MULTI FAMILY REAL ESTATE IN LAKEWOOD WA

LAKEWOOD MULTI FAMILY REAL ESTATE LISTINGS | DUPLEXES TRIPLEX 4-PLEX

 

 

LAKEWOOD MULTI FAMILY REAL ESTATE

12403 SW Edgewood Avenue, Lakewood
$715,000
2591137 MLS ⋅ ACTIVE Status
Family- Friendly Duplex minutes from American Lake! Welcome home to this newly remodeled duplex offering comfort, space and convenience for the whole family. Unit 12403 has 3 bedrooms, 1 bath and Unit 12405 has 3 bedrooms with 1.75 bath, both units have 2 family rooms, a dedicated office room and a bright galley kitchen with a cozy eat- in dining with wood burning fireplace. the spacious living room around the wood burning fireplace or enjoy movie nights in the bonus recreation room downstairs. Each unit lives like a single- like a single-family home with its own attached one -car garage. Outside, a private fenced yard gives kids and pets plenty of room to play, and the attached one-car garage adds extra storage and easy access. Fully renovated in 2026, spent over 125k, this home is just minutes away from beautiful American Lake, local parks and great schools, a wonderful place to set down roots and create lasting memories. Offers excellent Investment!!!

12403 SW Edgewood Avenue, Lakewood

Listing Broker: RealTrust Properties; Uma D Chand; 206-920-8611; chanduc@live.com

9417 Winona Street SW, Lakewood
$749,000
2579878 MLS ⋅ ACTIVE Status
Move-in ready and freshly updated! This beautifully remodeled duplex offers modern finishes throughout — newer flooring, updated cabinets and countertops, and other updated touches make this property stand out. Tucked into a quiet, established Lakewood neighborhood, you’re minutes from JBLM, top-rated schools, shopping, and dining, with easy access to I-5, SR 512, and the Sounder train. Whether you’re an investor looking for a turnkey rental or a buyer wanting extra income potential, this property checks every box: recently updated, low-maintenance, and ideally located. Don't miss out on this investment opportunity.

9417 Winona Street SW, Lakewood

Listing Broker: eXp Realty; Holly Bradley; 206-718-7015; info.yourhomeinwashington@gmail.com

8605 MAPLE Street SW, Lakewood
$479,000
2574540 MLS ⋅ ACTIVE Status
INVESTOR SPECIAL. Buy and hold! Rare detached duplex featuring TWO independent homes on one lot. No shared walls or shared heating systems. Separate electric meters. Main house perfect for owner-occupant; private back house perfect for tenant/income. Sewer available in street out front. This property is close to local park with sport areas and fishing, schools, convenience food, fuel and JBLM! Public Transportation is right out front!

8605 MAPLE Street SW, Lakewood

Listing Broker: TAC Real Estate Group; Teedi Kelly; 253-449-7634; teedik.tacregrp@gmail.com

6323 100th Street SW, Lakewood
$549,999
2572297 MLS ⋅ ACTIVE Status
Fantastic 4-unit investment opportunity! The vacant unit was previously owner-occupied, presenting a perfect house-hacking setup or high-yield rental potential. The 3 currently occupied units offer a 5.5% cap rate with a 6.7% Pro Forma cap rate. All tenants are currently month-to-month. Choose to occupy the vacant unit yourself or lease it out for maximum cash flow. Conveniently located near JBLM, Lakewood Town Center, local hospitals, major freeways, UW Tacoma, and PLU. 2 bed rents for $1800, Currently 1 bed rents for $1400, 1 bed rents for $900

6323 100th Street SW, Lakewood

Listing Broker: Premier Real Estate Partners; Fredrick Alfred Briddle Jr; 360-888-4091; freddythedreamcatcher@gmail.com

8303 John Dower Road SW, Lakewood
$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 Broker: RE/MAX Northwest; Tamara Paul; 206-226-5869; tamara@TheTamaraPaulGroup.com

8311 Lake Street SW, Lakewood
$649,999
2555073 MLS ⋅ ACTIVE Status
Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.

8311 Lake Street SW, Lakewood

Listing Broker: Every Door Real Estate; Indy Basra; 206-605-7556; indyb@everydoorrealestate.com

2604 92nd Street S Unit #A/B, Lakewood
$580,000
2544523 MLS ⋅ ACTIVE Status
Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.

2604 92nd Street S Unit #A/B, Lakewood

Listing Broker: COMPASS; Jim Swanson; ; jim.swanson@compass.com

8601 8603 Maple Street SW, Lakewood
$599,900
2544520 MLS ⋅ ACTIVE Status
Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, & vinyl flooring in the kitchen, bath, & laundry areas. The lower unit also offers 2 bedrooms & 1 bath with laminate and vinyl flooring throughout, & has new stove and dishwasher. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill & passed through to tenants along with utilities. The furnace & water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential & may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

8601 8603 Maple Street SW, Lakewood

Listing Broker: COMPASS; Jim Swanson; ; jim.swanson@compass.com

5607 76th Street W, Lakewood
$930,000
2541782 MLS ⋅ ACTIVE Status
HUGE REDUCTION! Turnkey investment opportunity in one of Lakewood's most sought-after rental pockets. This well-maintained fourplex features four 2BD/1BA units with in-unit washer/dryers. Three units are remodeled, leaving the fourth for immediate value-add upside. Excellent location just minutes from Joint Base Lewis-McChord (JBLM), Mount Tahoma High School, and Interstate 5. The property offers strong rental demand. Ample off-street parking and private patios complete an already compelling package. A rare chance to step into a largely stabilized asset with built-in growth potential - whether you're a seasoned investor or expanding your portfolio.

5607 76th Street W, Lakewood

Listing Broker: Every Door Real Estate; Julia Kim-Cutts; 253-820-1916; juliak@everydoorrealestate.com

11002 Idlewild Road SW, Lakewood
$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 Broker: Keller Williams Rty Tacoma; Matt Harber; 253-229-1329; matt@harberhomegroup.com

12413 Bridgeport Way SW, Lakewood
$1,650,000
2525348 MLS ⋅ PENDING Status
MOTIVATED SELLER! $117K PER UNIT & 6.93% CAP RATE | Gen Villas is a cash-flowing value-add 14-unit apartment community situated on 2.62 acres in a serene creek-side setting surrounded by lush greenery in Lakewood, located less than 2 miles from Joint Base Lewis-McChord, Pierce County’s largest employer. The property consists of 14 units across two separate buildings: a 6-unit building located at the front of the property, originally constructed in 1972, and an 8-unit building situated at the rear of the property, built in 1955. The unit mix includes one 4-bedroom / 3-bathroom unit, one 3-bedroom / 1-bathroom unit, three 2-bedroom / 1-bathroom units, and nine 1-bedroom / 1-bathroom apartments. Seven units at the property have been updated to a similar finish level as photographed in Unit 5, featuring luxury vinyl plank flooring, fresh interior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the remaining 7 units and increase rents approximately 17% to market. A Additionally, Units 1, 2, and 4 include in-unit washer and dryer stacks, while the remaining units benefit from access to an on-site community laundry facility. Residents benefit from an ample supply of off-street parking, including 6 carports and 3 surface parking stalls serving the front building, as well as an additional 16 surface parking stalls designated for the rear building.

12413 Bridgeport Way SW, Lakewood

Listing Broker: Blake Investment Advisors; Gabe Blake; 206-618-2207; gabe@blakeia.com

4902 111th Street SW, Lakewood
$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 Broker: HDN Real Estate; Hau Nguyen; 206-304-0317; hdn.realty@gmail.com

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