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JRJeff ReynoldsCompass · Seattle

Listed by Tamara Paul, RE/MAX Northwest

6,066
Square feet
$371
Per sq ft
Multi Family
Type
1962
Year built
27,000 sq ft
Lot
39
Days on market

About this property

Exceptional investment opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets.

Location & commute

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Directions

Property details

Listing details

Listing number
#2530635
Listed
June 4, 2026
Days on market
39
Price per sq ft
$371

Unit & building

Stories in building
1
Units in building
8

Parking

Total spaces
10

Views

View
Territorial

Construction

Year built
1962
Style
55 - 5-9 Units
Structure
Multi Family
Roof
Composition

Heating & cooling

Heating
BaseboardWall Furnace
Cooling
None
Energy source
Electric

Flooring

Flooring
LaminateCarpet

Lot

Lot features
Corner Lot
Lot size
27,000 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Lakewood Water District
Sewer
Pierce County Sewer
Power
TPU

Schools

District
Lakewood
Elementary
Buyer To Verify
Middle
Lakewood Mid
High
Lakewood High

What stands out to you?

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  • Territorial
  • Multi Family
  • Composition
  • Baseboard
  • Wall Furnace
  • None
  • Electric
  • Laminate
  • Carpet
  • Corner Lot
  • Cash
  • Conventional

Listing history

  1. Listed

    $2,250,000

    June 4, 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

$13,102

Principal & interest
$11,377
Property tax (est.)
$1,725

Assumes $450,000 down (20%), a $1,800,000 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 14, 2026 at 12:45 AM 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.