$580,000
 $3,114 est/mo Sourced by Back At You

2604 92nd Street A/b,Lakewood, WA 98499

Lakewood, WA 98499

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Description

Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.

Details

MLS #2544523
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1970
Days On Site77
Listing Provided ByCOMPASS | Jim Swanson

Features

SQ Feet2,240
Garage2
Story(s)2
Units3
ZoningResidential
Acreage0.29

Taxes

Property5807

Area Information

StateWA
CountyPierce
CityLakewood
Zip Code98499
Area37 Lakewood
Community NameLakeview
Listing VS Median (in Lakeview)
Price:
$580,000
low | high
Med:
$412,500
78.879396551724% of Average
sqft:
2,240
low | high
Med:
1,414
86.875% of Average
$ / sqft:
$259
low | high
Med:
$293
36.762275630564% of Average
On site:
77
low | high
Med:
20
100% of Average
Sourced by Back At You

Market Activity 98499

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Learn More About This Property

StateWA
CountyPierce
CityLakewood
Zip Code98499
Area37 Lakewood
Community NameLakeview
Listing VS Median (in Lakeview)
Price:
$580,000
low | high
Med:
$412,500
78.879396551724% of Average
sqft:
2,240
low | high
Med:
1,414
86.875% of Average
$ / sqft:
$259
low | high
Med:
$293
36.762275630564% of Average
On site:
77
low | high
Med:
20
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $435K - $725K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
2607 92nd Street Property Photo 1
$509,950
2607 92nd Street
Lakewood, WA 98499
Listing Updated: July 10, 2026 at 11:21:52 AM PDT