Lakewood, WA 98498 14312 Thorne Lane SW # 15
$2,900,000
19 more
Presented By: Keller Williams Realty PS and NWMLS
- MLS# 2435887
- 09/22/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 10,620
Home Details
Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!
Presented By: Keller Williams Realty PS and NWMLS
Interior Features for 14312 Thorne Lane SW # 15
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories2
General for 14312 Thorne Lane SW # 15
AmenitiesSee Remarks
Building Area UnitsSquare Feet
Cap Rate5.2
Carport Spaces
Carport Y/NNo
CityLakewood
CoolingNone
CountyPierce
DirectionsN/S I-5 take 122B/Thorne Ln, 122A/Berkeley St exit. West on N Thorne Ln. At Woodlawn St SW, Right/North. Drive approx 1 mile, turn right on west thorne ln sw. End of street.
Electric Expense2734
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High School DistrictLakewood
Insurance Expense12922
Leasable Area10620
Listing TermsCash Out, Conventional
Lot Size Square Feet17860
Lot Size UnitsSquare Feet
MLS Area41 – Lakewood/Tillicum
ModificationTimestamp2025-09-23T01:46:10.974Z
NWM_ShowMapLinkY
Net Operating Income152962
New ConstructionNo
Number Of Units Total9
Open Parking Spaces14
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property ConditionAverage
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksOpportunities 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
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameAmerican Lake
Tax Annual Amount21758
Tax Year2025
Unit Number15
Units Below Gradefalse
Units In Building Total9
ViewLake
Water Sewer Garbage11848
Waterfront FeaturesLake
Year Built1999
Zoning DescriptionMulti-Family
Exterior for 14312 Thorne Lane SW # 15
Building Area Total10620
Covered Spaces
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAdjacent to Public Land, Corner Lot
Lot Size Acres0.41
Parking Uncovered Spaces14
Site FeaturesBoat House, Dock, Fenced-Partially, Gas Available, Outbuildings, Patio
Total Parking14
Water SourceIndividual Well
Waterfront Y/NYes
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®