$2,250,000
8303 John Dower Road SW, Lakewood, WA 98499
6,066 Sq Ft
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MLS #2530635 / Listing provided by NWMLS & RE/MAX Northwest Realtors.

$2,250,000

8303 John Dower Road SW
Lakewood, WA 98499

Active 18 hours ago
6,066
Sq Ft
$371
Per Sq Ft
1962
Year Built

Exceptional 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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 10
  • Total Uncovered Parking Spaces: 10

Structure

  • Roof: Composition
  • Exterior Features: Wood
  • Foundation: Slab

Lot Details

  • Lot Features: Corner Lot
  • Acres: 0.6198
  • Foundation: Slab
Area Features

Schools

  • High School District: Lakewood
  • High School: Lakewood High
  • Middle School: Lakewood Mid
  • Elementary School: Buyer To Verify

Lot Details

  • Lot Features: Corner Lot
  • Acres: 0.6198
  • Foundation: Slab
Utilities

Power

  • Energy Source: Electric
  • Power Company: TPU

Water, Sewer, and Garbage

  • Sewer Company: Pierce County Sewer
  • Sewer: Sewer Connected
  • Water Company: Lakewood Water District
  • Water Source: Public
  • Water, Sewer, and Garbage: 16500
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