**ALERT** 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. All kitchen appliances stay, washer/dryer hook ups in all units!
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Zillow last checked:
Listing updated:
Listed by:
Tamara Paul,
RE/MAX Northwest
Source: NWMLS as distributed by MLS GRID,MLS#: 2555633
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 6
Heating
Baseboard, Electric
Cooling
None
Features
Flooring: Laminate, Carpet
Has fireplace: No
Interior area
Total structure area: 6,066
Total interior livable area: 6,066 sqft
Property
Parking
Total spaces: 10
Uncovered spaces: 10
Features
Has view: Yes
View description: Territorial
Lot
Size: 0.62 Acres
Dimensions: 225 x 120
Features: Corner Lot, Curbs, Paved, Sidewalk
Details
Parcel number: 5230000295
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 5-9 Units
Property subtype: Multi Family
Materials
Wood Siding
Foundation: Slab
Roof: Composition
Condition
Good
Year built: 1962
Major remodel year: 1985
Utilities & green energy
Electric: Company: TPU
Sewer: Sewer Connected, Company: Pierce County Sewer
Water: Public, Company: Lakewood Water District
Utilities for property: Xfinity, Xfinity
Community & HOA
Community
Subdivision: Lakewood
Location
Region: Lakewood
Financial & listing details
Price per square foot: $352/sqft
Annual tax amount: $12,656
Date on market: 6/4/2026
Cumulative days on market: 69 days
Listing terms: Conventional
Estimated market value
Zestimate®
$2,005,900
Estimated sales range
$1.91M - $2.11M
Rent Zestimate®
$2,229/mo
Price history
Date
Event
Price
7/16/2026
Listed for sale
$2,137,500$352/sqft
Source: NWMLS as distributed by MLS GRID #2555633Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.