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$1,150,000
18 Days On Site

8314 Spruce Street SW
Lakewood, WA 98498

For Sale|Duplex|Active
0
Beds
0
Full Baths
0
Partial Baths
4,551
SqFt
$253
/SqFt
1952
Built
Cumulative Days On Market:
19
Subdivision:
Tillicum
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Vikki Iverson of COMPASS
Call Now: (360) 219-9514
Is this the home for you? We can help make it yours.
(360) 219-9514
8314 Spruce Street SW8314 Spruce Street SW8314 Spruce Street SW8314 Spruce Street SW
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Monthly Payment (Est.)

$5,247
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Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.

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Listing Snapshot
Price 
$1,150,000
Days On Site 
18 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,551 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.528 Acres
Year Built 
1952
MLS® Number 
2352914
Status 
Active
Property Tax 
$10,667
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.528
Carport 
1
Foundation 
BlockSlab
Number Of Stories 
2
Parking 
RV Access/Parking
Parking Spaces 
16
Property Sub Type 
Duplex
SqFt Total 
4551
Utilities 
Cable AvailableSewer Connected
Water Source 
Public
Interior Features
Cooling 
Central AirHeat Pump
Flooring 
Ceramic TileCarpetVinyl
Heating 
ElectricNatural GasForced AirHeat Pump
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Exterior Features
Construction Details 
Brick
Lot Features 
Corner LotPaved
Other Structures 
Outbuilding
Roof 
Composition
View 
Territorial
Waterview 
Territorial
Community Features
Association Amenities 
Storage
Financing Terms Available 
Conventional
MLS Area 
41 – Lakewood/Tillicum
School District 
Clover Park
Schools
School District
Clover Park
Elementary School
Tillicum Elem
Middle School
Woodbrook Mid
High School
Clover Park High
Courtesy of NWMLS
Listing courtesy of Vikki Iverson of COMPASS



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-04-19 06:35 AM PDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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