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$2,725,000 -$175,000 (-6.03%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago

Listed by Chris Ranch | Keller Williams Realty PS | (253) 835-4500

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Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!

Full Property Details for 14312 Thorne Ln SW #15

General

  • Price: $2,725,000
  • Taxes: $21,758 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2435887
  • Updated: 1/13/2026
  • Added to Site: 118 day(s) ago

Interior

  • Flooring: Laminate, Vinyl Plank

Additional Information

  • Amenities: Boat House, Dock, Fenced-Partially, Gas Available, Outbuildings, Patio
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 14

Location

  • Area: 41 - Lakewood/Tillicum
  • County: Pierce
  • Subdivision: American Lake
  • Driving Directions: N/S I-5 take 122B/Thorne Ln, 122A/Berkeley St exit. West on N Thorne Ln. At Woodlawn St SW, Right/North. Drive approx 1 mile, turn right on west thorne ln sw. End of street.

School Information

  • High School District: Lakewood

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Septic Tank
  • Water: Individual Well

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 10,620
  • Year Built: 1999
  • Property Condition: Average

Unit Information

  • Units in Building: 9

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 17,860
  • Lot Size Source: Realist
  • Lot Features: Adjacent to Public Land, Corner Lot
  • Zoning: Multi-Family

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $21,758
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 219164022

Listed by Chris Ranch | Keller Williams Realty PS | (253) 835-4500

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Schools serving 14312 Thorne Ln SW #15

School District:Clover Park School District
NameGradesDistance
Tillicum Elementary School
8514 Maple ST SW, Lakewood, WA 98498
K-50.2 mi
Clover Park High School
11023 Gravelly LK DR SW, Lakewood, WA 98499
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14312 Thorne Ln SW #15 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Price Reduced
$2,725,000
-6.03%
MLS
9/22/2025
Listed
$2,900,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 14312 Thorne Ln SW #15

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,758
8%
$1,876,900
—
2024
$20,077
36%
$1,876,900
31%
2023
$14,807
2%
$1,436,000
15%
2022
$14,538
3%
$1,247,700
15%
2021
$14,071
5%
$1,084,900
9%
2020
$13,369
26%
$994,300
20%
2018
$10,628
—
$828,600
15%
2018
$10,628
-5%
$720,500
-2%
2017
$11,228
9%
$734,600
10%
2016
$10,298
1%
$667,800
7%
2014
$10,241
—
$624,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Chris Ranch | Keller Williams Realty PS | (253) 835-4500

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14312 Thorne Lane SW #15, Lakewood, WA 98498 (MLS# 2435887) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 14312 Thorne Lane SW #15 is currently listed for $2,725,000 and was received on September 22, 2025. Want to learn more about 14312 Thorne Lane SW #15? Do you have questions about finding other Multi-Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.

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