Gabe Berhe

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Listing provided courtesy of John L. Scott, IncNWMLSas Distributed by MLSGrid- MLS# NWM2533899MLS Provider

9221 -9223 North Lake Drive SWLakewood, WA 98498

Multi-Family · 4 Beds · 1,606 Sq. ft. | 0.28 Acres
$475,000 Pending

9221 -9223 North Lake Drive SW Overview

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Exceptional investment opportunity featuring a well-maintained single-level duplex in a highly convenient commuter location near Joint Base Lewis-McChord, American Lake, shopping, dining, parks, and major freeway access. This income-producing property offers strong long-term potential with historically low vacancy rates and practical one-level living in both units. Each residence features updated flooring, in-unit washer and dryer, spacious layouts, and private fenced outdoor spaces ideal for added comfort and functionality. Generous parking setup includes covered carport spaces plus dedicated storage for each unit. Conveniently positioned near endless amenities and major employment hubs, this duplex presents an outstanding opportunity for investors or owner-occupants seeking versatility, location, and lasting value.

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9221 -9223 North Lake Drive SW Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,606
  • Price/Sq.ft. $296
  • Lot 0.28 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Clover Park

Green Features

  • Green Energy Efficient: Thermal Windows

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 38400
  • Insurance Expense: 1000
  • Net Operating Income: 17400
  • Total Expenses: 7892
  • Total Monthly Income: 0
  • Water/Sewer/Garbage: 2244

Building Information

  • New Construction: No
  • Year Built: 1962

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 38 - Lakewood
  • Subdivision Name: American Lake

Community/Development

  • Amenities: Thermal Windows

Tax Information

  • Tax Annual Amount: $4,648.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, VA Loan
  • Parcel Number: 6385000010
  • Possible Use: Multi-Family
  • Property Condition: Restored
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1606
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1606
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Vinyl Plank
  • Foundation Details: Block
  • Heating: Yes
  • Leasable Area: 1606
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 0

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 2
  • Parking Uncovered Total: 1

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.2802
  • Lot Size Square Feet: 12204
  • Lot Size Units: Square Feet
  • Site Features: Deck, Fenced-Partially
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Methods: Standard Frame
  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 1
  • Carport: No
  • Covered Spaces: 1
  • Exterior Features: Brick, Wood, Wood Products
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1450
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1750
  • Beds Total: 2
  • Baths Total: 1

9221 -9223 North Lake Drive SW Neighborhood

Community

98498 (Lakewood) Demographics

40
Median Age
3,002
Population Density (per sq. mile)
41%
College Educated
$72,711
Estimated Median Income
6,613
Estimated Total Home Owners
4,787
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

9221 -9223 North Lake Drive SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

9221 -9223 North Lake Drive SW Market Data

Based on the last 30 days in this zip code

$673,902
Average List Price
$334
Average Price per Square Foot
41
Properties Sold
72
Average Days on Market
112
Properties for Sale
Calculations provided by Reliance Network

9221 -9223 North Lake Drive SW History

Date Event Value Agent
6/25/2026Source: NWMLS Status Change
Pending
6/9/2026Source: NWMLS Status Change
Pending Inspection
6/6/2026Source: NWMLS Added to Database
June 06, 2026