This Lakewood duplex brings in $4800 per two units, and tenants pay utilities on top of rent. Both units were fully renovated in 2026. More than $125,000 went into bringing the duplex up to the City of Lakewood rental housing requirements. The work covered flooring, bathrooms, plumbing, electrical, furnaces, basement windows, appliances, painting, roof and gutter cleaning and other fixtures. Each units lives like a single family home, with its own attached one car garage for parking and storage and its own large fenced backyard. Fencing separates the two yards from each other and from the neighboring lots, so each household gets private outdoor space for kids, pets or summer barbecues. Unit 12403 has 3 bedrooms, 1bath, a bright galley kitchen with eat-in dining, two family rooms and a wood-burning fireplace for cozy evenings. It rents for $2,500 per month plus utilities. Unit 12405 has 3bedrooms, 1.75 bathrooms, a bright galley kitchen with eat-in dining, two family rooms and a wood burning fireplace. It's leased at $2,300 per month plus utilities through May 2027.The property is minutes from American Lake and local parks. The major systems are already updated, so the next owner can focus on leasing instead of repairs!!!
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Listing Snapshot
Price
$715,000
Days On Site
4 Days
Bedrooms
N/A
Inside Area (SqFt)
2,496 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1515 Acres
Year Built
1957
MLS® Number
2591137
Status
Active
Property Tax
$475
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
Invite
Recent Activity
3 days ago
Listing updated with changes from the MLS®
4 days ago
Listing first seen on site
General Features
Acres
0.1515
Carport
2
Foundation
See Remarks
Garage
Yes
Garage Spaces
2
Number Of Stories
2
Parking Spaces
4
Property Sub Type
Multi Family
SqFt Total
2496
Utilities
Sewer Connected
Interior Features
Cooling
Flooring
Laminate
Heating
ElectricNatural GasForced Air
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Exterior Features
Fencing
Fenced
Lot Features
Cul-De-SacPaved
Patio And Porch
DeckPatio
Roof
Composition
View
Territorial
Waterview
Territorial
Community Features
MLS Area
38 - Lakewood
School District
Clover Park
Financing Terms Available
ConventionalFHAUSDA LoanVA Loan
Schools
School District
Clover Park
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Courtesy of NWMLS
Listing courtesy of Uma D Chand of RealTrust Properties
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-10-11 04:35 PM PDT
Neighborhood & Commute
Source: Walkscore
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