Listed by Better Properties Real Estate, Bought with Skyline Properties, Inc.
$1,900,000
SOLD MAR 28, 2025

6807 6809 Lakewood Dr SW University Place, WA 98467

South Tacoma Neighborhood
12 Beds
12 Baths
6,720 Sq Ft
0.99 Acres

Recently Sold

$283 Per Sq Ft

3% Below List Price

Highlights

  • 0.99 Acre Lot
  • Property is in very good condition
  • 1-Story Property
  • No HOA

About This Home

As of March 2025

Upgraded a few years ago, the Meadow Park Court apartments are a 12-unit offering sitting on Lakewood Dr and across from the Meadow Park Golf Course. Resting on an approximate acre of centrally located real estate, Meadow Park Court is comprised of efficiently laid out 1-bedroom 1-bath units, holding modernized interior finishes. Inside you’ll find hard surface countertops, stainless steel appliance package, newer cabinets, newer LVP flooring, and updated bathroom and kitchen fixtures. In addition to interior improvements, current ownership has upgraded plumbing, electrical, roof, siding, and landscaping. Buyer to verify all information, including school district. 11 units are below market rent. All month to month tenants. Truly a gem!

Last Agent to Sell the Property

Mark Hulen

Better Properties Real Estate License #50093 Listed on: 01/31/2025

Better Properties Real Estate

Last Buyer's Agent

Raul Barna

Skyline Properties, Inc. License #134347

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2327843

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,879

Year Built

  • Built in 1957

Lot Details

  • 0.99 Acre Lot
  • Property is in very good condition

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Stone Siding
  • Wood Composite
  • Stone

Interior Spaces

  • 6,720 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 18 Parking Spaces
  • Open Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 545000620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,879

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1957
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6720
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 12
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Construction Type: Stone, Wood
  • Exterior Features: Stone, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 18
  • Open Parking: Yes
  • Total Parking Spaces: 18
  • ParkingUncoveredSpaces: 18

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 5993

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 545000620
  • Lot Size Acres: 0.9921
  • Lot Size Sq Ft: 43216
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 15445

Multi Family

  • Gross Scheduled Income: 181065
  • Net Operating Income: 136635
  • Number Of Units Total: 12
  • Insurance Expense: 8933
  • Leasable Area: 6720
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 11879

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 Sold $1,900,000 -2.6% $283 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $1,950,000 -- $290 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Hulen

    Seller's Agent in 2025

    Mark Hulen

    Better Properties Real Estate

    (253) 589-2680

    16 in this area

    202 Total Sales

    Mark Hulen
    Section Image
  • Raul Barna

    Buyer's Agent in 2025

    Raul Barna

    Skyline Properties, Inc

    (360) 572-9715

    1 in this area

    80 Total Sales

    Raul Barna
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2327843

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County University Place 98467 South Tacoma

6807 6809 Lakewood Dr SW, University Place, WA

This home is located at 6807 6809 Lakewood Dr SW, University Place, WA 98467 and is currently priced at $1,900,000, approximately $282 per square foot. This property was built in 1957. 6807 6809 Lakewood Dr SW is a home located in Pierce County with nearby schools including Manitou Park Elementary School, Gray Middle School, and Mount Tahoma High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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