About this home

Positioned across from Harry Todd Park and moments from American Lake, this 0.28-acre MF2-zoned parcel offers a compelling opportunity for a builder or investor seeking a head start on a four-unit concept. The current site plan depicts two attached two-unit buildings with garages, a shared access layout, proposed sewer connections and water meters. Predevelopment work includes engineered plans, structural calculations, soils and stormwater testing, and an active commercial sewer application for Building A. The mostly level, partially cleared lot is surrounded by established residential development with convenient access to schools, JBLM and I-5. Significant professional design and coordination provide a more developed starting point than a typical vacant parcel. Buyer to independently verify zoning, development feasibility, plans, approvals, utilities, costs and requirements.

Schools

Elementary

Tillicum Elem

Middle

Woodbrook Mid

High

Clover Park High

Property details

View: Territorial
Lot: Paved, Sidewalk
Water source: In Street
Sewer: In Street
Utilities: Electricity Connected

Costs

Annual taxes: $1,421 (2026)

Estimate your monthly payment

$1,762/mo

Principal & interest: $1,643
Property taxes: $118

Down payment (20%) $65,000 Interest rate (%) Loan term (years)

Loan amount $260,000

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 Real Broker LLC— Mark Martynovskiy.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?

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