8502-8508 Berkeley Ave SW

Lakewood, WA 98498

$725,000
Price
6
Beds
4
Baths
2,376 Sq. Ft.
$305 / Sq. Ft.
2,376
Sq. Ft.
$305
per Sq. Ft.
front view of house with a porch
front view of a house with a yard
a front view of a house with a yard
a view of a house with a yard and large tree
a front view of a house
a view of an empty room with wooden floor and a window
a view of a kitchen with wooden floor and a refrigerator
a view of a kitchen with a sink a refrigerator and window
a kitchen with white cabinets and white appliances
a view of a room with wooden floor and doors
a view of a big room with wooden floor and doors
a bathroom with a sink a toilet and a bathtub
an empty room with wooden floor and windows
wooden floor in an empty room with a window
a view of a house with backyard and sitting area
a view of a forest with trees in the background
a view of a yard with a tree
a view of a house with backyard porch and sitting area
a view of a house with a yard
Listing provided courtesy of Commencement Bay Brokers LLC

Description

FULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof, new electrical, and new plumbing are highlighted by updated flooring, kitchen, bedrooms, and baths. Plenty of parking and quiet, private backyard space. Successful track record for rented units. Fantastic location for commuters, those who work at JBLM and Madigan, and near the Lakewood Sounder station. Unit 3 is available to view; all others are tenant occupied. Unit 3 gives accurate representation of...FULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof, new electrical, and new plumbing are highlighted by updated flooring, kitchen, bedrooms, and baths. Plenty of parking and quiet, private backyard space. Successful track record for rented units. Fantastic location for commuters, those who work at JBLM and Madigan, and near the Lakewood Sounder station. Unit 3 is available to view; all others are tenant occupied. Unit 3 gives accurate representation of the quality of the remodel in all units.

Property Details for 8502-8508 Berkeley Avenue Southwest

Community Name
American Lake
School District
Clover Park
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
07-24-2025
Energy Source
Electric
Sewer
Available, Sewer Connected
LISTING UPDATED: 11/23/2025 09:28 AM

Property Details for 8502-8508 Berkeley Avenue Southwest

StatusActive
MLS #2412404
Days on Market142
Cumulative Days on Market110
Taxes$6,815 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.22 AC / 9,375 SF
CountyPierce County

Location

Listing Courtesy of Commencement Bay Brokers LLC
Add your commute

Building Information for 8502-8508 Berkeley Avenue Southwest

Stories1Residences4Year Built1959Building Size-Lot Size0.22 AC / 9,375 SF

Payment Calculator

$4,150 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,582

Property Taxes

$568

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8502-8508 Berkeley Avenue Southwest

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV
  • Area: 41 - Lakewood/Tillicum
  • Block: 15
  • Elementary School: Tillicum Elem
  • Middle Or Junior School: Woodbrook Mid
  • High School: Clover Park High
  • Effective Year Built Source: Public Records
  • Directions: I-5 Berkeley exit and follow Berkeley west to 4-plex on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • 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: Ceramic Tile, Vinyl Plank
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Brick
  • Roof: Composition
Property
Utilities
  • Water Source: Public, See Remarks
  • Water/Sewer/Garbage: 168
  • Power Company: PSE
  • Sewer Company: Pierce Co
  • Water Company: Lakewood Water Dist
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Slab
  • First Right Of Refusal: false
  • MLS Square Footage Source: Tax Record
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1997
  • Photos Count: 19
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 125'x75'x125'x75'
  • Lot Number: 1
  • Lot Size Source: Tax Record
  • Parcel Number Free Text: 2200000150
  • Calculated Square Footage: 2376
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2376.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 1
  • Vacancy Rate: 8
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $812
  • Total Expenses: 10231
  • Gross Adjusted Income: 54648
  • Gross Rent Multiplier: 13.5
  • Gross Scheduled Income: $59,400
  • Insurance Expense: $2,436
  • Net Operating Income: $44,417
  • Other Expenses: $0
  • Total Monthly Income: 4950
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 2376
  • Rent Unit 1: $1,100.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 3
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Rent Unit 2: $1,350.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 2
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Rent Unit 3: $1,100.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Rent Unit 4: $1,400.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2376.0

Property History for 8502-8508 Berkeley Avenue Southwest

DateEvent & SourcePriceAppreciation
Jul 24, 2025

Listed (Active)

NWMLS #2412404

$799,000—
Nov 24, 2015

Sold

NWMLS #756395

$251,175—
Jul 8, 2015

Pending

NWMLS #756395

—
Mar 20, 2015

Listed (Active)

NWMLS #756395

$255,000—
DateEvent & SourcePrice
07/24/2025

Listed (Active)

NWMLS #2412404

$799,000
11/24/2015

Sold

NWMLS #756395

$251,175
07/08/2015

Pending

NWMLS #756395

—
03/20/2015

Listed (Active)

NWMLS #756395

$255,000

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

Schools near 8502-8508 Berkeley Avenue Southwest

This home is within Clover Park School District.
Rating
School
Type
Grades
Distance
Tillicum Elementary School
Public - PK to 5
Woodbrook Middle School
Public - 6 to 8
Clover Park High School
Public - 9 to 12
Meriwether Elementary
Public - PK to 5
Rating
School
Distance
Tillicum Elementary School
PublicPK to 5

Woodbrook Middle School
Public6 to 8

Clover Park High School
Public9 to 12

Meriwether Elementary
PublicPK to 5

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 8502-8508 Berkeley Avenue Southwest, Lakewood, WA 98498

8502-8508 Berkeley Avenue Southwest is a multi-family home for sale in Lakewood, WA 98498. This property was listed for sale on July 24, 2025 by Commencement Bay Brokers LLC, it's currently listed at $725,000. It has been on the market for a total of 142 days and was last sold on November 24, 2015. This listing's school district is Clover Park School District. Nearby schools include Tillicum Elementary School, Woodbrook Middle School and Clover Park High School. 8502-8508 Berkeley Avenue Southwest is a 6-bed, 4-bath, 2,376 sqft multi-family home built in 1959.

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 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 Commencement Bay Brokers LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/13/2025 07:33 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.