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Updated Brick Fourplex
For Sale
Contact for pricing
Pending

9212 Kenwood Drive SW, Lakewood, WA 98498

Updated four-unit property with on-site laundry, a separate garage, and landscaped outdoor areas.

Property SizeContact for details
Days on Market145

Property Features for 9212 Kenwood Drive SW

General Information

Standard status Pending
Property subtype Mixed Use
Occupancy 100%

Units

Unit Mix 1 x 2BR, 3 x 1BR
Multifamily Units 4

Additional Details

Highway Access Yes

Amenities

coin-op laundry
grassy yard

Building Details

Buildings 1
Construction clinker-brick
Tenancy Multi
Listing Agency: Coldwell Banker BAIN Tacoma
Listed By: Michael Flynn · License #WA
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 3:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker BAIN Tacoma

Investment Insights

Based on property information with market context.

This clinker-brick fourplex contains one 2-bdrm unit and three 1-bdrm units, along with a separate 490 sq. ft. garage. All four residential units are currently rented, while the garage is vacant. A dedicated laundry room includes coin-operated washer and dryer equipment.

Recent work addressed flooring, bathroom fixtures, plumbing, electrical systems, paint, and other unit updates. Gas service supports heating and cooking. Exterior grassy areas extend along the east and south sides of the parcel, with mature trees providing a shaded setting for outdoor use.

The property is within walking distance of American Lake Park and offers access to shopping, medical services, and freeways in Lakewood, Washington.

Key Highlights

  • Fourplex with one 2‑bdrm Unit and three 1‑bdrm Units
  • All four Units are currently rented
  • Separate 490 sq. ft. Garage, currently unrented

Property Analytics

Current Use

THE STOP Corporate Office

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office Pharmacy Kitchen & Bath Showroom Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

152
Businesses Nearby

Demographics for 98498, WA

29,982
Population
12,842
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
3,028
Density / Sq Mi
$88,382
Median Household Income
$50,994
Median Earnings
$1,604
Median Rent
$458,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Updated four-unit property with on-site laundry, a separate garage, and landscaped outdoor areas.
Where is this quadplex located?
The property is located at 9212 Kenwood Drive SW Lakewood, WA.
What are key features of this property?
This property features: Fourplex with one 2‑bdrm Unit and three 1‑bdrm Units; All four Units are currently rented; Separate 490 sq. ft. Garage, currently unrented
More about this property
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