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!
Active
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
Est.:
Duplex
Built in 1940
-- sqft lot
$1,080,400 Zestimate®
$--/sqft
$-- HOA
What's special
Spacious interiorsLarge yards
- 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#: 2350146

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Tour with a buyer's agent
Tour with a buyer's agent
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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