Bought with: Timber Real Estate
$2,100,000
$2,725,000
22.9%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
7,716 SqFt
SOLD DATE : 05/12/2026
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,716 sqft
Price per Sqft $272
Subdivision American Lake
MLS Listing ID 2498457
Sold Date 05/12/26
Style 55 - 5-9 Units
Bedrooms 1
Year Built 1999
Annual Tax Amount $21,758
Lot Size 0.410 Acres
Property Sub-Type Multi Family
Property Description
Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!
Location
State WA
County Pierce
Area 41 - Lakewood/Tillicum
Interior
Flooring Laminate, Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Boat House, Dock, Fenced-Partially, Gas Available, Outbuildings, Patio
Waterfront Description Lake
View Y/N Yes
View Lake
Roof Type Composition
Building
Lot Description Adjacent to Public Land, Corner Lot
Sewer Septic Tank
Water Individual Well
New Construction No
Schools
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations