$580,000
Est. $2,991/mo2604 92nd Street S #a/b, Lakewood, WA 98499
• Listed 2026-06-23•34 days on market
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Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.
Listed by Jim Swanson • COMPASS
Listing updated: July 6, 2026 at 08:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2544523
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2604 92nd Street S #a/b, Lakewood, WA 98499
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3 weeks ago
2 bd•1.75 ba•Single Family
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$440,000 Sold
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Over list
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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