Lakewood Homes with 42 - Multi-Family Style

Welcome to Lakewood, Washington—a vibrant city nestled in the heart of Pierce County, just south of Tacoma and a stone’s throw from the breathtaking beauty of Mount Rainier. Known for its lush green parks, serene lakes, and a welcoming community, Lakewood offers a perfect blend of urban convenience and natural splendor. With a rich history and a diverse population, this city is a great place to call home.

For those interested in multi-family living, Lakewood boasts an impressive array of homes designed to accommodate various lifestyles. The multi-family style homes here are not just structures; they represent a community-oriented way of life, ideal for families, investors, and anyone looking to enjoy the benefits of shared living. These properties often feature spacious layouts, modern amenities, and beautifully landscaped grounds, making them perfect for both residents and renters alike.

Lakewood’s convenient location provides easy access to major highways and public transportation, ensuring that you’re never far from the excitement of nearby Tacoma or the tranquility of the Puget Sound. Residents can enjoy an abundance of recreational activities, from hiking and biking in the nearby parks to exploring local shops and eateries that reflect the city’s diverse culture.

Whether you’re seeking a cozy unit for yourself or an investment opportunity in a thriving area, Lakewood’s multi-family homes offer the perfect solution. Experience the charm of this lovely city and discover why so many choose to make Lakewood their home. Come and explore the possibilities today!

Newest Lakewood Homes with 42 - Multi-Family Style

$799,000

2508142 MLS ⋅ ACTIVE Status

Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.

12524 Addison Street SW, Lakewood

Listing courtesy of eXp Realty.

$399,950

2479359 MLS ⋅ ACTIVE Status

2.62-acre apartment site in low property tax Lakewood plus low vacancy rates and a reduced listing price for extra multiunit cash flow. Building area is in the front 1/3 of property (wetlands beyond). MF1 zoning. Best guess is approximately 20 units. Price reduced plus super owner contract at 3% first year, 4% second year, 5% third year, and 6% for remainder of term (like a 3-2-1 buydown). Seller will negotiate price for a cash out offer. Excellent location for apartment construction with Amazon directly across the street and other major employers in the immediate area. Great access to JBLM and the I-5 Freeway with just a quick commute north to Tacoma or south to Olympia. Property is located between 7817 and 7717 146th Street SW. Price reduced $200,000 for quick sale.

7727 146th Street SW, Lakewood

Listing courtesy of All Real Estate Solution.

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