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MLS: #NWM2530635, Listed By: Tamara Paul, RE/MAX Northwest, Source:NWMLS - Northwest Multiple Listing Service

8303 John Dower Road

Lakewood, WA 98499
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Bed 0

Bed

Bath 0

Bath

SqFt6,066

Sqft

Acres0.62

Acre(Lot)

Exceptional investment opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joi nt Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,250,000

AD Id : 80052934

MLS Id : NWM2530635

Lot Size : 0.62 Acre

Living Area Size : 6,066

Year Built : 1962

County : Pierce

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Feature Features

  • Interior Features

    Roof: Composition

    Roofing Information

    Composition
  • Flooring Information

    Flooring: Laminate, Carpet Construction Materials: Wood
  • Heating & Cooling

    Heating: Baseboard, Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1962
  • Exterior Features

    Wood Construction Materials: Wood Foundation Details: Slab

  • Lot Information

    Lot Dimensions: 225x120 Lot Description: Corner Lot Lot Square Feet: 27000 Lot Acres: 0.6198

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$2250000

  • Tax Information

    Annual Tax: $12656 Tax Year: 2026 Parcel Number: 5230000295

  • Parking Information

    Total Parking: 10

  • School Information

    Elementary School: Buyer To Verify Junior High School: Lakewood Mid Senior High School: Lakewood High
  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: Lakewood City: Lakewood Direction: GPS friendly: 8303 JOHN DOWER RD SW; Lakewood, WA 98499
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5702 5708 79th Street #.., Lakewood, WA, 98499 $3,180,000 -- -- 8,564 8,564 SqFt
6801 -6803 Steilacoom B.., Lakewood, WA, 98499 $620,000 -- -- 1,548 1,548 SqFt
6411 Lake Grove Street, Lakewood, WA, 98499 $565,000 -- -- 1,836 1,836 SqFt
5907 TO 5909 SW 111th #.., Lakewood, WA, 98499 $590,077 -- -- 2,360 2,360 SqFt
8701 72nd Avenue Ct, Lakewood, WA, 98499 $649,500 -- -- 2,870 2,870 SqFt
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ByOwner last updated this listing 06/23/2026 @ 06:20

MLS: NWMLS #2530635 LISTED BY: Tamara Paul, RE/MAX Northwest 253-472-2122 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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