8409 Washington Boulevard SW, Lakewood, WA, 98498
About This Home
Attention Developers and Investors: Prime 1.12-acre development opportunity on a main arterial with R4 zoning—potential for up to 17 units! Ideal for investors and builders, this level, wooded parcel offers dual access from both Washington Blvd and Moreland, maximizing design flexibility and access. Existing structures include 2 homes, carports, and a large shop—perfect for staging, planning, or rental income during permitting. Don’t miss this rare chance to unlock serious value in a growing area!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1923
Type & Style
- Home type: SingleFamily
- Architectural style: 2 Stories w/Bsmnt
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Water Heater: Gas,Water Heater Location: Basement
Basement
- Has basement: Yes
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Flooring: Hardwood
Heating & Cooling
- Heating features: Forced Air,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 1,826
- Total interior livable area: 2,426 sqft
Property
Details
- Parcel number: 5005001820
- Zoning: R4
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Water Heater
- Topography of land: Level
- Residential vegetation: Fruit Trees,Garden Space,Wooded
Lot
- Lot size: 1.12 Acres
- Features: Dead End Street,Paved,Sidewalk,Value In Land,Fenced-Partially,Gas Available,Outbuildings,Patio,RV Parking,Shop
Parking
- Total spaces: 8
- Parking features: Detached Carport,Driveway,Detached Garage,Off Street,RV Parking
- Has garage: Yes
- Covered spaces: 8
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,056 | $60,672 |
| Home Insurance * | $264 | $3,168 |
| Property Taxes | $382 | $4,584 |
| Electricity | $165 | $1,991 |
| Total | $5,867 | $70,404 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-02 | Price change | $1,000,000 |
| 2026-01-02 | Listed for sale | $1,300,000 |
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