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$1,050,000
Listing Price2beds
2baths
4,551sqft
23,000sqft lot
8314 Spruce Street Sw, Lakewood, WA 98498
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
Interior Details
4551
2
2
Has Heating:
Yes
Heating Type:
Forced Air With Air Conditioning
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
Basement (unspecified)
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
23000
Yes
Yes
Type:
Garage, Detached
Location:
N/A
Status:
N/A
Number of Spaces:
15
No
No
No
No
Yes
No
No
Construction Details
N/A
Brick
N/A
N/A
Composition Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$7,792
$119,100
$529,300
--%
$648,400
2020
$7,792
$85,800
$490,700
--%
$576,500
2019
$6,234
$78,800
$440,400
--%
$519,200
2018
$6,478
$57,000
$380,600
--%
$437,600
2017
$6,290
$51,200
$358,100
--%
$409,300
2014
$2,569
$37,200
$281,000
--%
$318,200
2014
$2,569
$37,200
$249,600
--%
$286,800
2012
$2,653
$47,000
$240,400
--%
$287,400
Average Home Price in 98498
Nearby Properties
Zip Code
Price
Bed
Bath
Sqft
Lot
Sold Date
$1,050,000
$1,050,000
2 Beds
2 Baths
4,551 Sqft
23,000 Lot (sqft)
Sold 11/15/2025
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Details for 8314 SPRUCE ST SW
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Tacoma’s real estate market shows a notable growth trend from late 2023 to mid-2024, with property values, sale prices and value per sqft all rising. The market is active and competitive, favoring sellers but posing a challenge for buyers. #RealEstateMarket #Tacoma
