8359 -8361 Phillips Road SW Lakewood, WA $ 699,950
8359 -8361 Phillips Road SW
$ 699,950
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8359 -8361 Phillips Road SW

Lakewood, WA, 98498
$ 699,950
Baths0.0 Sq 3,136

Monthly Estimate*

$ 4,652

Listed by Better Properties Real Estate
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Studio

Multi-Family Home for sale in Lakewood, WA

for $699,950. This 3,136 square foot home was built in 1971 on a lot size of 0.31.

This duplex is great for investors or owner occupied. The view is awesome, nestled in the evergreens above Chambers Creek you'll think you're living in a tree house! Each unit has two stories, cedar plank vaulted ceilings, 3 bedrooms 2 baths ,2 car carport with storage unit. . Duplex has Double wall construction and clear cedar siding. Relax on the private back patio while listening to the creek below. Close to shopping, restaurants, golf, parks, and JBLM Come take a look, I think you'll like what you see!

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Multi-Family Active

Price

$ 699,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,877

Style

Duplex

Lot Size

0.31

Year Built

1971

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2227050

Features
General
Interior Features Ceramic Tile Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Tenant's Rights
Roof Composition
Exterior Features Wood Products
HOA 0
Year Built 1971
View River
Property SubType Multi-Family
Tax Year 2024
Waterfront Features Bank-High
County Pierce
Net Operating Income 36400
Insurance Expense 1323
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Oakbrook
Special Listing Conditions None
Status Active
Directions West on Steilacoom Blvd turn Right onto Phillips Rd SW Right at Creekwood Villa Follow to end Duplex on Left. If you get to the game farm you've gone to far!
High School Lakes High
City Lakewood
Buyer Agent Compensation 1.5
View Y/N Y
Senior Community Y/N N
High School District Clover Park
Open Parking Spaces 0
Total Units 2
MLS Area 36 - Lakewood
Lot Size Square Feet 13504
Waterfront Y/N Y
Carport Spaces 4
Carport Y/N N
Street Name -8361 Phillips
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Oakbrook Elem
Tax Annual Amount 5877
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Hudtloff Mid
Property Condition Good
Public Remarks This duplex is great for investors or owner occupied. The view is awesome nestled in the evergreens above Chambers Creek you'll think you're living in a tree house! Each unit has two stories cedar
Leasable Area 3136
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage Thermal Windows
Water Company Lakewood
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2000
Property Style 52 - Duplex
Cap Rate 5.02
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Interior
Flooring Ceramic Tile Stone Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Dead End Street Paved
Water Source Public
Total Parking 4
Foundation Details Slab
Building Area Total 3136
Lot Size Acres 0.31
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Cable TV
Parking Uncovered Spaces 0
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Internal Only
OriginalMLSID NWM2227050
Street Number 1 8359
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* Excluded Features
List By
Nancy Echols

Listing Agent

Better Properties Real Estate

Broker

Affordability Calculator

$5,142
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,652
Monthly Property Taxes
$490
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4561087 Elementary School
256917 Middle School
Lakes High High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$699,950 -6.67% Price Down
4/25/2024$750,000 Listed Price

Map


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8359 -8361 Phillips Road SW, Lakewood, WA, 98498 is a Multi-Family Home for sale at $699,950 with 3,136 sqft and a lot size of 0.31. 8359 -8361 Phillips Road SW is a studio with 0.0 baths and was built in 1971. The property's zip code is 98498 which is in Lakewood, WA