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$498,750
2 Beds ⋅ 1 Baths ⋅ 2577497 MLS
Over 1 acre with exciting potential for future development and additional housing opportunities. The solid 2-bedroom, 1-bath brick bungalow offers 1,300+ sq. ft. of finished living space, plus approximately 800 sq. ft. of unfinished space, and includes a detached 2 car garage. Ideally situated at the front of the parcel, the home leaves a substantial portion of the property available for potential additional homes, duplexes, or other residential development. The property is fully fenced, and the existing home is in good condition. Sold as-is through an estate sale. Ideally located near JBLM, I-5 corridor improvements, shopping, schools, parks within walking distance, and nearby lakes. Future area improvements include a Sounder station and a 1.3-mile shared-use trail connecting Tillicum and Lakewood, expected to open in late 2026. A rare opportunity to acquire over an acre in a high-demand area with significant future development and income-producing potential. Buyer to independently verify all information, zoning, permits, development potential, and applicable requirements with the City of Lakewood and Pierce County to their satisfaction.

15202 Washington Avenue SW, Lakewood
$495,000
2 Beds ⋅ 1 Baths ⋅ 2568648 MLS
Bring your investors. Two homes on one large 19,000 sq. ft. level lot. The oversized lot provides abundant space for RV parking, outdoor entertaining, gardening, or potential future expansion or development. Located 1 block from American Lake and Harry Todd Park and minutes to JBLM, Camp Murray, I-5, public transit. Restaurants, shopping, recreation and hospitals are nearby. Must check with the City of Lakewood for zoning.

14429 Portland Avenue SW, Lakewood
$1,850,000
3 Beds ⋅ 1 Baths ⋅ 2567065 MLS
ALL PERMITS IN HAND on this 84 Unit Garden style Apartment complex in the heart of redeveloping Lakewood. VALUE IN LAND. Located just a stones throw from JBLM and Multiple Warehouse projects including an Amazon Fulfillment center, Prologis, and many more. Very high rental demand. Unit layout includes 48 2 bed/2 bath unit layout and 36 1 bed/ 1 bath unit layout. Price includes full plan sets, civil engineering, and permits. Please call/email listing agent for plans and civil. Existing home on the property. Market rent is 2200.

6411 150th Street SW, Lakewood
$649,999
2555073 MLS
Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.

8311 Lake Street SW, Lakewood
$399,000
3 Beds ⋅ 1 Baths ⋅ 2553266 MLS
Explore your options with a move-in-ready 3BR 1664 sq ft home, plus a rare opportunity to also expand and develop your property. This jewel is situated on a level .63 acre lot featuring a functional one-story layout with a finished basement, offering flexible living options. The main level includes two bedrooms, a full bath, refreshed kitchen, living and dining area, while the finished basement adds a third bedroom along with expansive bonus spaces ideal for a media room, home office, gym, hobby area, or multigenerational living. This versatile property offers incredible possibilities for homeowners and investors, alike. The oversized lot provides abundant space for RV and boat parking, outdoor entertaining, gardening, or potential future expansion or development. With its location just a couple of minutes from JBLM, Camp Murray, I-5, public transit and near shopping, recreation and hospitals, this is a great opportunity own in one of Lakewood’s most accessible neighborhoods. Call and schedule a tour!

15401 Grant Avenue SW, Lakewood
$549,950
1 Beds ⋅ 1 Baths ⋅ 2550097 MLS
MUST SEE! LIVING WITH EXTRA INCOME FROM ADU! THIS UNIQUE PROPERTY features 2 separates home with different address on ONE PARCEL. Excellent income potential or Generation living, main home 8902 Forest Rd. SW has 988 sf home include Bonus room or hobby room, Kitchen, Living room, Dining room, full bathroom and Laundry room, Exterior Deck with access to unfinished basement. Detached ADU 8901 Rose Rd. SW. has 612 sf. feature 1 Bedroom, 3/4 bath and 1 detached car garage. Built in Murphy bed, living room with Kitchen that included Refrigerator, Stove and Washer/Dryer. Few blocks to American Lake park and boat launch. Easy to Freeway and close to all other services. ADU contractor lock box code 147# it will need same code to closed.

8902 Forest Road SW, Lakewood
$220,000
3 Beds ⋅ 2 Baths ⋅ 2541153 MLS
Welcome to Alpine Estates, a well-maintained all ages manufactured home community in Lakewood! This move in ready home offers comfortable single-level living with an open floor plan LVP flooring, new windows and updated bathroom and kitchen, spacious living area, bright kitchen, and generously sized bedrooms. Enjoy a private yard, 32x8 covered side deck, covered parking, and fully finished 12x16 shop space and roof is only one year old. Conveniently located near I-5, JBLM, shopping, dining, parks, and everyday amenities, making commuting and daily living a breeze. A great opportunity for affordable homeownership!

6622 146th Street SW Unit #10, Lakewood
$599,900
2544520 MLS
Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, & vinyl flooring in the kitchen, bath, & laundry areas. The lower unit also offers 2 bedrooms & 1 bath with laminate and vinyl flooring throughout, & has new stove and dishwasher. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill & passed through to tenants along with utilities. The furnace & water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential & may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

8601 8603 Maple Street SW, Lakewood
$519,000
2505117 MLS
Turnkey, fully remodeled commercial building on a high-visibility corner lot in the heart of Lakewood. Perfect for owner-users or investors, this property features highly flexible NC2 zoning, permitting professional office, medical, wellness, retail, or live-work uses. The modern interior features high-end finishes, granite countertops, updated systems, 7 private offices, 2 conference rooms, 2 bathrooms, and 2 kitchenettes. Currently a single-suite layout, the building is already equipped with 2 separate meters, allowing for an easy two-suite conversion by simply closing off a small section. Outside, the property boasts prominent signage opportunities and rare, abundant on-site parking with approximately 20 spaces. This parking advantage is further enhanced by a valuable easement encumbering the adjacent parcel, providing exceptional flexibility and future redevelopment leverage. Strategically located with rapid access to JBLM, Tacoma, DuPont, and Olympia, this highly adaptable asset is move-in ready and positioned for significant long-term upside.

14718 Union Avenue SW, Lakewood
$1,499,000
2459837 MLS
Don’t miss out on this rare opportunity to own a spacious, one-story commercial building in Lakewood area. This three-unit building is currently occupied by a Smoke shop, Tattoo business and 4,412 Sq. Ft was a former military accessories business that space is vacant and looking for the new tenants or great opportunity to the open your own business. This year finished the new fresh painting on the building. Property is located on a high traffic area of near freeway just across from the JBLM/Camp Merry military bases.

15101 Union Avenue SW, Lakewood
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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.