14402 Washington Avenue SW

Lakewood, WA 98498

  • Bed

  • Bath

  • 7983 SqFt

  • 12 DOM

  • Built: 1942

  • Status: Active

$1,800,000

X

14402 Washington Avenue SW

Lakewood 98498

$1800000

  • Bed

  • Bath

  • 7983 SqFt

  • 12 DOM

  • Built: 1942

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Wonderland is a rare value-add property on a large corner lot, ideally located near JBLM, Boeing, and UW Tacoma - without Tacoma's rental restrictions. This diverse asset includes a renovated fourplex, two single-family homes, and two duplex-style cottages with classic interiors ready for modernization and rent increases. A 1,200 SF storage unit offers conversion potential into an additional 3-bed/2-bath or two smaller units. Six garages provide extra income opportunities at $100+ per month each. With historically high occupancy, low turnover, and no delinquency, Wonderland presents a strong investment with significant upside potential.

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Residence Information

  • 7983

  • Composition

  • 56 - 10+ Units

  • 1942

Features and Utilities

  • Wall to Wall Carpet

  • Cement/Concrete, Cement Planked

  • Public

  • Sewer Connected

  • 7176.66

Financial

  • 14528

  • Cash Out, Conventional

  • 02-21-2025

Comparable Information

  • 12

  • 12

  • Cash Out, Conventional

  • $1,800,000

  • $1,800,000

  • Mar 05, 2025 21:20

Schools

Map

Listing courtesy of COMPASS.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: May 27, 2025 11:58 | Listing last modified Mar 05, 2025 21:20. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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