2604 92nd Street S Unit #A/B, Lakewood, WA 98499
- $580,000
- 2,240
- SqFt
Listing courtesy of COMPASS.
- List Price
- $580,000
- Status
- ACTIVE
- MLS#
- 2544523
- Price Change
- ▲ $39,000 1782427239
- Days on Market
- 35
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 2,240
- Area Total SqFt
- 2240
- Annual Tax Ammount
- 5807
- Lot Size (sq ft)
- 12,632
- Sewer
- Sewer Connected
Property Description
Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.
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Additional Information
- List Date
- 2026-06-23 15:58:12
- Community
- Lakeview
- Net Operating Income
- $32,460
- Gross Adjusted Income
- $39,900
- Gross Scheduled Income
- $42,000
- Total Monthly Income
- $3,500
- Insurance Expenses
- $1,633
- Gross Rent Multiplier
- 12.88
- Total Expenses
- $7,440
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 2604
- Potential Terms
- Cash, Conventional
- Year Built
- 1970
- Roof
- Composition
- Energy Source
- Electric
- School District
- Clover Park
- Total Monthly Income
- $3,500
- Gross Scheduled Income
- $42,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $39,900
- Tax Year
- 2026
- Insurance Expense
- $1,633
- Total Expenses
- $7,440
- Net Operating Income
- $32,460
- Gross Rent Multiplier
- 12.88
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.