Bought with ZNonMember-Office-MLS
$1,500,000
$1,800,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
14402 Washington AVE SW Lakewood, WA 98498
3 Beds
1 Bath
7,983 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,983 sqft
Price per Sqft $187
Subdivision Tillicum
MLS Listing ID 2335245
Sold Date 06/11/25
Style 56 - 10+ Units
Bedrooms 3
Year Built 1942
Annual Tax Amount $14,528
Lot Size 0.990 Acres
Property Sub-Type Multi Family
Property Description
Wonderland is a rare value-add property on a large corner lot, ideally located near JBLM, Boeing, and UW Tacoma - without Tacoma's rental restrictions. This diverse asset includes a renovated fourplex, two single-family homes, and two duplex-style cottages with classic interiors ready for modernization and rent increases. A 1,200 SF storage unit offers conversion potential into an additional 3-bed/2-bath or two smaller units. Six garages provide extra income opportunities at $100+ per month each. With historically high occupancy, low turnover, and no delinquency, Wonderland presents a strong investment with significant upside potential.
Location
State WA
County Pierce
Area 41 - Lakewood/Tillicum
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Cement Planked
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Secluded, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Clover Park
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157