Charming Craftsman on over half an acre in an incredible Lakewood location! Situated directly across the street from Harry Todd Park and beautiful American Lake, this property offers the perfect blend of character, space, and opportunity. Zoned MF2, opens up the possibility for future multi-family development options. Inside, you'll find fresh interior paint, updated bathrooms, a spacious living room with a cozy gas fireplace, and a large dining area that's perfect for gathering. The beautifully updated kitchen offers abundant NEW cabinets and countertops + new stainless steel appliances, for everyday living and entertaining. The flexible floor plan features two bedrooms upstairs along with a full bath and den/office (or possible 5th bedroom!), while the lower level includes two additional bedrooms and another full bath—ideal for guests, multi-generational living, or a home office. Outside, enjoy a fully fenced yard, generous off-street parking from both the front and rear of the property, and plenty of room to garden, play, or expand. Updated electrical for peace-of-mind. Zoned multifamily, this rare property offers exciting possibilities for homeowners, investors, or future development—all just moments from parks, lake access, shopping, dining, and JBLM.