8303 John Dower Rd SW

Lakewood, WA 98499
  • $2,250,000

    Price
  • 16

    Bed
  • 8

    Bath
  • 7,040

    SqFt

About the Listing 9299 - 71708

Exceptional 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.

Listing Highlights

Status Active
Days on Site 15
Property Type Multi-Family
MLS ® 2530635
Year Built 1962
Total Square Footage 7,040
Lot/Acreage 0.62
County Pierce
Neighborhood Lakewood
School District Lakewood
Middle School Lakewood Middle
High School Lakewood High

Interior Details

  • Bedrooms: 16
  • Bathrooms: 8 Full
  • Appliances:
  • Air Cond:
  • Heating: Baseboard,Wall Furnace
  • Fireplaces: 0
  • Floor: Laminate,Carpet
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Lakewood Water District

Exterior Details

  • Lot Description: Corner Lot,Zoning: Multi-Family
  • Garage Capacity: N/A
  • Parking Spaces: 10
  • Lot Dimensions: 225x120
  • Zoning: Multi-Family
  • Roof: Composition
  • Others: Wood,Good
  • Sewer: Pierce County Sewer

Financial Details

  • Tax Amount: $12,656
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 5230000295
  • Tax Year: 2026

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Questions About..

8303 John Dower Rd SW Lakewood, WA 98499

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Originating MLS: nwmls

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