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JRJeff ReynoldsCompass · Seattle
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Active

Listed by Tamara Paul, RE/MAX Northwest

6,066
Square feet
$352
Per sq ft
Multi Family
Type
1962
Year built
27,000 sq ft
Lot
41
Days on market

About this property

**ALERT** 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. All kitchen appliances stay, washer/dryer hook ups in all units!

Location & commute

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

Directions

Property details

Listing details

Listing number
#2555633
Listed
July 15, 2026
Days on market
41 (includes a prior listing period)
Price per sq ft
$352

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
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
LaminateCarpet

Lot

Lot features
Corner LotCurbsPavedSidewalk
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?

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

  • Territorial
  • Multi Family
  • Composition
  • Baseboard
  • None
  • Electric
  • Laminate
  • Carpet
  • Corner Lot
  • Curbs
  • Paved
  • Sidewalk

Listing history

  1. Listed

    $2,137,500

    July 15, 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

$12,447

Principal & interest
$10,808
Property tax (est.)
$1,639

Assumes $427,500 down (20%), a $1,710,000 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 15, 2026 at 11:30 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.