Lakewood Homes with Average Building Condition

Lakewood Homes with Average Building Condition

Lakewood: A Charming City in Pierce County, Washington

Located in Pierce County, Washington, Lakewood is a charming city that offers a wonderful blend of natural beauty and urban amenities. Situated in the heart of the Pacific Northwest, Lakewood is known for its picturesque landscapes, vibrant community, and a wide range of housing options.

For those seeking homes with an average building condition, Lakewood has plenty to offer. Whether you're looking for a cozy bungalow or a spacious family home, you'll find a variety of options that suit your needs. The city boasts a diverse real estate market, with properties ranging from historic houses to modern townhomes. Many of these homes have been well-maintained, ensuring a comfortable living experience for residents.

Aside from its housing options, Lakewood offers a plethora of amenities and attractions. The city is home to beautiful parks and green spaces, such as Fort Steilacoom Park and American Lake Park, where residents can enjoy outdoor activities and recreational opportunities. Lakewood also boasts a vibrant arts scene, with galleries, theaters, and cultural events that showcase local talent.

Conveniently located near major highways, Lakewood provides easy access to neighboring cities like Tacoma and Seattle. This makes it an ideal choice for those who work or commute to these areas. Additionally, the city is home to Joint Base Lewis-McChord, providing employment opportunities and a strong military presence.

With its prime location, natural beauty, and diverse housing options, Lakewood is a city that offers something for everyone. Whether you're a nature enthusiast, an art lover, or simply looking for a comfortable place to call home, Lakewood is definitely worth considering.

Newest Lakewood Homes with Average Building Condition

$525,000
4 Beds ⋅ 3 Baths ⋅ 2561472 MLS ⋅ ACTIVE Status
Packed with potential & nestled in a quiet neighborhood w/ no HOA, this 2290 sf home offers a versatile floor plan & timeless features. Step inside to a seamless floor plan designed for comfortable living and effortless entertaining. Off the entry, the formal living room welcomes you w/ a large bay window that fills the space with natural light, a cozy wood-burning fireplace, and French doors leading to the bkyd. Across the foyer, the formal dining room easily accommodates an entertainment-sized table. Galley-style kitchen features Corian counters and backsplash, breakfast bar, and an adjoining dining area perfect for casual meals. Adjacent to the kitchen, the bonus room showcases a 2nd wood-burning fireplace and French doors opening to the back patio. A conveniently located half bath, utility room, and garage access complete the main level. The former 2-car garage has been thoughtfully converted into a finished office or hobby room, while still providing surrounding workshop space for projects or storage. Upstairs you'll find all four bedrooms along with a versatile fifth room featuring two sets of French doors that open onto a freshly painted balcony spanning the length of the home. The spacious primary suite offers a private 3/4 bath, a wall of closets, and a 3rd wood-burning fireplace, and more French doors leading to the balcony. Carport provides covered parking for 2 and additional storage. NEW ROOF, ELECTRIC PANEL, WATER HEATER, & FURNACE!

3129 Sylvia Boulevard S, Lakewood

Listing courtesy of eXp Realty.

$95,000
2556870 MLS ⋅ ACTIVE Status
Restaurant business opportunity in Lakewood! This inviting space features a colorful dining room with table and counter seating, plus a well-equipped commercial kitchen with a hood and cooking line, commercial refrigeration, stainless-steel preparation areas, shelving, and a three-compartment sink. Conveniently located along S Tacoma Way with excellent visibility and an efficient layout ready for continued restaurant use. Business and equipment sale only; real estate is not included. Buyer to verify all information, equipment inventory, lease terms, licenses, permits, and suitability for intended use.

Lakewood

Listing courtesy of Keller Williams Rlty Bellevue.

$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 courtesy of COMPASS.

$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, and vinyl flooring in the kitchen, bath, and laundry areas. The lower unit also offers 2 bedrooms and 1 bath with laminate and vinyl flooring throughout. 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 and passed through to tenants along with utilities. The furnace and 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 and 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 courtesy of COMPASS.

$639,000
3 Beds ⋅ 3 Baths ⋅ 2543118 MLS ⋅ ACTIVE Status
Experience the perfect blend of modern comfort and limitless potential in this beautifully refreshed 3-bedroom, 2.25-bathroom tri-level residence. The main level offers a bright, open living room, while the lower level features a separate, versatile family room—ideal for a home office, media room, or guest space. Recent interior updates include stylish and durable luxury vinyl plank (LVP) flooring and a fresh, neutral paint palette throughout. The heart of the home is a well-appointed kitchen equipped with premium Viking appliances, ready for your culinary projects. The true showstopper is the expansive 15,000-square-foot lot. Unlike many modern properties, this home offers significant room to breathe and grow. With ample space for an ADU, a large detached shop, RV parking, or a sprawling custom garden, this lot provides the flexibility to create the outdoor oasis you’ve always imagined (buyer to verify). Just minutes away from shopping, restaurant's centrally located between American, Gravelly and Steilacoom Lakes! Whether you’re looking for a move-in-ready home today or a property with massive upside for the future, this is a rare find.

