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11714 -11718 Farwest Drive SW

Lakewood, WA 98498
  • $1,099,950
  • STATUS: Active
  • ID#: 2446709
UPDATED: 24 min ago
$1,099,950
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,624
    SQFT
  • $304
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of COMPASS.
Mortgage Calculator is provided by BoomTown.

Description

Exceptional investment opportunity in the heart of Lakewood! This well-maintained 4-plex offers solid rental income with room for upside. Each unit features functional layouts and long-term rental appeal. Strong rental history and conveniently located near shopping, JBLM, schools, and major freewaysensuring consistent tenant demand. Perfect for investors seeking stable cash flow, appreciation potential, or a 1031 exchange opportunity. Don't miss this chance to secure a great performing multifamily asset in a desirable area!

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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-12-10T15:14:45.027. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-12-10T15:14:45.027. 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.
www.iconrealestategroup.com/homes/169721157
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11714 -11718 Farwest Drive SW Lakewood, WA 98498

  • Price: $1,099,950
  • Status: Active
  • On Site: Days
  • Updated: 24 min ago
  • ID#: 2446709
0
Beds
0
Baths
0
½ Baths
0.65
Acres
3,624
SQFT
$304
$/SQFT
1972
Built
Neighborhood:
Tillicum
County:
Pierce
Area:
Lakewood/Tillicum
School District:
Lakewood
Property Description
Exceptional investment opportunity in the heart of Lakewood! This well-maintained 4-plex offers solid rental income with room for upside. Each unit features functional layouts and long-term rental appeal. Strong rental history and conveniently located near shopping, JBLM, schools, and major freewaysensuring consistent tenant demand. Perfect for investors seeking stable cash flow, appreciation potential, or a 1031 exchange opportunity. Don't miss this chance to secure a great performing multifamily asset in a desirable area!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 4 Exterior Features Wood Products Open Parking Spaces 4 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 4 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 3624 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Heating Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalFHAVA Loan Net Operating Income 64218 New Construction YN No Possession ClosingSubject to Tenant Rights Power Company PSE Power Production Type Electric Property Sub Type Multi Family Senior Community YN No Sewer Sewer Connected Sewer Company Pierce County Sewer Special Listing Conditions None Tax Annual Amount 9331 Tax Year 2025 Units In Building Total 4 Water Company Lakewood Water District Water Source Community Year Built Effective 1972



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-12-10T15:14:45.027. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-12-10T15:14:45.027. 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.
 
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Icon Group
11223 SE 248th Street
Kent WA, 98030
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of COMPASS.
Mortgage Calculator is provided by BoomTown.