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  • Listed by: Coldwell Banker Bain • Natalie Sutey
    Price cut: $4K (6/12)
    $395,000

    6148 88th Street SW, Lakewood, WA 98499

    3beds
    1,100sqft
    : 
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    Single Family Residence
    Built in 1966
    6,534 Square Feet Lot
    $396,000 Zestimate®
    $359/sqft
    $-- HOA

    What's special

    Updated appliancesFunctional living spacesGenerous lotCustom cabinetryLarge storage area
    Prime Lakewood opportunity offering flexibility, income potential, and long-term upside! This well-maintained 3-bedroom, 2-bath home spans approximately 1,100 sq ft and presents immediate rental, owner-occupant, or light value-add potential. Existing improvements include updated appliances, custom cabinetry, and functional living spaces, creating a comfortable and move-in-ready environment with room to personalize. Situated on a generous lot with a large storage area, the property offers excellent flexibility for outdoor use, expansion, or future development. Zoning allows for up to three units (buyer to verify), making it an ideal option for builders, investors, or buyers seeking to maximize long-term value. Unique opportunity to purchase alongside neighboring property, creating a potential multi-home or multi-unit setup. Ideal for owner-occupants exploring a “live in one, rent the other” strategy, multi-generational living, or investors looking to expand their portfolio with side-by-side assets. Located in a high-demand rental corridor near JBLM with easy access to I-5, shopping, and dining, this property is well-positioned for strong rental performance, appreciation, and future growth.
    121 days
    |
    1,363
    |
    115
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Natalie Sutey,

    Coldwell Banker Bain

    Source: NWMLS as distributed by MLS GRID,MLS#: 2492286MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bathroom full
      • Level: Main
      Other
      • Level: Main
      Heating
      • Wall Furnace, Electric
      Cooling
      • Wall Unit(s)
      Features
      • Flooring: Vinyl
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total structure area: 1,100
      • Total interior livable area: 1,100 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Levels: One
      • Stories: 1
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 6,534 Square Feet
      • Features: Value In Land
      • Topography: Level
      • Residential vegetation: Garden Space
      Details
      • Parcel number: 0220357003
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: 1 Story
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Year built: 1966
      • Major remodel year: 1966

      Utilities & green energy

      • Sewer: Sewer Connected
      • Water: See Remarks

      Community & HOA

      Community
      • Subdivision: Lakewood
      Location
      • Region: Lakewood

      Financial & listing details

      • Price per square foot: $359/sqft
      • Tax assessed value: $328,300
      • Annual tax amount: $3,447
      • Date on market: 3/19/2026
      • Cumulative days on market: 123 days
      • Listing terms: Conventional,FHA,VA Loan

        Estimated market value

        $396,000

        $376,000 - $416,000

        $2,411/mo

        Price history

        DateEventPrice
        6/12/2026Price change$395,000-1%$359/sqft
        Source: NWMLS as distributed by MLS GRID #2492286 Report a problem
        6/5/2026Price change$399,000-1.5%$363/sqft
        Source: NWMLS as distributed by MLS GRID #2492286 Report a problem
        3/20/2026Listed for sale$405,000+268.2%$368/sqft
        Source: NWMLS as distributed by MLS GRID #2492286 Report a problem
        8/1/2012Sold$110,000+65.4%$100/sqft
        Source: Public Record Report a problem
        3/20/2009Sold$66,500-4.9%$60/sqft
        Source: NWMLS as distributed by MLS GRID #29027714 Report a problem
        3/3/2009Price change$69,900-6.7%$64/sqft
        Source: foreclosure.com Report a problem
        2/4/2009Price change$74,900-6.3%$68/sqft
        Source: foreclosure.com Report a problem
        1/1/2009Price change$79,900-15.8%$73/sqft
        Source: foreclosure.com Report a problem
        12/11/2008Listed for sale$94,900-16.1%$86/sqft
        Source: foreclosure.com Report a problem
        9/18/2008Sold$113,156-29.3%$103/sqft
        Source: Public Record Report a problem
        10/27/2006Sold$159,950+34.8%$145/sqft
        Source: NWMLS as distributed by MLS GRID #26106173 Report a problem
        5/31/2001Sold$118,666$108/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,559 +12.1%$328,300 +13.6%
        2023$3,174 -0.8%$289,000 -5.1%
        2022$3,199 +3.8%$304,600 +17.3%
        2021$3,083 +44%$259,600 +34.1%
        2019$2,141 -6.8%$193,600 +10.9%
        2018$2,299 +6.7%$174,600 +13.9%
        2017$2,154 +17.8%$153,300 +29%
        2016$1,829 $118,800 +5.3%
        2014$1,829 +15.4%$112,800 +11.2%
        2013$1,585 $101,400 +3.4%
        2012-- $98,100 -19.5%
        2011-- $121,900 -8.5%
        2010-- $133,200 -7%
        2009-- $143,300 -1.8%
        2008$1,870 $145,900 -3.9%
        2007$1,870 $151,900
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Dower

        Getting around

        65 / 100
        Somewhat Walkable
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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