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  • Listed by: 

    Peggy Kellogg,

    Targa Real Estate Services Inc,

    Glenda G Bunger,

    Targa Real Estate Services Inc

    $1,125,500

    11213 Kline Street SW, Lakewood, WA 98499

    12beds
    4baths
    --sqft
    : 
    Duplex
    Built in 1940
    -- sqft lot
    $1,080,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Spacious interiorsLarge yards
    Prime 4-Unit Multi-Family investment with ~7% cap rate! Generating $8K in monthly rental income with stable tenants in place. This large 27k sqft lot has 2 single family homes and 1 duplex. All the units enjoy spacious interiors and large yards. The property is ideally located near major freeways, JBLM, and Lakewood Transit Station. This turnkey property offers strong cash flow and excellent investment potential in a sought-after neighborhood. Don’t miss out—properties like this move quickly!
    147 days
    on Zillow
    |
    137
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 15, 2025 at 10:34am

    Offers reviewed: Mar 31
    Listed by:

    Peggy Kellogg,

    Targa Real Estate Services Inc,

    Glenda G Bunger,

    Targa Real Estate Services Inc

    Source: NWMLS,MLS#: 2350146MLS Logo
    Travel times

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 4
    Heating
    • Baseboard, Forced Air, Electric
    Cooling
    • None
    Features
    • Flooring: Engineered Hardwood, Hardwood, Vinyl, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Total spaces: 5
    • Parking features: Open
    • Covered spaces: 1
    • Uncovered spaces: 4
    Features
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 0.62 Acres
    • Dimensions: 26921
    Details
    • Parcel number: 0219122142
    • Zoning description: Multi-Family
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Wood Siding, Wood Products
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 1940
    • Major remodel year: 1976

    Utilities & green energy

    • Electric: Company: Puget Sound Energy
    • Sewer: Sewer Connected, Company: Pierce County
    • Water: Public, Company: Lakewood Water

    Community & HOA

    Community
    • Subdivision: Lakewood
    Location
    • Region: Lakewood

    Financial & listing details

    • Annual tax amount: $7,885
    • Offers reviewed: 03/31/2025
    • Date on market: 3/27/2025
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 148 days
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