Property Details
8701 72nd Avenue Ct SW
Lakewood, WA 98499
$615,000
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Property Overview
Rare opportunity to own a well-maintained duplex tucked against a peaceful greenbelt/wildlife corridor, offering a unique blend of privacy, nature, & income potential. Backing to a year-round creek and protected natural surroundings, this property provides a serene setting where deer and local wildlife are frequent visitors. The upper residence offers a spacious and thoughtfully updated layout with 2 bedrooms, office, decorative fireplace, in unit laundry room w/W/D hookup + 1.5 baths w/private deck. Upgrades include granite countertops, newer cabinetry, laminate flooring, beautiful porcelain tile, vinyl windows and hot water heater (2024).Lower residence includes 2 bedrooms and 1 bath with fireplace, extra large in unit laundry w/W/D hookup, private patio, plus new hot water tank and new kitchen appliances (2024). Each unit has its own garage and access to the tranquil natural setting beyond. ** Whether you're an investor seeking a turnkey income property or an owner-occupant looking to offset your mortgage with rental income, this duplex offers flexibility, long-term value. Live in one while generating income from the other, or add a solid performer to your investment portfolio. New interior / exterior paint, 2024 new roof. ** Ideally located near Lk Steilacoom, shopping, dining, parks, Lakewood Towne Center. A rare combination of nature, functionality, and investment opportunity in a well kept neighborhood. Must see this beautiful, turnkey! Tour Unit A during inspection.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Lakewood
Listed
Jun 11, 2026
Original Price
$649,500
Structure Type
Duplex
Parcel Number
0220341222
Tax & HOA
Annual Property Tax
$6,177 (2026)
Est. Monthly Tax
$515/mo
Financial Summary
Cap Rate
6.50%
Net Operating Income
$28,503
Gross Scheduled Income
$43,980
Gross Rent Multiplier
14.00
Total Expenses
$14,598
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
2,870
Leasable Area
2,870 sqft
Total Units
2
Lot Size
12,197 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.28 sqft
Year Built
1967
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac, Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
South I-5 to Exit 127 (Lakewood). Right on Pacific Hwy/Tacoma Way S. Left on Steilacoom Blvd SW. Hard-to-see right on 72nd Ave Ct SW. Duplex at end.
Location
City
Lakewood
County
Pierce
Coordinates
47.17859, -122.53425
Additional Information
Tax Year
2026
Annual Taxes
$6,177
Possession
Array
Based on information submitted to the MLS GRID as of August 9, 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.
