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11430 Gravelly Lake Drive SW, Lakewood
$2,599,950
4 Beds ⋅ 5 Baths ⋅ 2568869 MLS ⋅ ACTIVE Status
Historic Lake Steilacoom estate designed by renowned architect Kirtland Cutter. Built in 1922, this 4 bedroom, 4 bathroom home includes nearly 5,700 square feet on over three total acres, which includes an additional waterfront parcel, with park-like grounds and rare lakefront privacy. Updates throughout, including a fully remodeled kitchen that retains its antique European cupboards. The elegant living room features original herringbone tiger oak flooring, an antique French marble fireplace mantle, and custom hand blocked wallpaper. A 3 car garage provides ample parking. Daylight basement offers a laundry room and media room. An additional guest house includes a kitchen, living room, bedroom, and three-quarter bathroom. Outdoor living includes a patio with fireplace, a pump house, a boat house with a newly replaced roof, and a fire pit. Additionally, a new dock has been built and installed on the lakeshore. This is a rare opportunity to own one of the most historic and architecturally significant estates on Lake Steilacoom.

11430 Gravelly Lake Drive SW, Lakewood

Listing Broker: Keller Williams Rty Tacoma; Brad Stave; 253-486-2452; Brad@PugetSoundLife.com

8303 John Dower Road SW, Lakewood
$2,137,500
2555633 MLS ⋅ ACTIVE Status
**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!

8303 John Dower Road SW, Lakewood

Listing Broker: RE/MAX Northwest; Tamara Paul; 206-226-5869; tamara@TheTamaraPaulGroup.com

11002 Idlewild Road SW, Lakewood
$2,100,000
2535832 MLS ⋅ ACTIVE Status
Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.

11002 Idlewild Road SW, Lakewood

Listing Broker: Keller Williams Rty Tacoma; Matt Harber; 253-229-1329; matt@harberhomegroup.com

8524 8544 S Tacoma Way, Lakewood
$2,300,000
2533353 MLS ⋅ ACTIVE Status
Remarkable mixed used rental income property in South Tacoma Way Lakewood. Great mix of residential and commercial tenants for rental income. Located in the privately near South Tacoma. This has been an owner owned property with their business. Well maintained and good tenants. The house classified as single family residence but with multifamily rental permit approved by City of Lakewood.

8524 8544 S Tacoma Way, Lakewood

Listing Broker: Global Real Estate Express; Kathy Yi; 253-389-9558; kjhy11@hotmail.com

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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