This home's estimate is 42.3% higher than the average sale price ($346K) of 6 comparable homes.
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8801 Rose Rd SW, Lakewood, WA 98498
About this home
GREAT INVESTOR OPPORTUNITY! Duplex with 2 Homes & 2 Addresses - 8801 Rose Rd SW is a 1 story SFR with basement. 2 bed, 1 bath 1,392 sq ft. Main floor is 696 sq ft with 2 beds, 1 bath, large kitchen with lots of storage, living room; Covered Front & Rear Porches. Basement has 1 play room, Big Storage Space for shop or create more living space and the Washer/Dryer. Also in basement is a New Gas FA Furnace installed in 2013. 15308 Portland Ave SW is a 1 bedroom, 1 bath with kitchen, living rm, eating area, and washer/dryer. Gross rents of $1399 for 2 bed, $895 for 1 bedroom. Large fenced yard. Big corner lot. Listing agent has all the financials. At this price point, it's a great starter investment property. Don't miss this!

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Market trends in 98498, WA
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- $349,9502 beds1 bath696 sq ft9701 Hipkins Rd SW, Lakewood, WA 98498Jaden Hittle • Premier Real Estate Partners
- $565,5005 beds2 baths1,792 sq ft8711 Lawndale Ave SW, Tacoma, WA 98498Gael Whalen • Century 21 Blue Chip
- $399,9993 beds2 baths1,584 sq ft10128 100th Street Ct SW, Lakewood, WA 98498Megan Dickson • Elite Properties
- $575,0003 beds2.5 baths1,759 sq ft10023 Angle Ln SW, Lakewood, WA 98498Brent Tornquist • Windermere Prof Partners
- 3D WALKTHROUGH$520,0005 beds3.5 baths3,262 sq ft12703 Vernon Ave SW, Lakewood, WA 98498Spencer Gray • John L. Scott, Inc.
- $749,9003 beds3 baths2,636 sq ft7404 91st Avenue Ct SW, Lakewood, WA 98498Cedric Pour • Homes & Equity Real Estate Grp
- $498,7502 beds1 bath2,100 sq ft15202 Washington Ave SW, Tacoma, WA 98498Shelly McCombs • Pellego, Inc.
- $580,0004 beds1 bath1,496 sq ft8518 Mount Tacoma Dr SW, Tacoma, WA 98498Ryzen Martin • Real Broker LLC
- $599,9504 beds3 baths1,840 sq ft8712 Wildwood Ave SW, Lakewood, WA 98498Svetlana Baranchuk • Coldwell Banker Bain
- $499,9505 beds2 baths2,141 sq ft8858 81st Ave SW, Lakewood, WA 98498Isaac Schaefer • Realty One Group Turn Key
See all
Provided by Redfin
Sale history for 8801 Rose Rd SW
$1/sq ft
$1/sq ft
$188/sq ft
$199/sq ft
$117/sq ft
$120/sq ft
$123/sq ft
$36/sq ft
$23/sq ft
Tax history for 8801 Rose Rd SW
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 4
- Parking Features: RV Parking
- Open Parking Spaces: 4
- Has Open Parking
Interior
- Heating & Cooling
- Has Heating
- Interior Features
- Interior Features: Forced Air, Ceramic Tile, Hardwood, Laminate
- Flooring: Ceramic Tile, Hardwood, Laminate
Exterior
- Building Information
- Roof: Composition
- Exterior Features
- Exterior Features: Cement Planked, Wood
- Property Information
- Energy Source: Electric,Natural Gas
- Style Code: 52 - Duplex
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Property Condition: Good
- Land Information
- Possible Use: Residential
- Lot Information
- MLS Lot Size Source: County
- Site Features: Cable TV,Deck,Fenced-Partially,Gas Available,Outbuildings,RV Parking
- Zoning Jurisdiction: City
- Lot Features: Corner Lot, Curbs, Paved, Sidewalk
- Lot Size Units: Square Feet
- Lot Size Acres: 0.1446
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $3,190
- Tax Year: 2021
- Financial Information
- Listing Terms: Cash Out, Conventional
- Buyer Financing: Conventional
Utilities
- Utility Information
- Water Source: Public
- Water Company: Lakewood Water
- Power Company: PSE
- Sewer: Sewer Connected
- Sewer Company: Pierce County Sewer
- Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
- Water Sewer Garbage: 811
Location
- Multi-Family Financial Information
- Fuel Expense: $600
- Electric Expense: $400
- Insurance Expense: $1,000
- Net Operating Income: $18,590
- Gross Adjusted Income: 29302
- Gross Scheduled Income: $29,302
- Total Monthly Income: 2294
- Gross Rent Multiplier: 12
- Total Expenses: 10712
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 2
- Vacancy Rate: 5
- # of Units (Total): 2
- Furnished: Unfurnished
- School Information
- Elementary School: Buyer To Verify
- Middle Or Junior High School: Buyer To Verify
- High School: Buyer To Verify
- High School District: Clover Park
- Location Information
- Directions: I-5 Exit 123/W over RR tracks-straight on N Thorne Lane/road bends (becomes Portland Ave)follow to property on rignt
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 840
- Stories: 1.0
- Lot Size: 6,300 square feet
- Style: Single Family Residential
- Year Built: 1924
- Year Renovated: 1986
- County: Pierce County
- APN: 0219212054
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- Offers Review Date: Thursday, May 27, 2021
- On Market Date: Friday, May 21, 2021
- Green Information
- Power Production Type: Electric, Natural Gas
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 1832
- Building Area Total: 1832
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete, Slab
- Year Built Effective: 1971
- Effective Year Built Source: Public Records
- Structure Type: Duplex
- Stories Total: 1
Around this home
Schools
Public PreK-5 • Assigned • 0.3mi
Public 6-8 • Assigned • 2.1mi
Public 9-12 • Assigned • 3.2mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
7 unhealthy days expected this year, 8 days in 30 years
Sun exposure
In this area, properties receive around 8.9 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98498
Home values near 8801 Rose Rd SW
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 983 Sq. Ft. | $566,208 |
2 Beds | 1 Baths | 770 Sq. Ft. | $345,666 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1056 Sq. Ft. | $385,361 |
4 Beds | 2 Baths | 1680 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1008 Sq. Ft. | $398,500 |
4 Beds | 2 Baths | 1680 Sq. Ft. | $528,477 |
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