$2,725,000

0 Beds 0 Baths 10,620 SQFT 0.41 Acres

Type: Multi-Family

14312 Thorne Lane SW # 15
Lakewood, WA 98498

MLS#: 2435887

Presented by: Keller Williams Realty PS and NWMLS

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!

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringLaminate, Vinyl Plank

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories2

General

AmenitiesSee Remarks

Building Area Units0 sqft

Cap Rate5.2

Carport Spaces0

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 Expense0

HOANo

HOA Fee$0

HeatingForced Air

High School DistrictLakewood

Insurance Expense12922

Leasable Area10,620 sqft

Listing TermsCash Out, Conventional

Living Area0 sqft

Lot Size Square Feet17,860 sqft

Lot Size UnitsSquare Feet

MLS Area41 - Lakewood/Tillicum

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 Amount$21,758

Tax Year2025

Unit Number15

Units Below Gradefalse

Units In Building Total9

ViewLake

Water Sewer Garbage11848

Waterfront FeaturesLake

Year Built1999

Zoning DescriptionMulti-Family

Exterior

Building Area Total10,620 sqft

Covered Spaces0

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

Schools

High School N/A

Middle School N/A

Elementary School N/A

Similar Properties

$2,725,000

0 Beds 0 Baths 10,620 SQFT 0.41 Acres

Type: Multi-Family

14312 Thorne Lane SW # 15
Lakewood, WA 98498

MLS#: 2435887

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Property

$2,725,000

14312 Thorne Lane SW # 15Lakewood, WA 98498

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,725,000

14312 Thorne Lane SW # 15Lakewood, WA 98498

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14312 Thorne Lane SW # 15
Lakewood, WA 98498

14312 Thorne Lane SW # 15
Lakewood, WA 98498