Lakewood Homes with 55 - 5-9 Units Style

Welcome to Lakewood, Washington—a vibrant community nestled in Pierce County, just south of Tacoma and a stone’s throw from the stunning natural beauty of Mount Rainier. This charming city boasts a rich history and a diverse population, making it an ideal place for families, young professionals, and retirees alike. With its lush parks, scenic lakes, and a plethora of recreational activities, Lakewood is a haven for those who appreciate the great outdoors.

One of the most appealing features of Lakewood is its unique residential offerings, particularly the homes styled with 5 to 9 units. These thoughtfully designed properties provide a blend of comfort and community, perfect for those seeking a more intimate living environment. Each unit is crafted with attention to detail, ensuring ample space and modern amenities that cater to today’s lifestyle. Whether you’re looking for a cozy two-bedroom or a spacious three-bedroom layout, these homes offer a perfect balance of privacy and social interaction.

The neighborhood is also well-connected, with easy access to major highways and public transportation, making commuting a breeze. Lakewood is home to a variety of shopping, dining, and entertainment options, ensuring that residents have everything they need right at their fingertips. Plus, with a strong sense of community and numerous local events throughout the year, you’ll quickly feel at home in this welcoming environment.

Discover the charm of Lakewood and explore the wonderful homes available in this delightful neighborhood. Your dream home awaits!

Newest Lakewood Homes with 55 - 5-9 Units Style

$2,137,500

2555633 MLS ⋅ ACTIVE Status

**ALERT** Investment Opportunity in the heart of Lakewood! This well-maintained 8-plex - 100% occupancy with a strong rental history and consistently low vacancy rates. Several units have been thoughtfully updated over time, featuring modern kitchen cabinetry, refreshed bathrooms, updated flooring, and newer water heaters, helping minimize future capital expenditures while enhancing tenant appeal. Situated on a desirable corner lot, the property offers excellent visibility, ample on-site parking, and additional street parking for residents and guests. Pride of ownership is evident throughout with fresh exterior paint, attractive landscaping, and consistent upkeep that contributes to strong tenant retention and long-term investment stability. Ideally located in close proximity to Joint Base Lewis-McChord (JBLM), this property benefits from strong rental demand while offering convenient access to shopping, dining, parks, schools, public transportation, and major commuter routes. A turnkey multifamily asset with proven performance, this 8-plex presents a rare opportunity to acquire a well-maintained, income-producing property in one of Lakewood's most sought-after markets. All kitchen appliances stay, washer/dryer hook ups in all units!

8303 John Dower Road SW, Lakewood

Listing courtesy of RE/MAX Northwest.

$2,100,000

2535832 MLS ⋅ ACTIVE Status

Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.

11002 Idlewild Road SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma.

$1,650,000

2497467 MLS ⋅ ACTIVE Status

Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.

4902 111th Street SW, Lakewood

Listing courtesy of HDN Real Estate.

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