Lakewood Homes with 56 - 10+ Units Style

Welcome to Lakewood, Washington—a vibrant city nestled in the heart of Pierce County, where picturesque landscapes meet a thriving community spirit. With its stunning views of Mount Rainier and proximity to the sparkling waters of Puget Sound, Lakewood is a hidden gem that offers both tranquility and adventure. Known for its diverse neighborhoods, Lakewood boasts a rich history and a strong sense of community, making it an ideal place for families, professionals, and retirees alike.

When it comes to real estate, Lakewood shines with an impressive selection of homes, particularly those featuring 56 to 10+ units. These multifamily properties provide an excellent opportunity for investors and homeowners looking to expand their portfolios or find a spacious living environment. With a range of styles and designs, these homes cater to various tastes and lifestyles, ensuring that everyone can find their perfect fit.

The multifamily homes in Lakewood are strategically located near essential amenities, including shopping centers, parks, and schools, making daily life convenient and enjoyable. The city’s commitment to community development and infrastructure ensures that residents can thrive in a safe and welcoming environment.

Moreover, Lakewood’s vibrant cultural scene, with events and activities throughout the year, fosters a strong sense of belonging among residents. Whether you're looking to invest or find your dream home, Lakewood’s multifamily properties offer an unparalleled opportunity to embrace a lifestyle filled with community, comfort, and natural beauty. Explore the possibilities today and discover why Lakewood is the perfect place to call home!

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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