Courtesy: Compass
360-969-0669
Coleton Pantley
Wonderland is a rare value-add property on a large corner lot, ideally located near JBLM, Boeing, and UW Tacoma - without Tacoma's rental restrictions. This diverse asset includes a renovated fourplex, two single-family homes, and two duplex-style cottages with classic interiors ready for modernization and rent increases. A 1,200 SF storage unit offers conversion potential into an additional 3-bed/2-bath or two smaller units. Six garages provide extra income opportunities at $100+ per month each. With historically high occupancy, low turnover, and no delinquency, Wonderland presents a strong investment with significant upside potential.
Courtesy: Keller Williams West Sound
360-204-5996
Peter Bradrick
Remarkable investment opportunity for seasoned investors or first time homebuyer's. This two story duplex sits on a large secluded private lot in Lakewood a block from community lake access. "Owner's suite" upstairs (Unit B) has 1 bedroom, 1 bath, upgraded to be your own private spa with heated tile floors, & huge tiled shower. New carpet & a concrete ramp up to upper unit with covered entry. Downstairs Unit A is 2 bed, 1 bath with new tile throughout the unit. Both units have separate, private fully fenced courtyard style yards. Lots of parking! Room for 6 cars in the driveway. 1 car garage, & 2 car covered carport. Both units heated & cooled with mini split systems. Local lake access 1 block away & community lake front park 5 blocks away.
Courtesy: The Real Estate Firm
509-201-0005
Brittney Bredl
7 Unit Apartment complex! Listed well below market value at just 171k per unit and a current 6% cap rate!! Interiors have been lightly updated along with each unit has their own heat and AC mini split unit. Mini split units are less than 5 years old. Garages are available for renters to rent but are not included in this sale. However, it is a huge marketing selling point for renters to have the option to have a garage. Beautiful landscaping with strategically lined trees and a fenced area for dogs to run. Rents are very low, with rent increases this building can be over a 7% cap rate very quickly. Fully occupied, Low maintenance, easy to maintain, GREAT INVESTMENT!
Courtesy: The Real Estate Firm
509-201-0005
Brittney Bredl
Amazing investment property! Whether you are looking to add to your portfolio or looking for your very first investment property, this would be a great one. Both units are currently rented with well established tenants. Updates within the last couple years include a new roof, exterior paint and interior remodels. In addition, updated 4 inch plastic sewer line all the way to the main. Both units have their own assigned storage area along with their own set of washer and dryer. Low maintenance, low owner utility costs, and in a highly developing area. Very few duplexes in all of pierce county for sale in this price point. An investors dream! Also, neighboring duplex next door for sale as well. MLS #2315563
Courtesy: The Real Estate Firm
509-201-0005
Brittney Bredl
Amazing investment property! Whether you are looking to add to your portfolio or looking for your very first investment property, this would be a great one. Both units are currently rented with well established tenants. Updates within the last couple years include a new roof, exterior paint and interior remodels. In addition, updated 4 inch plastic sewer line all the way to the main. Both units have their own assigned storage area along with their own set of washer and dryer. Low maintenance, low owner utility costs, and in a highly developing area. Very few duplexes in all of pierce county for sale in this price point. An investors dream! Also, neighboring duplex next door for sale as well. MLS 2315200
Courtesy: Morrison House Sotheby's Intl
253-581-5100
Michael Morrison
3 HOMES on 1 TAX Parcel; fully permitted remodels of cottages near JBLM and American Lake. Tastefully remodeled with all new EVERYTHING from siding; windows; roofs; landscaping and each home fully fenced. Interiors are fully redone with new sheetrock; LVP flooring, trims and paint. New kitchens with quartz counters, full appliance packages w/ Fridges; Ranges, D/W. Each home has its own WASHER/DRYER making them rent quickly! MASSIVE rental inquiries prove these cottages are worth their weight in gold; rents start at 2,025 EACH! Fully fenced rear yards, walking distance to Tillicum services and the AMERICAN LAKE BOAT launch/parks nearby. Easy & convenient access to JBLM, MADIGAN and I-5 corridor. New, Location & Income-all in one.
Courtesy: Pellego, Inc.
425-441-3180
Shawn Darden
Investment Opportunity! Discover this cash-flowing tri-plex on a spacious corner lot. All three units are currently occupied by long-term tenants, ensuring positive steady income. Features include on-site laundry facilities, 5 dedicated parking spots, and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Don't miss this chance to secure a solid, income-generating property for your portfolio! Rents $3750. 2x1, 1x1, 0x1.
Courtesy: HomeSmart Real Estate Assoc
206-523-7653
Brandon Cline
Rare opportunity to own this well-maintained, classic brick 8-unit apartment building, conveniently located on a quiet street just 2-blocks away from American Lake Park and lake access! An ideal investment in an ideal location! New restaurants, local pub, gourmet coffee stand, corner grocery stores, new laundromat & Route #214 bus stop are just steps away! Minutes from VA hospital, American Lake Golf Course & close to I-5, Lakewood Town Center, JBLM & Fort Steilacoom Park. There are (2) two-bdrm units & (6) one-bdrm units. Rents are below market rates & there is much room for increases! All units have updated kitchens w/gas ranges & quartz counters, tiled bathrooms, new hot water tanks & updated electrical panels. New roof installed in 2024
Courtesy: HDN Real Estate
253-313-9300
Hau Nguyen
Location, location! Great Investment, Turnkey opportunity to purchase this great income producing 8Plex, 4,584sf building, 19,200sf Parcel; 2 2BR & 6 1BR Apart, Zone C1, located in the heart of Lakewood, next to St. Clare Hospital. Well maintained 1-Story U-shape Brick Building, private courtyard, large playground area with fully gated fence, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side. Current rents are much below market rent. With highly Rent demand, it has plenty of room to increase income, plus coin operated laundry. This Multi-Fam Building is on Lakewood Commercial Core, surrounding with businesses, residential developments; minutes to I5, JBLM Military Base, Towne Center.
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Lakewood is located in Washington. Lakewood, Washington has a population of 62,972. Lakewood is less family-centric than the surrounding county with 24.17% of the households containing married families with children. The county average for households married with children is 32.93%.
The median household income in Lakewood, Washington is $60,534. The median household income for the surrounding county is $82,574 compared to the national median of $69,021. The median age of people living in Lakewood is 35.7 years.
The average high temperature in July is 77.1 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 41.1 inches per year, with 5.3 inches of snow per year.
