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$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 courtesy of Premier Real Estate Partners.

$559,000
2563414 MLS ⋅ PENDING Status
Exceptional investment and future development opportunity in a prime Lakewood location. Situated on 0.39 acres across from American Lake Park and the public boat launch, this property features two duplexes comprised of four one-bedroom, one-bath units. Two units enjoy peekaboo views of American Lake, while the generous lot provides abundant parking, or boat / trailer storage. With strong rental appeal, a highly desirable recreational setting, and potential for future redevelopment (buyer to verify), this property offers a unique combination of current cash flow and long-term upside. Conveniently located near JBLM, shopping, dining, Laundromat and major commuter routes, this is a rare opportunity to own a multifamily asset in one of Lakewood’s most sought-after locations. M2M Renter in Unit C would like to renew his Lease.

9315 Veterans Drive SW, Lakewood

Listing courtesy of NWC-KV LLC.

$998,750
2541782 MLS ⋅ ACTIVE Status
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 courtesy of Every Door Real Estate.

$565,000
2496939 MLS ⋅ SOLD Status
Excellent cash flow investment with 4 1-bedroom units leased at $975 each per month. Two units up and two units down. Large 11,000 plus square foot fenced lot. City of Lakewood says it will support another 4-plex that can be built for additional cash flow (buyer to verify). Portland Avenue was repaved with curbs, gutters, sidewalks, and bike lane plus sewer installation. Convenient location near Harry Todd Park and American Lake. Easy access to JBLM, Madigan Hospital, and I-5 either North or South. Price reduced for quick sale. Great value for a 4-unit building as most are sold for $100s of thousands more.

14514 Portland Avenue SW, Lakewood

Listing courtesy of All Real Estate Solution. Selling Office: Inspire Realty.

$660,000
2488266 MLS ⋅ SOLD Status
Super clean & nicely maintained 4 Plex in quiet location near American Lake! Only units A & B are currently rented. There are two side by side duplexes, each with their own covered and non-covered parking areas. Three of the units have been extensively updated, especially the two vacant units C & D that could rent for as high as $1500 each! Unit D has views of American Lake. Units B, C & D have newer kitchens, updated bathrooms, fresh paint, newer floor coverings & more! The roof on building two is brand new in 2026! Units B and D have a newer ductless mini-split installed! all the units have separate electrical meters. All the units have a bank of windows in the main great rooms providing tons of natural lighting. The quiet location is down a private paved driveway and just two blocks from American Lake Park & playground! This is a nice property in a quiet area with units that are easily rentable!

9830 American Avenue SW Unit #A-D, Lakewood

Listing courtesy of RE/MAX Northwest. Selling Office: Kronos Real Estate.

$955,000
2439007 MLS ⋅ SOLD Status
Rare Fourplex in Lakewood. Turnkey investment opportunity! This unique property includes two single-family homes + one duplex on a large 0.62-acre lot. All units are modernized with updated kitchens, baths, flooring, and more. ready for strong, stable tenants. Gross rents average $8,000/month. Fully renovated & low maintenance. Minutes to JBLM, I-5, and Lakewood Transit. Rare 3-bedroom units create a high tenant demand. Plenty of yard space & parking. Whether you’re an investor seeking reliable cash flow or looking to house-hack, this property checks all the boxes. Solid cap rate, prime location, and future upside potential!Don’t miss this one—schedule your showing today!

11213 Kline Street SW, Lakewood

Listing courtesy of Skyline Properties, Inc.. Selling Office: Terrafin.

$670,000
2412404 MLS ⋅ SOLD Status
FULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof, new electrical, and new plumbing are highlighted by updated flooring, kitchen, bedrooms, and baths. Plenty of parking and quiet, private backyard space. Successful track record for rented units. Fantastic location for commuters, those who work at JBLM and Madigan, and near the Lakewood Sounder station. Unit 3 is available to view; all others are tenant occupied. Unit 3 gives accurate representation of the quality of the remodel in all units.

8502 8508 Berkeley Avenue SW, Lakewood

Listing courtesy of Commencement Bay Brokers LLC. Selling Office: Commencement Bay Brokers LLC.

$830,000
2381824 MLS ⋅ SOLD Status
This property sold as 4 plex, but is 2 duplexes that face each other with common entry. Each duplex has it own AP #.These units are single level brick construction, 2 bedroom, 1 bath. Each unit has fireplace, utility room (tenant to supply washer and dryer), single car attached garage with direct access to living area. Additional 2nd car parking space in front of garage. 2 of the units have fenced rear yard.Easy access to , I-5, JBLM, and Lakewood Town Center. Located on a cul de sac.

5222 2226 108th Street Ct W, Lakewood

Listing courtesy of RE/MAX Northwest. Selling Office: RE/MAX Integrity.

$763,000
2352212 MLS ⋅ SOLD Status
Fully renovated, vacant, separate electric meters, ready to go! This Lakewood 4plex is a unicorn! You don't have to deal with existing tenants or renovations, just close and gain full control! Minutes to JBLM, this property is highly rentable. With a new roof, interior units updated with LVP flooring, countertops, bathroom vanities, and appliances, this is a worry-free investment. Whether you're looking for a house hack with a VA, FHA, or conventional loan, or you're an investor looking to add to your portfolio, this is a rare opportunity. Listed at a 7.4% cap rate, this is the best deal available and you can achieve a higher cap rate if you implement RUBS. Washer/dryer are shared and you can implement coin-op for additional income.

12020 Edgewood Avenue SW, Lakewood

Listing courtesy of COMPASS. Selling Office: COMPASS.

$510,000
2331402 MLS ⋅ SOLD Status

12020 Edgewood Avenue SW, Lakewood

Listing courtesy of COMPASS. Selling Office: COMPASS.

$1,525,000
2310804 MLS ⋅ SOLD Status
4-Plex for sale! Townhouse style new construction. Live in one unit, and rent out the other 3! This building could also be converted into condos and sold separately. Spacious floorplans, high ceilings, functional layout with modernized open concept living. Buyer able to obtain 30 year fixed rate, this qualifies as a residential loan. Units feature waterproof LVP flooring, quartz counters throughout kitchen/bathrooms, Ductless HP mini split units for heating/ac as well as wall heaters. Separated backyards for each unit. Numbers provided on rent are estimated based on comparables in area.

5421 Chicago Avenue SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: The Joseph Group.

$980,000
2077044 MLS ⋅ SOLD Status
Built in 1986, the extremely well positioned 4-plex is located in Lakewood’s rapidly growing residential market. Comprised of four spacious 2-bedroom 1-bath units with in-unit washer / dryers, private patios, ample parking, and interior finishes ripe for further improvements. Centrally located, the Lakewood 4-plex is minutes walking to Mount Tahoma Highschool, great proximity to Joint-Base Lewis- McCord (JBLM) and easy access to Interstate -5. New ownership can renovate interior common areas, kitchens, bathrooms and implement utility bill-back to add value.

5607 76th Road W, Lakewood

Listing courtesy of Kidder Mathews. Selling Office: COMPASS.

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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