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Gary Vanderhoff & Kenton Kincaid

gary.vanderhoff@cbrealty.com +1(206) 659-1032

Listed by:RE/MAX Northwest • Tamara Paul

$ 2,250,000

Est. payment | -/mo

16 Beds

8 Baths

6,066 SqFt

Save

$ 2,250,000

Est. payment | -/mo

Save

16 Beds

8 Baths

6,066 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,066 sqft

Price per Sqft $370

Subdivision Lakewood

MLS Listing ID 2530635

Style 55 - 5-9 Units

Bedrooms 16

Year Built 1962

Annual Tax Amount $12,656

Lot Size 0.620 Acres

Lot Dimensions 225x120

Property Sub-Type Multi Family

Property Description

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

State WA

County Pierce

Area 37 - Lakewood

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Corner Lot

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Lakewood Mid

High Schools Lakewood High

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.

Nearby Locations

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Gary Vanderhoff & Kenton Kincaid

REALTOR® | Lic# 118236

gary.vanderhoff@cbrealty.com

+1(206) 659-1032

207 West Kent Station St. #105, Kent, WA, 98032, USA

8303 John Dower RD SW Lakewood, WA 98499

Gary Vanderhoff & Kenton Kincaid

Key Details

Location

Interior

Exterior

Building

Schools

Others

8303 John Dower RD SW