11315 83rd Avenue SW, Lakewood

Listing courtesy of eXp Realty.

$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.

$1,499,950
3 Beds ⋅ 1 Baths ⋅ 2480472 MLS ⋅ ACTIVE Status
This fully paved and fenced property offers exceptional access, visibility, and flexibility just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is ideal for owner-users, investors, or businesses seeking a strategic location in the heart of Lakewood’s industrial corridor. The property features three versatile buildings. The 1,150 sq/ft 1-story building has 2 bedrooms, 1 bathroom, a kitchen, and a living room. The 1,260 sq/ft 1½-story building includes 3 bedrooms, 1 bathroom, a kitchen, and a living room. Both buildings can function as a residential home or professional office with flexible interior space that's suitable for administrative or live/work use. The 6,604 sq/ft brick warehouse/manufacturing building is well-suited for food production, cold storage, distribution, or light manufacturing. The building features include three walk-in coolers, one walk-in freezer, a full kitchen, and dedicated storage areas, offering turnkey functionality for specialized operations. With strong street frontage, secure fencing, ample yard space, and excellent proximity to transit and freeway access, this property delivers both operational efficiency and long-term upside. Location plus utility makes this a rare opportunity in a high-demand industrial market. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. Ideal for owner-operators or investors.

3817 3819 94th Street SW, Lakewood

Listing courtesy of John L. Scott, Inc.

$1,104,950
3 Beds ⋅ 1 Baths ⋅ 2480442 MLS ⋅ ACTIVE Status
This fully paved and fenced property offers exceptional access, visibility, and flexibility just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is ideal for owner-users, investors, or businesses seeking a strategic location in the heart of Lakewood’s industrial corridor. The property features two versatile buildings. The 1,260 sq/ft 1½-story building can function as a residential home or professional office and includes three bedrooms, one bathroom, a kitchen, and flexible interior space suitable for administrative or live/work use. The 6,604 sq/ft 1-story brick warehouse/manufacturing building is well-suited for food production, cold storage, distribution, or light manufacturing. The building features include three walk-in coolers, one walk-in freezer, a full kitchen, and dedicated storage areas, offering turnkey functionality for specialized operations. With strong street frontage, secure fencing, ample yard space, and excellent proximity to transit and freeway access, this property delivers both operational efficiency and long-term upside. Location plus utility makes this a rare opportunity in a high-demand industrial market. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. Ideal for owner-operators seeking a live/work setup or investors targeting stable industrial demand with flexible future use potential.

3819 94th Street SW, Lakewood

Listing courtesy of John L. Scott, Inc.

$1,499,950
2480020 MLS ⋅ ACTIVE Status
This fully paved and fenced property offers exceptional access, visibility, and flexibility just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is ideal for owner-users, investors, or businesses seeking a strategic location in the heart of Lakewood’s industrial corridor. The property features three versatile buildings. The 1,150 sq/ft 1-story building has 2 bedrooms, 1 bathroom, a kitchen, and a living room. The 1,260 sq/ft 1½-story building includes 3 bedrooms, 1 bathroom, a kitchen, and a living room. Both buildings can function as a residential home or professional office with flexible interior space that's suitable for administrative or live/work use. The 6,604 sq/ft brick warehouse/manufacturing building is well-suited for food production, cold storage, distribution, or light manufacturing. The building features include three walk-in coolers, one walk-in freezer, a full kitchen, and dedicated storage areas, offering turnkey functionality for specialized operations. With strong street frontage, secure fencing, ample yard space, and excellent proximity to transit and freeway access, this property delivers both operational efficiency and long-term upside. Location plus utility makes this a rare opportunity in a high-demand industrial market. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. Ideal for owner-operators or investors.

3817 3819 94th Street SW, Lakewood

Listing courtesy of John L. Scott, Inc.

$1,104,950
2470923 MLS ⋅ ACTIVE Status
This fully paved and fenced property offers exceptional access, visibility, and flexibility just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is ideal for owner-users, investors, or businesses seeking a strategic location in the heart of Lakewood’s industrial corridor. The property features two versatile buildings. The 1,260 sq/ft 1½-story building can function as a residential home or professional office and includes three bedrooms, one bathroom, a kitchen, and flexible interior space suitable for administrative or live/work use. The 6,604 sq/ft 1-story brick warehouse/manufacturing building is well-suited for food production, cold storage, distribution, or light manufacturing. The building features include three walk-in coolers, one walk-in freezer, a full kitchen, and dedicated storage areas, offering turnkey functionality for specialized operations. With strong street frontage, secure fencing, ample yard space, and excellent proximity to transit and freeway access, this property delivers both operational efficiency and long-term upside. Location plus utility makes this a rare opportunity in a high-demand industrial market. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. Ideal for owner-operators seeking a live/work setup or investors targeting stable industrial demand with flexible future use potential.

3819 94th Street SW, Lakewood

Listing courtesy of John L. Scott, Inc.

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