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Listing provided courtesy of Home Smart Real Estate Assoc.MLS# 691301MLS Provider
  • 469 days on site
  • 0 views

Rare opportunity to own this well-maintained, classic brick 8-unit apartment building, conveniently located on a quiet street just 2-blocks away from American Lake Park and lake access! An ideal investment in an ideal location! New restaurants, local pub, gourmet coffee stand, corner grocery stores, new laundromat and Route #214 bus stop are just steps away! Minutes from VA hospital, American Lake Golf Course and close to I-5, Lakewood Town Center, JBLM and Fort Steilacoom Park. There are (2) two-bedroom units and (6) one-bedroom units. Rents are below market rates and there is much room for increases! All units have updated kitchens with gas ranges and quartz counters, tiled bathrooms, new hot water tanks and updated electrical panels. New roof installed in 2024.

Source: Seattle Commercial, MLS#: 691301

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  • Property Type
    Residential Income

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  • Median Age
    40
  • Population Density
    3,002
  • College Educated
    41%
  • Estimated Median Income
    $72,711
  • Estimated Total Home Owners
    6,613
  • Estimated Total Renters
    4,787
  • Owner / Renter Divide
    58% / 42%
  • Estimated Average Household Size
    2
  • Total Population
    28,764
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 9227 N Lake Dr SW

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/18/2025Source: Seattle Commercial Added to Database
March 18, 2025