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JRJeff ReynoldsCompass · Seattle

Listed by Tanner Fogle, Paragon Real Estate Advisors

7,500
Square feet
$183
Per sq ft
Multi Family
Type
1964
Year built
23,972 sq ft
Lot
29
Days on market

About this property

A 10-unit multifamily investment opportunity in South Puget Sound offers investors a stable, efficiently sized asset in an accessible, renter-demand driven neighborhood. Built in 1964, the property features (4) one-bedroom, (4) two-bedroom, and (2) three-bedroom one-bath units, appealing to a broad tenant base and supporting consistent occupancy. The property recently underwent capital improvements, including replacement of electrical panels in all units. Strategically located with excellent visibility and connectivity, the property provides convenient access to employment centers, military installations, and retail corridors. Residents enjoy proximity to shopping, dining, parks, and services. The property presents a clear value-add opportunity through potential interior upgrades, storage income implementation, and rental optimization. With strong fundamentals and straightforward operations, the asset offers immediate income stability and long-term upside. This offering represents an opportunity to acquire a well-located multifamily asset with scalable potential and durable tenant demand in the region.

Location & commute

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Directions

Property details

Listing details

Listing number
#2529802
Listed
May 27, 2026
Days on market
29
Price per sq ft
$183

Unit & building

Unit
10
Stories in building
1
Units in building
10

Parking

Total spaces
15

Construction

Year built
1964
Style
56 - 10+ Units
Structure
Multi Family
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
LaminateVinylCarpet

Lot

Lot size
23,972 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Lakewood

What stands out to you?

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  • Multi Family
  • Composition
  • Baseboard
  • None
  • Electric
  • Laminate
  • Vinyl
  • Carpet
  • Cash
  • Conventional
  • Public
  • Sewer Connected

Listing history

  1. Listed

    $1,375,000

    May 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

$8,007

Principal & interest
$6,953
Property tax (est.)
$1,054

Assumes $275,000 down (20%), a $1,100,000 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.