$599,900
 $3,220 est/mo Sourced by Back At You

8601 8603 Maple Street,Lakewood, WA 98498

Lakewood, WA 98498

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Description

Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, & vinyl flooring in the kitchen, bath, & laundry areas. The lower unit also offers 2 bedrooms & 1 bath with laminate and vinyl flooring throughout, & has new stove and dishwasher. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill & passed through to tenants along with utilities. The furnace & water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential & may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

Details

MLS #2544520
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1922
Days On Site96
Listing Provided ByCOMPASS | Jim Swanson

Features

SQ Feet2,365
Story(s)2
Units2
ZoningResidential
Acreage0.31

Taxes

Property5011

Area Information

StateWA
CountyPierce
CityLakewood
Zip Code98498
Area41 Lakewood | Tillicum
Community NameTillicum
Listing VS Median (in Tillicum)
Price:
$599,900
low | high
Med:
$498,750
66.861143523921% of Average
sqft:
2,365
low | high
Med:
1,300
95.031712473573% of Average
$ / sqft:
$254
low | high
Med:
$384
2% of Average
On site:
96
low | high
Med:
25
100% of Average
Sourced by Back At You

Market Activity 98498

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Learn More About This Property

StateWA
CountyPierce
CityLakewood
Zip Code98498
Area41 Lakewood | Tillicum
Community NameTillicum
Listing VS Median (in Tillicum)
Price:
$599,900
low | high
Med:
$498,750
66.861143523921% of Average
sqft:
2,365
low | high
Med:
1,300
95.031712473573% of Average
$ / sqft:
$254
low | high
Med:
$384
2% of Average
On site:
96
low | high
Med:
25
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $449K - $749K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
8605 MAPLE Street Property Photo 1
$479,000
8605 Maple Street
Lakewood, WA 98498
Listing Updated: September 22, 2026 at 3:09:34 AM PDT