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Listed by: Charles Burnett | Keller Williams Seattle Metro
Sold May 31, 2016
$415,000

1-7 - 15024 Portland Avenue, Lakewood WA

-beds
-baths
3,820sq ft
$108/sq ft
66 days on rennie6 cumulative days on market
928606MLS ®

7 Units | 8.9% Cap. Rate! Fully occupied and currently generating $52,764 in annual income. Unit count consists of (3) 1bed/1bath units and (4) 2bed/1bath units. Very well maintained; a solid, turn-key building with many upgrades. Recently connected to sewer ($35,000 upgrade), newer windows, roof, and interiors. Located one block from American Lake and near Joint Base Lewis-McChord, this is a high-demand rental with very low historic vacancy rate.

property details


Residential IncomeProperty type
10,890 ft²Lot area SF
$4,645Taxes 2016
3,820 ft²Living area
Coin LaundrySite influences
SubareaLakewood
Listed byKeller Williams Seattle Metro
rennie last checkedJune 20, 2025 at 12:56pm
Last updatedSeptember 05, 2024 at 05:38am
Cumulative days on market6 days
Closed DateMay 31, 2016
SourceNWMLS, MLS # 928606NWMLS Logo

Additional Details


Parking / Storage
Parking places - total12
Additional building details
Complex / sub divisionLakewood
Year Built1965
ConstructionWood Siding
RoofComposition
Floor finishHardwood, Laminate, Carpet, Vinyl
Storeys in building1
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California DRE #02248150

Based on information submitted to the MLS GRID as of June 20, 2025 at 12:56pm. All data is obtained from various sources and may not have been verified by rennie or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Disclaimer: The information contained in this listing has not been verified by rennie, and should be verified by the buyer. Some IDX listings have been excluded from this website. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2024 NWMLS. All rights are reserved.