Quick Lakewood WA MLS Search

Browse All 55 - 5-9 Units Style Properties for Sale

$2,137,500
2555633 MLS ⋅ ACTIVE Status
**ALERT** Investment Opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets. All kitchen appliances stay, washer/dryer hook ups in all units!

8303 John Dower Road SW, Lakewood

Listing courtesy of RE/MAX Northwest.

$2,100,000
2535832 MLS ⋅ ACTIVE Status
Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.

11002 Idlewild Road SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma.

$1,650,000
2497467 MLS ⋅ ACTIVE Status
Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.

4902 111th Street SW, Lakewood

Listing courtesy of HDN Real Estate.

$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.

$1,500,000
2257976 MLS ⋅ SOLD Status
Westland Apartments are strategically located just four blocks away from Pierce County Transit. The property has been significantly upgraded to leverage its excellent location and future growth potential. Comprehensive exterior renovations were completed in 2020. Eight of the eight units have been remodeled with new appliances, flooring, cabinets, countertops, fixtures, roofing, and water heaters. Enjoy easy access to I-5 and State Route 512 interchange. Within a 15-minute drive to key locations such as JBLM, the Washington National Guard State Headquarters at Camp Murray, and Madigan Army Hospital.

6124 88th Street SW, Lakewood

Listing courtesy of Westlake Associates, Inc.. Selling Office: ZNonMember-Office-MLS.

$2,042,000
2256676 MLS ⋅ SOLD Status
Built-in 2017 and owned by the original developer, Clover Crest Townhomes are a 7-unit community sitting on the doorstep of Interstate 5 and Bridgeport Way. Each unit holds a spacious 3-story layout containing 2 bedrooms 2.5 baths and roughly 1,554 SF. Holding modern interior finishes that include stainless steel appliances, stone surface countertops, and in-unit washer/dryer, the Clover Crest townhomes have a history of extremely low vacancy (2-3%) and is well positioned to attract higher quality residents from the local market. Offered to investors at $2,100,000, Clover Crest represents a unique opportunity to own new construction in a supply constrained market.

5115 Solberg Drive SW, Lakewood

Listing courtesy of Kidder Mathews. Selling Office: Windermere Bellevue Commons.

$1,025,000
2223595 MLS ⋅ SOLD Status
Three brick duplexes on one parcel. Lovely setting situated in a strong residential neighborhood. Currently under market rents at $1,150 per unit. Rent increases in progress to $1,250 per unit. Very private with beautiful gardens. Owner financing with 25% down, 30 year amortization, 6% interest, with a 5 year call. This property is in good condition with excellent potential.

9502 Whitman Avenue SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Skyline Properties, Inc..

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Lakewood 55 - 5-9 Units Style Real Estate & Homes

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