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Lakewood, WA Multifamily Homes & Duplexes for Sale

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  • /30

    $965,000

    • 8 Beds
    • 4 Baths
    • 2,848 Sq Ft

    7508 Cody St W, Lakewood, WA 98499

    Investor Alert! RARE OPPORTUNITY to own a Class A (2017 built) 4 plex in Lakewood! Perfect candidate for the savvy investor looking for a well located, low maintenance property to jumpstart their real estate investing career or defer taxes via 1031 exchange. Each unit offers 2 BR/1BA with spacious rooms, refrigerator, dishwasher and in-unit washer/dryer. Dedicated off street parking, fully fenced

    Aaron Nelson Skyline Properties, Inc.

    7508 Cody St W, Lakewood, WA 98499
  • /19

    $799,000

    • 6 Beds
    • 4 Baths
    • 2,376 Sq Ft

    8508 Berkeley Ave SW, Tacoma, WA 98498

    FULLY remodeled classic clinker brick rambler 4-plex near JBLM with easy access to I-5. New roof, new electrical, and new plumbing are highlighted by updated flooring, kitchen, bedrooms, and baths. Plenty of parking and quiet, private backyard space. Successful track record for rented units. Fantastic location for commuters, those who work at JBLM and Madigan, and near the Lakewood Sounder

    Nicolas Lind Commencement Bay Brokers LLC

    8508 Berkeley Ave SW, Tacoma, WA 98498
  • /21

    $565,000

    • 4 Beds
    • 2 Baths
    • 1,436 Sq Ft

    8804 Forest Rd SW, Lakewood, WA 98498

    2 houses 1 lot! Investor alert! 8802 762 sq ft remodeled 2x1 vacant and 8804 674 sq ft 2x1 with tenants at ~$1500 a month. Fully permitted with two septic systems running like a spinning top. Located in the ever improving Tillicum, nestled gently between American Lake, Tacoma Country club, I5, and JBLM.

    Matthew Linden Pellego, Inc.

    8804 Forest Rd SW, Lakewood, WA 98498
  • /22

    $1,185,000

    • 6 Beds
    • 6 Baths
    • 3,076 Sq Ft

    9227 -9229 SW Kenwood, Lakewood, WA 98498

    Built in 2022, this very low maintenance duplex is a dream to own. Easy to rent with modern finishing, fenced yards nearby American Lake Park. Each side has 5 parking places, which include a rare double car garage. The main floor is all plank flooring while the second floor bedrooms and hallway are carpeted. Tenants will love the air conditioning, window blinds and sliding door to the patio and

    Chris Hanson John L. Scott Dupont

    9227 -9229 SW Kenwood, Lakewood, WA 98498
  • /22

    $659,000

    • 4 Beds
    • 2 Baths
    • 1,548 Sq Ft

    6803 Steilacoom Blvd SW, Lakewood, WA 98499

    Freshly renovated duplex. Rent out both or live in one and rent the other. Both 2 bed/ 1 bath. Newer appliances, quartz granite counters. Baths have been updated. All final touch ups have been done for ready move in. Has a detached 2 car garage, could be used for additional income or possible additional unit. Don't miss this one, come see it.

    Tetyana Kudrovskiy Skyline Properties, Inc.

    6803 Steilacoom Blvd SW, Lakewood, WA 98499
  • /11

    $785,000

    • 6 Beds
    • 4 Baths
    • 3,120 Sq Ft

    6518 Steilacoom Blvd SW, Lakewood, WA 98499

    Well kept property in a very convenient location near shopping and entertainment. Business use is allowed Zoning. Unit "B" is VACANT.

    Dave Reames Reames Realty & Prop Mgmt, Inc

    6518 Steilacoom Blvd SW, Lakewood, WA 98499
  • /6

    $480,000

    • 4 Beds
    • 2 Baths

    3320 90th St S, Lakewood, WA 98499

    Investment opportunity. This duplex is on a large lot near South Tacoma Way inside the Lakewood International District. Main floor unit is 1,403 SF with 2 bed & 1 bath. Basement unit is 1,338 with 2 bed & 1 bath. Comes with a detached garage. Located close to freeways, bus stops, shops, restaurants, & JBLM. Lots of potential with the land.

