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.
Active
Listed by: Coldwell Banker Bain • Natalie Sutey
Price cut: $4K (6/12)
$395,000
6148 88th Street SW, Lakewood, WA 98499
3beds
1,100sqft
Single Family Residence
Built in 1966
6,534 Square Feet Lot
$395,600 Zestimate®
$359/sqft
$-- HOA
What's special
Updated appliancesFunctional living spacesGenerous lotCustom cabinetryLarge storage area
- 167 days
- 1,159
- 96
Zillow last checked:
Listing updated:
Listed by:
Natalie Sutey,
Coldwell Banker Bain
Source: NWMLS as distributed by MLS GRID,MLS#: 2492286
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
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: $338,600
- Annual tax amount: $3,447
- Date on market: 3/20/2026
- Cumulative days on market: 167 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$395,600
$376,000 - $415,000
$2,487/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $395,000-1%$359/sqft |
Source: | ||
| 6/5/2026 | Price change | $399,000-1.5%$363/sqft |
Source: | ||
| 3/20/2026 | Listed for sale | $405,000+268.2%$368/sqft |
Source: | ||
| 8/1/2012 | Sold | $110,000+65.4%$100/sqft |
Source: Public Record Report a problem | ||
| 3/20/2009 | Sold | $66,500-4.9%$60/sqft |
Source: | ||
| 3/3/2009 | Price change | $69,900-6.7%$64/sqft |
Source: foreclosure.com Report a problem | ||
| 2/4/2009 | Price change | $74,900-6.3%$68/sqft |
Source: foreclosure.com Report a problem | ||
| 1/1/2009 | Price change | $79,900-15.8%$73/sqft |
Source: foreclosure.com Report a problem | ||
| 12/11/2008 | Listed for sale | $94,900-16.1%$86/sqft |
Source: foreclosure.com Report a problem | ||
| 9/18/2008 | Sold | $113,156-29.3%$103/sqft |
Source: Public Record Report a problem | ||
| 10/27/2006 | Sold | $159,950+34.8%$145/sqft |
Source: | ||
| 5/31/2001 | Sold | $118,666$108/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,785 +6.3% | $338,600 +3.1% |
| 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






