Lakewood Homes with 56 - 10+ Units Style

Welcome to Lakewood, Washington, an enchanting neighborhood nestled in the heart of Pierce County, just a stone's throw from the vibrant city of Tacoma. Known for its lush greenery and serene lakes, Lakewood offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and retirees alike.

One of the standout features of Lakewood is its diverse range of housing options, with homes that boast 56 to over 10 units in style. This means you can find everything from charming multi-family residences to spacious townhomes, catering to various lifestyles and budgets. Whether you’re seeking a cozy abode for a growing family or a lucrative investment opportunity, Lakewood’s real estate market has something for everyone.

The community is rich in amenities, with parks, shopping centers, and dining options just around the corner. Lakewood’s recreational offerings are abundant, featuring beautiful parks like Fort Steilacoom Park, where you can enjoy walking trails, picnic areas, and even a historic fort. The nearby American Lake provides opportunities for boating and fishing, making it a favorite spot for outdoor enthusiasts.

Education is also a priority in Lakewood, with highly-rated schools and educational programs that cater to children of all ages. The neighborhood fosters a strong sense of community, with regular events and activities that bring residents together.

In Lakewood, you’ll discover not just a home, but a lifestyle filled with warmth and opportunity. Come and explore all that this charming neighborhood has to offer!

Newest Lakewood Homes with 56 - 10+ Units Style

$1,650,000

2525348 MLS ⋅ ACTIVE Status

MOTIVATED SELLER! $117K PER UNIT & 6.93% CAP RATE | Gen Villas is a cash-flowing value-add 14-unit apartment community situated on 2.62 acres in a serene creek-side setting surrounded by lush greenery in Lakewood, located less than 2 miles from Joint Base Lewis-McChord, Pierce County’s largest employer. The property consists of 14 units across two separate buildings: a 6-unit building located at the front of the property, originally constructed in 1972, and an 8-unit building situated at the rear of the property, built in 1955. The unit mix includes one 4-bedroom / 3-bathroom unit, one 3-bedroom / 1-bathroom unit, three 2-bedroom / 1-bathroom units, and nine 1-bedroom / 1-bathroom apartments. Seven units at the property have been updated to a similar finish level as photographed in Unit 5, featuring luxury vinyl plank flooring, fresh interior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the remaining 7 units and increase rents approximately 17% to market. A Additionally, Units 1, 2, and 4 include in-unit washer and dryer stacks, while the remaining units benefit from access to an on-site community laundry facility. Residents benefit from an ample supply of off-street parking, including 6 carports and 3 surface parking stalls serving the front building, as well as an additional 16 surface parking stalls designated for the rear building.

12413 Bridgeport Way SW, Lakewood

Listing courtesy of Blake Investment Advisors.

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