    Oudi Kumendong TS Property Management

    3320 90th St S, Lakewood, WA 98499
  • /28

    $830,000

    • 4 Beds
    • 2 Baths
    • 2,404 Sq Ft

    7123 Foster St SW Unit A&B, Lakewood, WA 98499

    Charming mid-century duplex perched above Lake Steilacoom with lake views from both units! Just 30 steps to a public waterboat launch, plus public fishing and swimming access—motorized boats allowed. Each 2 bed, 1 bath unit offers 1,202 sq ft, original hardwood floors, arched doorways, and a cozy brick exterior. Enjoy lake views from the upper unit's Trex deck or relax on the lower unit's large

    Nam Kim Inspire Realty

    7123 Foster St SW Unit A&B, Lakewood, WA 98499
  • /39

    $655,000

    • 4 Beds
    • 3 Baths
    • 1,893 Sq Ft

    124 Crestwood Dr SW, Lakewood, WA 98498

    Comfortable & spacious one-story home w/ attached studio apartment in back. The home features a new roof & solar system installed in September 2022, contributing to incredible savings on power bills. The home has skylights offering bright natural light, three spacious bedrooms, a large kitchen & fully fenced front yard for pets & private socializing. It's located in a quiet neighborhood just two

    David Pichler Real Broker LLC

    124 Crestwood Dr SW, Lakewood, WA 98498
  • /18

    $1,400,000

    • 10 Beds
    • 5 Baths
    • 3,880 Sq Ft

    Unlisted Address

    Own a house and two (2) duplex on one incredible property—now featuring brand-new roofs, fresh exterior paint, and fully remodeled kitchens in all units. Each unit also includes new washers and dryers, making this a true turnkey investment. Whether you're a first-time homebuyer looking to offset your mortgage by living in one unit and renting the others, or seeking the ideal setup for

    Oudi Kumendong TS Property Management

    Unlisted Address
  • /29

    $1,150,000

    • 4 Beds
    • 3 Baths
    • 4,551 Sq Ft

    8314 Spruce St SW, Lakewood, WA 98498

    Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement.

    Vikki Iverson COMPASS

    8314 Spruce St SW, Lakewood, WA 98498
  • /34

    $1,125,500

    • 12 Beds
    • 4 Baths

    11213 Kline St SW, Lakewood, WA 98499

    Prime 4-Unit Multi-Family investment with ~7% cap rate! Generating $8K in monthly rental income with stable tenants in place. This large 27k sqft lot has 2 single family homes and 1 duplex. All the units enjoy spacious interiors and large yards. The property is ideally located near major freeways, JBLM, and Lakewood Transit Station. This turnkey property offers strong cash flow and excellent

    Peggy Kellogg Targa Real Estate Services Inc

    11213 Kline St SW, Lakewood, WA 98499
  • /19

    $11,500,000

    • 54 Beds
    • 51 Baths

    10240 Bridgeport Way SW, Lakewood, WA 98499

    We are pleased to present Town Centre Village, a premier investment opportunity in Lakewood, WA. This offering includes 2 well-maintained buildings: a 41,072SF mixed-use property comprising 33 residential units and 9 commercial spaces with frontage along Bridgeport Way, and a 6,932SF 4-Plex featuring 2 & 3 bedroom units. Ample parking is offered, including 40 surface spaces, 31 gated spaces,

    Brendan Greenheck Northmarq Multifamily, LLC

    10240 Bridgeport Way SW, Lakewood, WA 98499
  • /26

    $520,000

    • 3 Beds
    • 3 Baths
    • 2,026 Sq Ft

    5503 112th St SW, Lakewood, WA 98499

    Investment Opportunity! Discover this cash-flowing tri-plex on a spacious corner lot. Two units are currently occupied by long-term tenants, ensuring positive steady income. Features include on-site laundry facilities, 5 dedicated parking spots, and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Don't

    Shawn Darden Pellego, Inc.

    5503 112th St SW, Lakewood, WA 98499

Why Live in Lakewood

During its development, Lakewood earned a reputation as a retreat for Seattle royalty, attracting affluent crowds to its abundant lakes and country clubs. About 10 miles south of Tacoma, Lakewood retains that status today, offering lush gardens, golf courses and nature scenes like those at American Lake. With a population of 64,000, Lakewood is a diverse military-oriented city centered around Joint Base Lewis-McChord, the most extensive base in the western United States. "Lakewood is a proud community that supports and embraces its military families," says Robyn Rodriguez, Real Estate Agent at Realty One Group Turn Key with over 15 years of experience in Washington. "It's more suburban than Tacoma with city amenities and a diverse blend of young people, retired folks and multigenerational families." Towering pine trees provide shade and dust the streets with red needles, while bushes and shrubs are classic landscaping features. Some of Lakewood's most desirable neighborhoods include Central Lakes , Oakbrook and South Lakes . Typical housing architecture includes Craftsman-style cottages and ranch-style homes, which can be single-, bi-level or elevated. The median price of a single-family home in Lakewood

Home Trends in Lakewood, WA

Housing Trends

Median Sale Price
$704,908
Median Single Family Sale Price
$709,904
Median 2 Bedroom Sale Price
$269,950
Average Price Per Sq Ft
$325
Number of Homes for Sale
5
Last 12 months Home Sales
66
Months of Supply
0.90
Median List Price
$699,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%
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