Listed by Stephanie Gurden, Keller Williams Realty
- Land
- Type
- 18,400 sq ft
- Lot
- 259
- Days on market
About this property
Motivated seller! Potential Multi-Family Tax Exemption (MFTE) with the City of Lakewood (Buyer to verify) Fantastic development opportunity in the Lakewood/Tillicum neighborhood and close to I5! This level 18,400 square foot lot is zoned Multifamily 2 (MF2), offering great potential for townhomes or multi-unit construction, Buyer to verify details with the City of Lakewood. The property features 80 ft. of frontage and 230 ft. of depth in a well-established residential neighborhood near the Elementary School and Fire Department. Just two blocks to community park with swimming on American lake and conveniently located just minutes from I-5, JBLM, parks, and shopping in the Lakewood Town Center. Water and power available in the street; suitable for septic systems.
Location & commute
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Property details
Listing details
- Listing number
- #2448724
- Listed
- October 27, 2025
- Days on market
- 259
- Original list price
- $205,000
Views
- View
- Territorial
Construction
- Style
- 42 - Multi-Family
- Structure
- None
Lot
- Lot features
- Paved
- Lot size
- 18,400 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity AvailableNatural Gas Available
- Water
- In Street
- Sewer
- In Street
Schools
- District
- Clover Park
- Elementary
- Tillicum Elem
- Middle
- Buyer To Verify
- High
- Clover Park High
What stands out to you?
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- Territorial
- None
- Paved
- Cash
- Conventional
- Electricity Available
- Natural Gas Available
- In Street
Listing history
Listed
$205,000
October 27, 2025
Current price
$154,900
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$902
- Principal & interest
- $783
- Property tax (est.)
- $119
Assumes $30,980 down (20%), a $123,920 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Similar nearby listings
Based on information submitted to the MLS GRID as of July 13, 2026 at 11:15 PM PDT. 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.