About this home

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.

Exterior features

Wood

Property details

Heating: Forced Air
Cooling: Forced Air
Flooring: Vinyl, Carpet
View: Territorial
Lot: Corner Lot, Paved, Sidewalk
Water source: Public
Sewer: Septic Tank

Costs

Annual taxes: $5,737 (2025)

Estimate your monthly payment

$3,765/mo

Principal & interest: $3,287
Property taxes: $478

Down payment (20%) $130,000 Interest rate (%) Loan term (years)

Loan amount $519,999

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Lakewood, WA 98498

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Every Door Real Estate— Indy Basra.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.