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.
Listing Provided Courtesy of Dan Dodge, All Real Estate Solution
General Information
NWM2479359
Land
36
DOM
2.62 acres
0
Multi-F
Pierce
Tillicum Elem
Woodbrook Mid
Clover Park Hig
Land
Land
Listing Provided Courtesy of Dan Dodge, All Real Estate Solution
Krishna Realty data last checked: Apr 05, 2026 10:33 | Listing last modified Mar 20, 2026 17:09,
Source:
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Residence Information
0
42 - Multi-Family
Features and Utilities
Available
In Street
Financial
1680
Cash, Conventional, Owner Will Carry, See Remarks
02-12-2026
Comparable Information
36
36
Cash, Conventional, Owner Will Carry, See Remarks
$600,000
$600,000
Mar 20, 2026 17:09
Schools
Elementary : Tillicum ElemN/ARatings Middle : Woodbrook Mid N/ARatings High : Clover Park HigN/ARatings
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.
