$2,137,500
 $11,475 est/mo Sourced by Back At You

8303 John Dower Road,Lakewood, WA 98499

Lakewood, WA 98499

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Description

**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!

Details

MLS #2555633
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1962
Days On Site58
Listing Provided ByRE/MAX Northwest | Tamara Paul

Features

SQ Feet6,066
Story(s)1
Units6
ZoningMulti-Family
Acreage0.62
Property ViewYes

Taxes

Property12656

Area Information

StateWA
CountyPierce
CityLakewood
Zip Code98499
Area37 Lakewood
Community NameLakewood
School DistrictLakewood High
Elementary SchoolBuyer To Verify
High SchoolLakewood High
Listing VS Median (in Lakewood)
Price:
$2,137,500
low | high
Med:
$565,000
100% of Average
sqft:
6,066
low | high
Med:
1,814
100% of Average
$ / sqft:
$352
low | high
Med:
$342
52.803470875767% of Average
On site:
58
low | high
Med:
92.5
62.702702702703% of Average
Sourced by Back At You

Market Activity 98499

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Based on information submitted to the MLS GRID as of September 11, 2026 at 8:30:37 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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Learn More About This Property

StateWA
CountyPierce
CityLakewood
Zip Code98499
Area37 Lakewood
Community NameLakewood
School DistrictLakewood High
Elementary SchoolBuyer To Verify
High SchoolLakewood High
Listing VS Median (in Lakewood)
Price:
$2,137,500
low | high
Med:
$565,000
100% of Average
sqft:
6,066
low | high
Med:
1,814
100% of Average
$ / sqft:
$352
low | high
Med:
$342
52.803470875767% of Average
On site:
58
low | high
Med:
92.5
62.702702702703% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.63M - $2.671M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
6702 77th Street Property Photo 1
$1,100,000
6702 77th Street
Lakewood, WA 98499
6718 76th Street Property Photo 1
$1,690,000
6718 76th Street
Lakewood, WA 98499
Listing Updated: July 16, 2026 at 11:44:33 AM PDT