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$1,220,000
4 Beds ⋅ 3 Baths ⋅ 2488240 MLS ⋅ SOLD Status
Gorgeous American Lake Waterfront Parcel with two homes on it! Value is in the land and rental income while remodeling or tearing down the original home in average condition. Amazing, sunny southward facing approx. 120 ft of no bank lakefront with a dock! The sprawling home has over 4100 sq. ft. of space, with views from all the main rooms across the home facing south, as well as a nice deck & large patio overlooking the lake and lovely Mt Rainier views. Large rustic beamed living room, white kitchen, bonus family room and the primary BR make up the main floor. Upstairs is two generous bedrooms & a bath, plus an unfinished space that could be another bath? Downstairs boasts the 4th BR, a spacious rec room & another 3/4 bath. Just past the deck is the large lawn leading down to the no bank gravel beach, dock and storage cabana near the shore... it's dreamy! There's a two car carport, an upper garage that is currently a shop, and a lower garage on the east of the home. There is separate 884 square foot, 2 BR, 1 BA home built in 1941 facing American Ave that is a part of this parcel. It should rent for $2000 a month. The total land parcel is .64 acres, with a long paved driveway leading down to the main home. Simply a lovely piece of American Lake Waterfront!

9832 American Avenue SW, Lakewood

Listing courtesy of RE/MAX Northwest. Selling Office: COMPASS.

$2,100,000
2498457 MLS ⋅ SOLD Status
Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!

14312 Thorne Lane SW Unit #15, Lakewood

Listing courtesy of Keller Williams Realty PS. Selling Office: Timber Real Estate.

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