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 (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 (address is an approximation).
Listing Provided Courtesy of Dan Dodge, All Real Estate Solution
General Information
NWM2479359
Land
5
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: Feb 22, 2026 08:46 | Listing last modified Feb 17, 2026 23:58,
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
5
5
Cash, Conventional, Owner Will Carry, See Remarks
$600,000
$600,000
Feb 17, 2026 23:58
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 (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 (address is an approximation).
