Lakewood, WA 98498 8502 8508 Berkeley Avenue SW
$775,000
14 more
Presented By: Commencement Bay Brokers LLC and NWMLS
- MLS# 2412404
- 07/24/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,376
Home Details
FULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof, new electrical, and new plumbing are highlighted by updated flooring, kitchen, bedrooms, and baths. Plenty of parking and quiet, private backyard space. Successful track record for rented units. Fantastic location for commuters, those who work at JBLM and Madigan, and near the Lakewood Sounder station. Unit 3 is available to view; all others are tenant occupied. Unit 3 gives accurate representation of the quality of the remodel in all units.
Presented By: Commencement Bay Brokers LLC and NWMLS
Interior Features for 8502 8508 Berkeley Avenue SW
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 8502 8508 Berkeley Avenue SW
Building Area UnitsSquare Feet
Building NameAmerican Lake
Cap Rate5.5
Carport Spaces
Carport Y/NNo
CityLakewood
CoolingNone
CountyPierce
DirectionsI-5 Berkeley exit and follow Berkeley west to 4-plex on the left.
Electric Expense812
Elementary SchoolTillicum Elem
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Forced Air
High SchoolClover Park High
High School DistrictClover Park
Insurance Expense2436
Leasable Area2376
Listing TermsCash Out, Conventional
Lot Size Square Feet9375
Lot Size UnitsSquare Feet
MLS Area41 – Lakewood/Tillicum
Middle/Junior High SchoolWoodbrook Mid
ModificationTimestamp2025-09-19T20:58:10.852Z
NWM_ShowMapLinkY
Net Operating Income44417
New ConstructionNo
Number Of Units Total4
Open Parking Spaces0
PossessionClosing, Subject to Tenant Rights
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksFULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof, new electrical, and new plumbing are highlighted by updated flooring, kitchen, bedrooms, and baths. Plenty
RoofComposition
Senior Community Y/NNo
SewerAvailable, Sewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameAmerican Lake
Tax Annual Amount6815
Tax Year2025
Units Below Gradefalse
Units In Building Total4
Water CompanyLakewood Water Dist
Water Sewer Garbage168
Year Built1959
Exterior for 8502 8508 Berkeley Avenue SW
Building Area Total2376
Covered Spaces
Exterior AmenitiesBrick
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Dimensions125’x75’x125’x75′
Lot FeaturesPaved
Lot Number1
Lot Size Acres0.2152
Parking Uncovered Spaces0
Site FeaturesCable TV
Total Parking4
Water SourcePublic, See Remarks
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Clover Park High
Elementary School
Tillicum Elem
Middle School
Woodbrook Mid
Josh QA1
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