Prime American Lake Investment Opportunity With Lake Views! This unique duplex-zoned property currently offers three separate units (A,B,&C) with individual meters, just a block from American Lake's waterfront. Enjoy a great-sized, corner lot in a fantastic location that provides both lifestyle and returns. Recent updates include a brand-new septic system, fresh interior and exterior paint, new carpets, and a new roof on the cottage building. All units currently vacant but previous income was ~$2600/mo. Easy access to JBLM, Madigan Hospital, and I-5 freeway. This is a terrific chance to own a multi-family property with significant upside potential.
Pending inspection
Listed by:
Michael Nowbar-Nekahi,
Coldwell Banker Danforth
Price cut: $25K (8/12)
$425,000
8906 Wadsworth Street SW, Lakewood, WA 98498
4beds
3baths
1,934sqft
Est.:
Duplex
Built in 1952
-- sqft lot
$-- Zestimate®
$220/sqft
$-- HOA
What's special
Lake viewsCorner lot
- 32 days
- on Zillow |
- 1,365 |
- 87 |
Zillow last checked: 7 hours ago
Listing updated: August 23, 2025 at 10:53pm
Listed by:
Michael Nowbar-Nekahi,
Coldwell Banker Danforth
Source: NWMLS,MLS#: 2413974

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Hardwood, Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,934
- Total interior livable area: 1,934 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Uncovered spaces: 5
Features
- Has view: Yes
- View description: Lake, Partial
- Has water view: Yes
- Water view: Lake
Lot
- Size: 8,999.5 Square Feet
- Features: Corner Lot, Paved, Fenced-Partially, High Speed Internet
Details
- Parcel number: 0219212123
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Roof: Composition
Condition
- Fair
- Year built: 1952
- Major remodel year: 1981
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Available, Septic Tank, Company: Septic
- Water: Public, Company: Lakewood Water District
Community & HOA
Community
- Subdivision: Tillicum
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $220/sqft
- Tax assessed value: $407,000
- Annual tax amount: $4,765
- Date on market: 8/4/2025
- Cumulative days on market: 28 days
- Listing terms: Cash Out,Conventional,VA Loan
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