Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2544523
New
Images
Request Info2604 92nd Street S #A/BLakewood, WA 98499
Multi-Family · 5 Beds · 2,240 Sq. ft. | 0.29 Acres$580,000
Active
2604 92nd Street S #A/B Overview
- Visits:
- 0
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. 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.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
2604 92nd Street S #A/B Facts & Features
- Type Multi-Family
- Sq. ft. 2,240
- Price/Sq.ft. $259
- Lot 0.29 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Clover Park
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 42000
- Insurance Expense: 1633
- Net Operating Income: 32460
- Total Expenses: 7440
- Total Monthly Income: 3500
- Water/Sewer/Garbage: 0
Building Information
- New Construction: No
- Year Built: 1970
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 37 - Lakewood
- Subdivision Name: Lakeview
Tax Information
- Tax Annual Amount: $5,807.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 0320314068
- Possible Use: Residential
- Property Condition: Average
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 2
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 2240
- Building Area Units: Square Feet
- Calculated Square Footage: 2240
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl, Vinyl Plank
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 2240
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Unit Information
- Unit Number: A/B
Exterior
Parking Information
- Open Parking: No
- Parking Total: 5
- Parking Uncovered Total: 3
Lot Information
- Irrigation Water Rights: No
- Lot Features: Dead End Street, Paved
- Lot Size Acres: 0.29
- Lot Size Square Feet: 12632
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Duplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 2
- Exterior Features: Wood, Wood Products
- Number Of Units Total: 3
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1400
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 2100
- Beds Total: 3
- Baths Total: 1
Unit 3 Details
- Actual Rent: 3500
2604 92nd Street S #A/B Neighborhood
Community
98499 (LAKEWOOD) Demographics
33
Median Age
3,254
Population Density (per sq. mile)
30%
College Educated
$50,037
Estimated Median Income
4,435
Estimated Total Home Owners
8,688
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2604 92nd Street S #A/B Monthly Cost
2604 92nd Street S #A/B Market Data
Based on the last 30 days in this zip code
$633,602
Average List Price
$301
Average Price per Square Foot
17
Properties Sold
72
Average Days on Market
104
Properties for Sale
2604 92nd Street S #A/B History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: NWMLS | $580,000 7.2% |
|
| 6/23/2026Source: NWMLS | June 23, 2026 |