Lakewood Homes with 56 - 10+ Units Style

Welcome to Lakewood, Washington – a vibrant community nestled in the heart of Pierce County, where natural beauty meets suburban charm. This picturesque city is renowned for its lush landscapes, friendly neighborhoods, and a strong sense of community. With its proximity to both Tacoma and Seattle, Lakewood offers residents the perfect blend of serene living and urban convenience.

Lakewood is home to a variety of housing options, particularly appealing for those seeking multifamily residences. The area boasts an impressive selection of homes with 56 to 10+ units, ideal for investors and homeowners alike. These properties often feature spacious layouts, modern amenities, and access to beautiful outdoor spaces. Whether you're looking for a cozy apartment complex or a larger multifamily dwelling, Lakewood has something to suit your needs.

The neighborhood is characterized by its diverse culture and community-oriented spirit. Residents enjoy access to numerous parks, recreational facilities, and scenic lakes, making it a perfect spot for outdoor enthusiasts. The nearby American Lake and Fort Steilacoom Park provide ample opportunities for hiking, fishing, and picnicking, while the local dining and shopping scene offers a delightful array of options to explore.

Families will appreciate the quality education provided by the Lakewood School District, which is committed to fostering a positive learning environment. With a strong sense of belonging and a wealth of amenities, Lakewood is more than just a place to live; it's a place to thrive. Come discover the charm of Lakewood – where your dream home awaits!

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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