11002 Idlewild Road SW Lakewood, WA 98498
11002 Idlewild Road SW
Lakewood, WA 98498
$2,100,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.
Property Features
Community: Lakewood
5-9 Units
Fenced-Partially
Patio
Exterior: Cement/Concrete
Exterior: Stucco
Exterior: Wood
Roof: Metal
Year Built: 1955
2025 Taxes: $16508.00
Listing #: 2535832
Lot Details
Lot Size: 1.33 acres
Curbs
Dead End Street
Paved
No. of Units: 12
Interior
Cooling: None
Heating: Baseboard, Wall Furnace
Electric
Common Features
Coin Op Laundry
Schools
District: Clover Park
Elem: Idlewild Elem
Middle: Mann Mid
High: Clover Park High
Call or Email:
Grace Wamwere
What's Near 11002 Idlewild Road SW Lakewood, WA 98498?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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