Provided by NWMLS, Listed by COMPASS

Active

14402 Washington Avenue SW

Lakewood WA, 98498

$1,800,000


$225.48 per sqft

Active

7,983 sqft

Multi-family

Built in 1942

Wonderland is a rare value-add property on a large corner lot, ideally located near JBLM, Boeing, and UW Tacoma - without Tacoma's rental restrictions. This diverse asset includes a renovated fourplex, two single-family homes, and two duplex-style cottages with classic interiors ready for modernization and rent increases. A 1,200 SF storage unit offers conversion potential into an additional 3-bed/2-bath or two smaller units. Six garages provide extra income opportunities at $100+ per month each. With historically high occupancy, low turnover, and no delinquency, Wonderland presents a strong investment with significant upside potential.

2335245

MLS ID

February 21, 2025

Listed

March 5, 2025

Updated

Interior Features

Total Stories

2


Interior Features

Wall to Wall Carpet


Floor Description

Vinyl Plank, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air, Wall Unit(s)

Exterior/Building Features

Lot Size

0.99 Acres


Exterior Features

Cement/Concrete, Cement Planked


Lot Features

Paved, Secluded, Sidewalk


Roof

Composition


Sewer

Sewer Connected

School Information

School District

Clover Park

Other Property Details

Area Name

41 - Lakewood/Tillicum


Taxes

$14,528


Tax Frequency

Annually


Garage

No


Parking Total

18


View

No


County

Pierce


Water Source

Public

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 3/12/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 3/12/2025 at 1:00 PM UTC . 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.

©2025 Northwest Multiple Listing Service all rights reserved.

Data last updated on 3/12/2025 at 1:00 PM UTC 

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