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$674,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 20 hours ago

Listed by Indy Basra | Every Door Real Estate | (425) 243-3482 and Lindsey Gudger | Every Door Real Estate | (425) 243-3482

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Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.

Full Property Details for 8311 Lake St SW

General

  • Price: $674,999
  • Taxes: $5,737 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2555073
  • Updated: 7/17/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Fenced-Fully
  • Security/Safety: Fully Fenced

Parking

  • Uncovered Spaces: 6

Location

  • Area: 41 - Lakewood/Tillicum
  • County: Pierce
  • Subdivision: Tillicum
  • Driving Directions: From I-5 S, take Thorne Lane Exit (#123). Turn R onto Thorne Ln, turn L onto Union Ave and take the 2nd R onto Lake St. Property is on the Right.

School Information

  • High School District: Clover Park

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Forced Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 2,088
  • Year Built: 1963
  • Property Condition: Good

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.3023
  • Lot Size (Sq. Ft.): 13,169
  • Lot Size Source: Public Records
  • Lot Features: Corner Lot, Paved, Sidewalk

Financial Considerations

  • Tax Amount: $5,737
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2200002450

Listed by Indy Basra | Every Door Real Estate | (425) 243-3482 and Lindsey Gudger | Every Door Real Estate | (425) 243-3482

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NMLS#: 1598647

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Schools serving 8311 Lake St 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
6-82.1 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 8311 Lake St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/15/2026
Listed
$674,999
50.03%
MLS
9/23/2019
Sold
$449,900
—
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 8311 Lake St SW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,737
—
$577,800
5%
2025
$5,737
—
$551,700
4%
2024
$5,730
8%
$532,800
4%
2023
$5,300
4%
$513,900
18%
2022
$5,086
8%
$436,100
20%
2021
$4,731
29%
$364,000
35%
2020
$3,668
20%
$270,400
6%
2019
$3,058
-1%
$254,000
22%
2018
$3,088
13%
$208,600
18%
2017
$2,731
9%
$177,300
10%
2016
$2,511
10%
$161,500
13%
2014
$2,278
—
$142,500
4%
2014
$2,278
—
$137,300
—
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 Indy Basra | Every Door Real Estate | (425) 243-3482 and Lindsey Gudger | Every Door Real Estate | (425) 243-3482

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8311 Lake Street SW, Lakewood, WA 98498 (MLS# 2555073) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 8311 Lake Street SW is currently listed for $674,999 and was received on July 15, 2026. Want to learn more about 8311 Lake Street 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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