Listed by Claire Fralish, eXp Realty
- 3
- Bedrooms
- 2
- Bathrooms
- 832
- Square feet
- $960
- Per sq ft
- Single Family Residence
- Type
- 1945
- Year built
- 19,600 sq ft
- Lot
- 292
- Days on market
About this property
Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Jeff's Neighborhood Guide
Get to know the Lakewood area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2506001
- Listed
- December 23, 2025
- Days on market
- 292
- Price per sq ft
- $960
- Original list price
- $875,000
Unit & building
- Unit levels
- One
Parking
- Parking
- DrivewayDetached Garage
- Covered spaces
- 2
- Total spaces
- 2
Construction
- Year built
- 1945
- Style
- 10 - 1 Story
- Structure
- House
- Roof
- Composition
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- Vinyl PlankCarpet
Lot
- Lot features
- Dead End StreetValue In Land
- Lot size
- 19,600 sq ft
Terms
- Terms offered
- AssumableCashConventionalVA Loan
Utilities
- Water
- Lakewood Water District
- Sewer
- City of Lakewood Sewer Utility
- Power
- Tacoma Power
Schools
- District
- Lakewood
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Buyer To Verify
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- One
- Driveway
- Detached Garage
- House
- Composition
- Baseboard
- None
- Electric
- Vinyl Plank
- Carpet
- Dead End Street
- Value In Land
Listing history
Listed
$875,000
December 23, 2025
Current price
$799,000
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
$4,653
- Principal & interest
- $4,040
- Property tax (est.)
- $613
Assumes $159,800 down (20%), a $639,200 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.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 4:30 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.