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$699,000
3 Beds 3 Baths 2530236 MLS ACTIVE Status
Exceptional opportunity on South Tacoma Way with convenient access to I-5, Highway 512, JBLM, and surrounding commercial corridors. Situated on a generous 16,553 sq ft level lot, this versatile property offers a wide range of potential uses for owner-users, investors, entrepreneurs, service businesses, office, retail, or future redevelopment possibilities. Existing improvements include a newer addition, creating added flexibility for a variety of business or mixed-use concepts.Property features strong exposure, convenient access, and ample parking in a high-traffic Lakewood location surrounded by established businesses and continued area growth. Commercial/residential zoning may provide additional opportunities and flexibility for future use or expansion. Rare chance to secure a well-located property with accessibility and long-term upside in a sought-after South Tacoma Way corridor.

9722 South Tacoma Way, Lakewood

Listing courtesy of Skyline Properties, Inc..

$1,650,000
2525348 MLS ACTIVE Status
MOTIVATED SELLER! $117K PER UNIT & 6.93% CAP RATE | Gen Villas is a cash-flowing value-add 14-unit apartment community situated on 2.62 acres in a serene creek-side setting surrounded by lush greenery in Lakewood, located less than 2 miles from Joint Base Lewis-McChord, Pierce County’s largest employer. The property consists of 14 units across two separate buildings: a 6-unit building located at the front of the property, originally constructed in 1972, and an 8-unit building situated at the rear of the property, built in 1955. The unit mix includes one 4-bedroom / 3-bathroom unit, one 3-bedroom / 1-bathroom unit, three 2-bedroom / 1-bathroom units, and nine 1-bedroom / 1-bathroom apartments. Seven units at the property have been updated to a similar finish level as photographed in Unit 5, featuring luxury vinyl plank flooring, fresh interior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the remaining 7 units and increase rents approximately 17% to market. A Additionally, Units 1, 2, and 4 include in-unit washer and dryer stacks, while the remaining units benefit from access to an on-site community laundry facility. Residents benefit from an ample supply of off-street parking, including 6 carports and 3 surface parking stalls serving the front building, as well as an additional 16 surface parking stalls designated for the rear building.

12413 Bridgeport Way SW, Lakewood

Listing courtesy of Blake Investment Advisors.

$650,000
3 Beds 2 Baths 2509480 MLS ACTIVE Status
This is a one owner home and shows pride of ownership. If you are looking to downsize this home is it. Move in ready for you. Recent improvements include new electrical panel and outside meter. New gutters with screens. Fireplace inspected and cleaned with cap and flashing. New lights fixtures. Updated sewer line installed in 2021. Original hardwood floors that are beautiful, carpeting in family room professionally cleaned. New gas water heater. Inground sprinkler front and back. This spacious lot offers many possibilities to include room for future expansion. Many fruit trees and mature landscaping. Minutes to JBLM, close to Lakewood Town Center, I-5 and shopping. Clean and move in ready, This home is ready to be called yours!!!

5304 108th Street SW, Lakewood

Listing courtesy of Better Properties Kitsap.

$509,950
4 Beds 2 Baths 2522273 MLS ACTIVE Status
Step inside this well-kept home offering a comfortable, functional layout that makes everyday living easy. The main living space connects naturally to the dining area and kitchen, creating a practical flow that works well for both daily routines and entertaining. The home feels open and inviting throughout. Bedrooms are well-sized and flexible for guests or a home office setup depending on needs. Out back, you’ll find a fully fenced backyard that’s perfect for pets, play, and outdoor gatherings, with space to relax or enjoy time outside. Located just minutes from Lakewood Town Center for shopping, dining, and everyday essentials, plus quick access to JBLM, freeway routes, parks, and schools, this home offers convenience in every direction. A solid option for a buyer looking for comfort, function, and a place that fits real life.

2607 92nd Street S, Lakewood

Listing courtesy of Premier Real Estate Partners.

