8314 Spruce Street SW, Lakewood, WA 98498 (MLS # 2352914)
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Listing provided courtesy of Northwest MLS; COMPASS
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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 its 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 minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
| LAST UPDATED | 3/31/2025 | TRACT | Tillicum |
|---|---|---|---|
| YEAR BUILT | 1952 | COMMUNITY | Tillicum |
| COUNTY | Pierce | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Tillicum Elem |
|---|---|
| Jr. High School | Woodbrook Mid |
| High School | Clover Park High |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 41 - Lakewood/Tillicum |
| BASEMENT | Yes |
| CONSTRUCTION | Brick |
| HEAT | Electric, Forced Air, Heat Pump, Natural Gas |
| INTERIOR | Ceramic Tile, Wall to Wall Carpet |
| LOT | 0.528 acre(s) |
| LOT DESCRIPTION | Corner Lot, Dead End Street, Paved, Sidewalk |
| MLS STATUS | Active |
| PARKING | RV Access/Parking |
| STORIES | 2 |
| STYLE | 52 - Duplex |
| SUBDIVISION | Tillicum |
| TAXES | 10667 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/2/25 2:41 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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