Lakewood Homes with 56 - 10+ Units Style

Welcome to Lakewood, Washington, a vibrant community nestled in Pierce County that perfectly blends suburban charm with urban convenience. Known for its lush landscapes and friendly atmosphere, Lakewood is an ideal place for families, young professionals, and retirees alike. With its close proximity to Tacoma and Seattle, residents enjoy easy access to city amenities while savoring the tranquility of a welcoming neighborhood.

Lakewood boasts a diverse range of homes, including multi-family residences with 56 to 10+ units, making it a fantastic option for investors and those seeking a community feel. These properties often feature modern amenities and spacious layouts, catering to a variety of lifestyles. Whether you’re looking for a cozy apartment or a larger unit in a well-maintained complex, Lakewood's housing market offers something for everyone.

The neighborhood is not just about beautiful homes; it’s also rich in recreational opportunities. With numerous parks, lakes, and walking trails, outdoor enthusiasts will find plenty of ways to enjoy nature. The nearby American Lake and Fort Steilacoom Park are perfect for picnics, hiking, and water activities, ensuring that residents can embrace an active lifestyle.

Families will appreciate the quality schools and community programs available, while local shops and restaurants provide a charming small-town feel without sacrificing convenience. Lakewood's strong sense of community and commitment to growth make it an exceptional place to call home. Explore the possibilities in Lakewood today, where comfort, community, and opportunity await!

Newest Lakewood Homes with 56 - 10+ Units Style

$1,775,000

2525348 MLS ⋅ ACTIVE Status

$126K PER UNIT & 6.44% 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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