Property Details
2604 92nd Street S #A/B
Lakewood, WA 98499
$541,000
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Property Overview
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. Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 6% 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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Lakeview
Listed
Jun 23, 2026
Structure Type
Duplex
Parcel Number
0320314068
Tax & HOA
Annual Property Tax
$5,807 (2026)
Est. Monthly Tax
$484/mo
Financial Summary
Cap Rate
6.00%
Net Operating Income
$32,460
Gross Scheduled Income
$42,000
Gross Rent Multiplier
12.88
Total Expenses
$7,440
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,240
Leasable Area
2,240 sqft
Total Units
3
Zoning
Residential
Possible Use
Residential
Lot Size
12,632 sqft
Year Built
1970
Exterior & Lot
Lot Size
0.29 sqft
Year Built
1970
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
GPS Please.
Location
City
Lakewood
County
Pierce
Coordinates
47.17329, -122.47131
Additional Information
Tax Year
2026
Annual Taxes
$5,807
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 7:15 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
