$2,137,500
Est. $11,023/mo8303 John Dower Road Sw, Lakewood, WA 98499
• Listed 2026-07-15•24 days on market
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**ALERT** Investment Opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets. All kitchen appliances stay, washer/dryer hook ups in all units!
Listed by Tamara Paul • RE/MAX Northwest
Listing updated: July 16, 2026 at 12:17pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2555633
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8303 John Dower Road Sw, Lakewood, WA 98499
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Lakewood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 17 days.
$612,450 Sold
3 weeks ago
4 bd•3 ba•~3,080 sq ft•Single Family
6522 Steilacoom Boulevard Sw, Lakewood, WA 98499
2%
Under list
—
Days on market
0.4 mi
Distance
$800,000 Sold
6 weeks ago
•Single Family
9124 Gravelly Lake Drive SW, Lakewood, WA 98499
11%
Under list
—
Days on market
0.7 mi
Distance
$675,000 Sold
8 weeks ago
4 bd•2.5 ba•~2,116 sq ft•Single Family
8505 Bridgeport Way Sw, Lakewood, WA 98499
0%
Over list
—
Days on market
0.3 mi
Distance
$460,000 Sold
8 weeks ago
3 bd•1.75 ba•~1,217 sq ft•Single Family
8801 Sw Custer Road, Lakewood, WA 98499
2%
Over list
—
Days on market
0.3 mi
Distance
$389,000 Sold
2 months ago
2 bd•1 ba•~804 sq ft•Single Family
6412 Patton Avenue Sw, Lakewood, WA 98499
4%
Over list
—
Days on market
0.2 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
Lakewood School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
