Listing provided courtesy of RE/MAX NorthwestNWMLSas Distributed by MLSGrid- MLS# NWM2534085MLS Provider

8701 72nd Avenue Ct SWLakewood, WA 98499

Multi-Family · 4 Beds · 2,870 Sq. ft. | 0.28 Acres
$649,500 Active

8701 72nd Avenue Ct SW Overview

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Rare opportunity to own a well-maintained duplex tucked against a peaceful greenbelt and wildlife corridor, offering a unique blend of privacy, nature, and income potential. Backing to a year-round creek and protected natural surroundings, this property provides a serene setting where deer and local wildlife are frequent visitors. ** The upper residence offers a spacious and thoughtfully updated layout with 2 bedrooms, an office, fireplace, in unit laundry room w/W/D hookup + 1.5 baths w/private deck. Upgrades include granite countertops, newer cabinetry, laminate flooring, beautiful porcelain tile, vinyl windows and hot water heater (2024). ** The lower residence includes 2 bedrooms and 1 bath with fireplace, extra large in unit laundry w/W/D hookup, private patio, plus new hot water tank and new kitchen appliances (2024). Each unit has its own garage and access to the tranquil natural setting beyond. ** Whether you're an investor seeking a turnkey income property or an owner-occupant looking to offset your mortgage with rental income, this duplex offers flexibility + long-term value. Live in one unit while generating income from the other, or add a solid performer to your investment portfolio. New interior / exterior paint, 2024 new roof. ** Ideally located near Lake Steilacoom, shopping, dining, parks, and Lakewood Towne Center. A rare combination of nature, functionality, and investment opportunity in a well kept neighborhood. Must see this beautiful, turnkey duplex!

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8701 72nd Avenue Ct SW Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,870
  • Price/Sq.ft. $226
  • Lot 0.28 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Lakewood
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 1297
  • Electric Expense: 450
  • Fuel Expense: 0
  • Gross Scheduled Income: 43980
  • Insurance Expense: 2978
  • Net Operating Income: 28503
  • Total Expenses: 14598
  • Total Monthly Income: 3665
  • Water/Sewer/Garbage: 3696

Building Information

  • New Construction: No
  • Year Built: 1967

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 39 - Lakewood
  • Subdivision Name: Lakewood

Tax Information

  • Tax Annual Amount: $6,177.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Farm Home Loan, FHA, VA Loan
  • Parcel Number: 0220341222
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2870
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2870
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2870
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas,Wood
  • Security Features: Partially Fenced
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: RV Parking
  • Parking Total: 6
  • Parking Uncovered Total: 6

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac, Paved
  • Lot Size Acres: 0.28
  • Lot Size Square Feet: 12196
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings, Patio, RV Parking
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1680
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1985
  • Beds Total: 2
  • Baths Total: 2

8701 72nd Avenue Ct SW Neighborhood

Community

98499 (Lakewood) Demographics

33
Median Age
3,254
Population Density (per sq. mile)
30%
College Educated
$50,037
Estimated Median Income
4,435
Estimated Total Home Owners
8,688
Estimated Total Renters
34% / 66%
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.

8701 72nd Avenue Ct 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.

8701 72nd Avenue Ct SW Market Data

Based on the last 30 days in this zip code

$633,602
Average List Price
$301
Average Price per Square Foot
17
Properties Sold
72
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

8701 72nd Avenue Ct SW History

Date Event Value Agent
6/11/2026Source: NWMLS Added to Database
June 11, 2026