Lakewood Homes with 56 - 10+ Units Style

Welcome to Lakewood, Washington – a vibrant community nestled in the heart of Pierce County. Known for its stunning natural beauty and rich cultural tapestry, Lakewood offers a unique blend of suburban charm and urban convenience. With its picturesque parks, serene lakes, and welcoming neighborhoods, it’s no wonder that families, professionals, and retirees alike are drawn to this splendid area.

One of the standout features of Lakewood is its diverse housing market, particularly homes with 56 to 10+ units. These multi-family properties provide an excellent opportunity for investors and those seeking spacious living arrangements. Whether you’re considering a charming apartment complex or a larger residential building, Lakewood's real estate options cater to a variety of needs and lifestyles.

Residents enjoy easy access to a wealth of amenities, including shopping centers, dining establishments, and recreational facilities. The nearby American Lake and Fort Steilacoom Park offer residents ample opportunities for outdoor activities, from hiking and biking to picnicking and boating. Additionally, the community prides itself on its strong educational institutions, making it a fantastic place for families with children.

With a rich history and a commitment to community development, Lakewood is not just a place to live; it’s a place to thrive. Whether you’re looking to invest in a multi-family property or find a new home for your family, Lakewood welcomes you with open arms. Explore the possibilities that await you in this beautiful corner of Washington State!

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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