Property Details
9315 Veterans Drive SW
Lakewood, WA 98498
$559,000
Pending
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Property Overview
Exceptional investment and future development opportunity in a prime Lakewood location. Situated on 0.39 acres across from American Lake Park and the public boat launch, this property features two duplexes comprised of four one-bedroom, one-bath units. Two units enjoy peekaboo views of American Lake, while the generous lot provides abundant parking, or boat / trailer storage. With strong rental appeal, a highly desirable recreational setting, and potential for future redevelopment (buyer to verify), this property offers a unique combination of current cash flow and long-term upside. Conveniently located near JBLM, shopping, dining, Laundromat and major commuter routes, this is a rare opportunity to own a multifamily asset in one of Lakewood’s most sought-after locations. M2M Renter in Unit C would like to renew his Lease.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
American Lake
Listed
Aug 1, 2026
Structure Type
Quadruplex
Parcel Number
6385200300
Tax & HOA
Annual Property Tax
$6,059 (2026)
Est. Monthly Tax
$505/mo
Financial Summary
Gross Scheduled Income
$1,200
Total Expenses
$10,259
Vacancy Rate
75.0%
Building & Use
Building Sq Ft
1,900
Leasable Area
1,900 sqft
Total Units
4
Lot Size
17,001 sqft
Year Built
1924
Exterior & Lot
Lot Size
0.39 sqft
Year Built
1924
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Community & Access
Directions
Gravelly lake Dr, West on Veterans through all the round abouts, go past American Lake park, property on right.
Location
City
Lakewood
County
Pierce
Coordinates
47.14260, -122.56186
Additional Information
Tax Year
2026
Annual Taxes
$6,059
Possession
Array
Based on information submitted to the MLS GRID as of August 5, 2026 3:45 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.
