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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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
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.
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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.