14402 Washington AVE SW Active Save Request In-Person Tour Request Virtual Tour
Lakewood,WA 98498
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,983 sqft
Price per Sqft $225
Subdivision Tillicum
MLS Listing ID 2335245
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
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
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional