 sq ft, original hardwood floors, arched doorways, and a cozy brick exterior. Enjoy lake views from the upper unit's Trex deck or relax on the lower unit's large patio. Spacious kitchens, fireplaces, and shared laundry. Covered parking included. Located in a peaceful neighborhood near freeways, St. Clare Hospital, schools, shopping, and dining. City of Lakewood allows 1 additional unit to be built.

Listing Agent

Nam Kim

Inspire Realty License #21027179 Listed on: 06/26/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2391827

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,985

Year Built

  • Built in 1955

Lot Details

  • 6,250 Sq Ft Lot
  • Lake Front
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,404 Sq Ft Home
  • 2-Story Property
  • Lake Views

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Lake Steilacoom Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3085000420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,985

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1955
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2404
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 24

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Ceramic Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Brick
  • Exterior Features: Brick
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Duplex
  • WaterAccess: Non-Deeded Access

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 3240

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1680

Schools

  • Junior High Dist: Clover Park
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3085000420
  • Lot Size Acres: 0.1435
  • Lot Size Sq Ft: 6250
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 24.27
  • LeasedItems: None
  • TotalMonthlyIncome: 2850

Multi Family

  • Gross Scheduled Income: 34200
  • Net Operating Income: 16969
  • Number Of Units Total: 2
  • Electric Expense: 840
  • Insurance Expense: 5486
  • Leasable Area: 2404
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5985

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,508 $546,400 $268,600 $277,800
2024 $5,508 $556,200 $263,400 $292,800
2023 $5,508 $507,800 $234,400 $273,400
2022 $5,178 $531,900 $251,800 $280,100
2021 $5,031 $384,800 $157,300 $227,500
2019 $3,862 $351,600 $135,300 $216,300
2018 $4,232 $320,600 $115,700 $204,900
2017 $4,125 $285,600 $89,900 $195,700
2016 $3,481 $235,000 $64,900 $170,100
2014 $2,791 $218,100 $56,600 $161,500
2013 $2,791 $197,000 $45,800 $151,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $830,000 -- $345 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $755,000 Ticor Title
Warranty Deed $191,960 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $726,596 FHA
Previous Owner $148,500 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2391827

Northwest Multiple Listing Service (NWMLS)

APN: 308500-0420