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$1,850,000
3 Beds ⋅ 1 Baths ⋅ 2567065 MLS ⋅ ACTIVE Status
ALL PERMITS IN HAND on this 84 Unit Garden style Apartment complex in the heart of redeveloping Lakewood. VALUE IN LAND. Located just a stones throw from JBLM and Multiple Warehouse projects including an Amazon Fulfillment center, Prologis, and many more. Very high rental demand. Unit layout includes 48 2 bed/2 bath unit layout and 36 1 bed/ 1 bath unit layout. Price includes full plan sets, civil engineering, and permits. Please call/email listing agent for plans and civil. Existing home on the property. Market rent is 2200.

6411 150th Street SW, Lakewood

Listing courtesy of Keller Williams Realty PS.

$415,000
2 Beds ⋅ 1 Baths ⋅ 2559272 MLS ⋅ ACTIVE Status
Picture-perfect, charming, and completely move-in ready! This beautifully maintained 1,080 sq ft home perfectly blends timeless character with modern updates, including a brand-new furnace installed in 2023 for total peace of mind. The highly functional 2-bedroom, 1-bathroom floor plan features fresh new paint, updated baseboards, and brand-new vinyl flooring extending seamlessly through the living room, dining area, kitchen, and bedrooms—expertly installed while keeping the original oak floors safely preserved underneath! Large double-pane windows flood the entire home with vibrant natural light. Cooking is a delight in the updated kitchen, boasting custom soft-close cabinetry, sleek countertops, and stainless steel appliances. Unwind in the fully modernized bathroom, complete with a custom tile tub surround. The detached shop/office structure—ideal for remote work, a hobby studio, or extra storage. Nestled on a level 5,336 sq ft lot with a detached carport and the possibility for a future ADU addition (buyer to verify), you are just minutes away from Harry Todd Park, American Lake, shopping, I-5, and JBLM.

15113 SW Grant Avenue, Lakewood

Listing courtesy of Better Properties N. Proctor.

$674,999
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 courtesy of Every Door Real Estate.

$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.

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