8303 John Dower Rd SW

Lakewood, WA 98499

$2,250,000
Price
16
Beds
8
Baths
6,066 Sq. Ft.
$371 / Sq. Ft.
6,066
Sq. Ft.
$371
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Listing provided courtesy of RE/MAX Northwest
Source: Northwest MLS

Description

Exceptional investment opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking,...Exceptional investment opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets.
  1. Listed by Tamara Paul • RE/MAX Northwest
    P: (253)-472-2122 tamara@TheTamaraPaulGroup.com

Property Details for 8303 John Dower Road Southwest

Community Name
Lakewood
School District
Lakewood
View
Territorial
Number of Assigned Spaces
10
Total Covered Parking
0
Entry Date
06-04-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 06/04/2026 09:13 AM

Property Details for 8303 John Dower Road Southwest

StatusActive
MLS #2530635
Days on Market4
Cumulative Days on Market4
Taxes$12,656 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.62 AC / 27,000 SF
CountyPierce County
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Location

Listing Courtesy of RE/MAX Northwest
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Building Information for 8303 John Dower Road Southwest

Stories1Residences8Year Built1962Building Size-Lot Size0.62 AC / 27,000 SF

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$12,267 per month

30 year fixed, 6.36% Interest

Principal and Interest

$11,212

Property Taxes

$1,055

HOA Dues

$0

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Property Information for 8303 John Dower Road Southwest

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 37 - Lakewood
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Lakewood Mid
  • High School: Lakewood High
  • Effective Year Built Source: Public Records
  • Directions: GPS friendly: 8303 JOHN DOWER RD SW; Lakewood, WA 98499
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Wall Furnace
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 16500
  • Power Company: TPU
  • Sewer Company: Pierce County Sewer
  • Water Company: Lakewood Water District
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Slab
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1985
  • Photos Count: 27
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Dimensions: 225x120
  • Lot Size Source: Realist
  • Parcel Number Free Text: 5230000295
  • Building Condition: Good
  • Calculated Square Footage: 6066
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6066.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 10
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 32132
  • Gross Adjusted Income: 130370
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $130,370
  • Insurance Expense: $2,976
  • Net Operating Income: $86,272
  • Other Expenses: $0
  • Total Monthly Income: 10710
  • Fuel Expense: $0
Unit 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 880
  • Rent Unit 1: $1,400.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 880
  • Rent Unit 2: $1,410.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 880
  • Rent Unit 3: $1,400.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 880
  • Rent Unit 4: $1,300.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 880
  • Rent Unit 5: $1,200.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 880
  • Rent Unit 6: $1,350.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 880
  • Rent Unit 7: $1,200.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 880
  • Rent Unit 8: $1,450.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6066.0

Property History for 8303 John Dower Road Southwest

DateEvent & SourcePriceAppreciation
Jun 4, 2026

Listed (Active)

NWMLS #2530635

$2,250,000—
DateEvent & SourcePrice
06/04/2026

Listed (Active)

NWMLS #2530635

$2,250,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8303 John Dower Road Southwest

Taxable ValueLand$283,300Additions$766,600Total$1,049,900
Tax Record2026$12,657 ($1,055 / month)
Home Facts
Total Finished SqFt1,516 SqFtAbove Ground SqFt1,516 SqFtStories1Lot Size27,000 SqFtStyleDuplexYear Built1962Year Renovated2013ZoningR3CountyPIERCEAPN5230000295

Schools near 8303 John Dower Road Southwest

This home is within Clover Park School District.
Rating
School
Type
Grades
Distance
Dower Elementary School
Public - PK to 5
Lochburn Middle School
Public - 6 to 8
Clover Park High School
Public - 9 to 12
Harrison Preparatory School
Public - 6 to 12
Rating
School
Distance
Dower Elementary School
PublicPK to 5

Lochburn Middle School
Public6 to 8

Clover Park High School
Public9 to 12

Harrison Preparatory School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8303 John Dower Road Southwest, Lakewood, WA 98499

8303 John Dower Road Southwest is a multi-family home for sale in Lakewood, WA 98499. This property was listed for sale on June 4, 2026 by RE/MAX Northwest, it's currently listed at $2,250,000. This listing's school district is Clover Park School District. Nearby schools include Dower Elementary School, Lochburn Middle School and Clover Park High School. 8303 John Dower Road Southwest is a 16-bed, 8-bath, 6,066 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Northwest

Based on information submitted to the MLS GRID as of 06/04/2026 09:13 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.