Skip to content
JRJeff ReynoldsCompass · Seattle

Listed by Hau Nguyen, HDN Real Estate

4,584
Square feet
$360
Per sq ft
Multi Family
Type
1960
Year built
19,200 sq ft
Lot
108
Days on market

About this property

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.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2497467
Listed
March 27, 2026
Days on market
108
Price per sq ft
$360

Unit & building

Stories in building
1
Units in building
8

Parking

Total spaces
9

Construction

Year built
1960
Style
55 - 5-9 Units
Structure
Multi Family
Roof
Composition

Heating & cooling

Heating
BaseboardFireplace InsertWall Furnace
Cooling
None
Energy source
ElectricNatural Gas

Flooring

Flooring
Ceramic TileHardwoodLaminateCarpet

Lot

Lot size
19,200 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Lakewood Water Dist.
Sewer
Pierce County Sewer
Power
PSE

Schools

District
Lakewood
Elementary
Lakewood Elem
Middle
Lakewood Mid
High
Lakewood High

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Multi Family
  • Composition
  • Baseboard
  • Fireplace Insert
  • Wall Furnace
  • None
  • Electric
  • Natural Gas
  • Ceramic Tile
  • Hardwood
  • Laminate
  • Carpet

Listing history

  1. Listed

    $1,650,000

    March 27, 2026

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

$9,608

Principal & interest
$8,343
Property tax (est.)
$1,265

Assumes $330,000 down (20%), a $1,320,000 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.