8314 Spruce Street SW
Lakewood, WA 98498
- – beds
- – baths
- 4,551 sqft
- ~1/2 acre lot
- $252 per sqft
- 1968 build
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. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 1, 2025
•
MLS# 2352914 —
The Building
-
Year Built:1952
-
Year Built:1968
-
Year Built Source:Public Records
-
New Construction:false
-
Structure Type:Duplex
-
Roof:Composition, Torch Down
-
Foundation Details:Block, Slab
-
Exterior Features:Brick
-
Units In Building Total:2
-
# of Units Total:2
-
Stories Total:2
-
Building Area Total:4551
-
Building Area Units:Square Feet
-
Calculated SqFt:4551
-
SqFt Source:Per PCTR
-
Construction Materials:Brick
Interior
-
Interior Features:Ceramic Tile, Wall to Wall Carpet
-
Flooring:Ceramic Tile, Vinyl Plank, Carpet
-
Fireplace:false
Financial & Terms
-
Possession:Closing
Location
-
Latitude:47.127
-
Longitude:-122.546786
-
Directions:GPS is accurate
The Property
-
Property Type:Residential Income
-
Property Subtype:Multi-Family
-
Parcel Number:2200002412
-
Lot Features:Corner Lot, Dead End Street, Paved, Sidewalk
-
Lot Size Units:Square Feet
-
Lot Size Acres:0.528
-
Lot Size SqFt:23000
-
Lot Size Source:Public Records
-
Zoning Jurisdiction:City
-
View:Territorial
-
View:true
-
Waterfront:false
-
Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (425) 242-6440
- Office phone:
- (425) 242-6440
Taxes
-
Tax Year:2025
-
Tax Annual Amount:10667
The Listing
-
Special Listing Conditions:None
Heating & Cooling
-
Cooling:true
-
Heating:true
-
Cooling:90%+ High Efficiency, Central A/C, Forced Air, Heat Pump, High Efficiency (Unspecified)
-
Heating:Forced Air, Heat Pump, High Efficiency (Unspecified)
Utilities
-
Water Company:Lakewood Water
-
Water Source:Public
-
Sewer:Sewer Connected
-
Sewer Company:Pierce County
-
Power Company:Pse
-
Cable Connected:Xfinity
Schools
-
Elementary School:Tillicum Elem
-
Middle Or Junior School:Woodbrook Mid
-
High School:Clover Park High
-
High School District:Clover Park
The Community
-
Subdivision Name:Tillicum
-
Amenities:Basement,Storage
-
Senior Community:false
-
Association:false
Parking
-
Parking Total:16
-
Parking Uncovered Spaces:5
-
Parking Features:RV Parking
-
Open Parking:true
-
Open Parking Spaces:5
-
Carport Spaces:1
-
Carport:false
-
Covered Spaces:10
Listing courtesy of NWMLS / COMPASS
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/31/25
Mar 31, 2025
|
Listed / Active | NWMLS | $1,150,000 | 115.0% (19.1% / YR) |
3/28/19
Mar 28, 2019
|
NWMLS | $535,000 |