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Listed by:Paragon Real Estate Advisors • Tanner Fogle
$ 1,375,000
Est. payment | /mo
18 Beds
10 Baths
7,500 SqFt
$ 1,375,000
Est. payment | /mo
18 Beds
10 Baths
7,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $183
Subdivision Lakewood
MLS Listing ID 2529802
Style 56 - 10+ Units
Bedrooms 18
Year Built 1964
Annual Tax Amount $15,574
Lot Size 0.550 Acres
Property Sub-Type Multi Family
Property Description
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
State WA
County Pierce
Area 36 - Lakewood
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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