8314 Spruce Street SW

Lakewood, WA 98498

  • Bed

  • Bath

  • 4551 SqFt

  • 58 DOM

  • Built: 1952

  • Status: Active

$1,150,000

X

8314 Spruce Street SW

Lakewood 98498

$1150000

  • Bed

  • Bath

  • 4551 SqFt

  • 58 DOM

  • Built: 1952

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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 it's 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 is minutes away, making this a popular tenant location. Photos are limited due to tenant occupancy and respect for privacy.

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Residence Information

  • 4551

  • Composition, Torch Down

  • 52 - Duplex

  • 1952

  • Block, Slab

  • Basement, Storage

Features and Utilities

  • Ceramic Tile, Wall to Wall Carpet

  • Brick

  • Public

  • Sewer Connected

  • 0

Financial

  • 10667

  • Cash Out, Conventional

  • 03-31-2025

Comparable Information

  • 58

  • 58

  • Cash Out, Conventional

  • $1,150,000

  • $1,150,000

  • Mar 31, 2025 20:17

Schools

Elementary : Tillicum Elem N/A Ratings
Middle : Woodbrook Mid N/A Ratings
High : Clover Park Hig N/A Ratings

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 28, 2025 13:48 | Listing last modified Mar 31, 2025 20:17. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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