About 8311 Lake Street Sw
Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.
Features of 8311 Lake Street Sw
| MLS® # | 2555073 |
|---|---|
| Price | $649,999 |
| Square Footage | 2,088 |
| Acres | 0.30 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 8311 Lake Street Sw |
|---|---|
| Area | 41 - Lakewood/Tillicum |
| Subdivision | Tillicum |
| City | Lakewood |
| County | Pierce |
| State | WA |
| Zip Code | 98498 |
Amenities
| Parking Spaces | 6 |
|---|---|
| View | Territorial |
| Is Waterfront | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Forced Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Corner Lot, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Clover Park |
|---|
Additional Information
| Date Listed | July 15th, 2026 |
|---|---|
| Days on Market | 47 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Every Door Real Estate |
|---|