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$599,950 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • Updated 10 days ago

Listed by Dan Dodge | All Real Estate Solution | (253) 539-1675 and Marcia J Bentz | All Real Estate Solution | (253) 539-1675

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Excellent cash flow investment with 4 1-bedroom units leased at $975 each per month. Two units up and two units down. Large 11,000 plus square foot fenced lot. City of Lakewood says it will support another 4-plex that can be built for additional cash flow (buyer to verify). Portland Avenue was repaved with curbs, gutters, sidewalks, and bike lane plus sewer installation. Convenient location near Harry Todd Park and American Lake. Easy access to JBLM, Madigan Hospital, and I-5 either North or South. Price reduced for quick sale. Great value for a 4-unit building as most are sold for $100s of thousands more.

Full Property Details for 14514 Portland Ave SW

General

  • Price: $599,950
  • Taxes: $5,188 (2025)
  • Status: Pending
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2496939
  • Updated: 3/24/2026
  • Added to Site: 11 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Fenced-Fully, Outbuildings, RV Parking
  • Security/Safety: Fully Fenced

Parking

  • Uncovered Spaces: 8
  • Parking Features: RV Parking

Location

  • Area: 41 - Lakewood/Tillicum
  • County: Pierce
  • Subdivision: American Lake
  • Driving Directions: West on Berkley to Portland Avenue. Right on Portland to subject property on left side.

School Information

  • High School District: Lakewood
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,032
  • Year Built: 1935
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.2527
  • Lot Size (Sq. Ft.): 11,008
  • Lot Size Source: Public Records
  • Lot Features: Curbs, Paved, Sidewalk, Value In Land
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $5,188
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2200003263

Listed by Dan Dodge | All Real Estate Solution | (253) 539-1675 and Marcia J Bentz | All Real Estate Solution | (253) 539-1675

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Schools serving 14514 Portland Ave SW

School District:Clover Park School District
NameGradesDistance
Tillicum Elementary School
8514 Maple ST SW, Lakewood, WA 98498
K-50.2 mi
Woodbrook Middle School
11509 Holden Road Southwest, Lakewood, WA 98498
6-81.9 mi
Harrison Preparatory School
9103 Lakewood Drive Southwest, Lakewood, WA 98499
6-123.9 mi
Clover Park High School
11023 Gravelly LK DR SW, Lakewood, WA 98499
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14514 Portland Ave SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/24/2026
Listed
$599,950
312.55%
MLS
7/16/2003
Sold
$145,425
—
Public Record
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 14514 Portland Ave SW

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,664
—
$436,400
1%
2024
$4,664
4%
$431,100
-1%
2023
$4,500
5%
$434,200
19%
2022
$4,287
15%
$365,700
28%
2021
$3,731
22%
$284,800
27%
2020
$3,070
19%
$224,700
4%
2018
$2,589
—
$215,200
22%
2018
$2,589
6%
$176,300
10%
2017
$2,454
9%
$161,000
10%
2016
$2,257
10%
$146,900
13%
2015
$2,047
—
$129,600
4%
2014
$2,044
—
$124,800
—
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 Dan Dodge | All Real Estate Solution | (253) 539-1675 and Marcia J Bentz | All Real Estate Solution | (253) 539-1675

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14514 Portland Avenue SW, Lakewood, WA 98498 (MLS# 2496939) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 14514 Portland Avenue SW is currently listed for $599,950 and was received on March 24, 2026. Want to learn more about 14514 Portland Avenue SW? 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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