$674,999
Est. $3,481/mo8311 Lake Street Sw, Lakewood, WA 98498
• Listed 2026-07-15•20 days on market
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Based on information submitted to the MLS GRID as of July 20, 2026 at 10:53am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.
Listed by Indy Basra • Every Door Real Estate
Listing updated: July 20, 2026 at 10:53am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2555073
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8311 Lake Street Sw, Lakewood, WA 98498
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Lakewood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$395,000 Sold
2 months ago
2 bd•1 ba•~784 sq ft•Single Family
14607 Union Avenue, Lakewood, WA 98498
1%
Over list
—
Days on market
0.1 mi
Distance
$305,000 Sold
2 months ago
2 bd•0.75 ba•~621 sq ft•Single Family
14413 Portland Ave Sw, Lakewood, WA 98498
2%
Over list
—
Days on market
0.2 mi
Distance
$2,100,000 Sold
3 months ago
•Single Family
14312 Thorne Lane Sw #15, Lakewood, WA 98498
23%
Under list
—
Days on market
0.4 mi
Distance
$1,375,000 Sold
3 months ago
3 bd•3.25 ba•~4,306 sq ft•Single Family
128 Country Club Circle Sw, Lakewood, WA 98498
5%
Under list
—
Days on market
0.3 mi
Distance
$339,950 Sold
3 months ago
2 bd•1 ba•~860 sq ft•Single Family
15412 Portland Avenue Sw, Lakewood, WA 98498
0%
Over list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