$244,000
2 Beds 2 Baths 2518109 MLS ACTIVE Status
VA APPROVED CONDO! Welcome Home! Located in the heart of Lakewood and convenient to everything. Across the street from Lakewood Towne Center and tucked off of Gravelly Lake Drive, Le Ponce De Leon Condo #44 is Available NOW! Home complete with 1065 square feet, 2 bedrooms, and 2 separate bathrooms. Living room has a cozy wood-burning fireplace and slider to the private, covered deck and mostly-fenced backyard. Perfect for entertaining! PLUS, wall of windows brings in a lot of natural light. Efficient kitchen offers all appliances and enough cabinets and counters for your cooking needs. Durable laminate flooring flows from the kitchen into the dining room, which provides room for a large table. Primary suite complete with good-sized bedroom, plenty of closet space, and private 3/4 bath. Complex backs to Ponce de Leon Creek and has an open courtyard, outdoor pool, and clubhouse. Your HOA dues of $386/month include water, garbage, and lawn care. Unit #44 has a designated covered parking spot and additional private storage available in the laundry room. Complex is VA approved, FHA may be possible with site approval.

10430 Gravelly Lake Drive SW Unit #44, Lakewood

Listing courtesy of eXp Realty.

$639,900
4 Beds 3 Baths 2517887 MLS ACTIVE Status
Striking modern architecture meets natural warmth in this one-of-a-kind residence in the quiet Hill Terrace Estates neighborhood. Defined by its bold angular design, cedar siding, and rich wood-wrapped interior, the home seamlessly blends indoor and outdoor elements for a truly cohesive living experience—complemented by the durability and clean lines of a metal roof. An eye-catching undulating fence softens the geometric form, while the elevated catwalk entry creates a dramatic sense of arrival and anticipation.Inside, the open-concept layout is amplified by a loft-style second level, soaring vaulted ceilings, expansive floor-to-ceiling windows, and abundant skylights—filling the home with natural light and enhancing its airy, inviting feel.This spacious multi-level home offers 4 bedrooms, 2.5 baths, and 3,246 sq ft on a generous half-acre lot. The main floor features a well-appointed kitchen that flows effortlessly into the dining and living areas, along with a bedroom, half bath, and a cozy gas fireplace that anchors the living space. Upstairs, you’ll find a loft overlooking the main living area and a private primary suite with a full bath. The lower level adds versatility with an additional gas fireplace, utility room, full bath, and two additional rooms—ideal for guests, office space, or hobbies.

10702 Hill Terrace SW Terrace SW, Lakewood

Listing courtesy of eXp Realty.

$649,000
3 Beds 3 Baths 2513032 MLS ACTIVE Status
A rare blend of classic Tudor character and thoughtful modern comfort, this impeccably maintained home sits on a private dead-end street surrounded by mature, manicured landscaping. The main level impresses with bamboo hardwood floors, a skylit entry, and a great room centered around a gas fireplace. Bay windows connect the sunken living and dining areas, while the granite-appointed eat-in kitchen frames a stunning view of the backyard — complete with a covered patio, raised garden beds, and established fig and pear trees. A spacious bonus room with sliding door access to the yard offers flexible space for a fourth bedroom, home office, or den. Upstairs, three generous bedrooms include a primary suite with a sweeping bay window, walk-in closet, and a spa-inspired ¾ bath with heated floors and a granite shower. New carpet throughout the upper level adds a fresh, move-in ready feel. A detached workshop shed with workbenches, two-car garage, and an oversized driveway complete this exceptional offering. Ask about the assumable loan at 2.25%!

6423 76th Street Ct W, Lakewood

Listing courtesy of Redfin.

$1,079,000
3 Beds 3 Baths 2502073 MLS ACTIVE Status
Welcome to life inside Tacoma Country & Golf Club. Tucked on a quiet dead-end street, this single-level home offers 3 bedrooms and over 2,700 sq ft of effortlessly designed living. Enjoy championship golf, club dining, a community pool, and American Lake access just a short stroll or golf cart ride away. This home lives large, with multiple living areas filled with natural light from expansive windows, creating a warm and open feel throughout. The kitchen is built for entertaining, featuring granite counters, stainless appliances, a walk through pantry, an island cooktop, and flows seamlessly into both formal and casual gathering spaces. Step outside and the backyard does the rest. A heated in-ground pool, expansive deck, and total privacy make this an entertainer’s dream! A circular driveway sets the tone from the moment you arrive, offering a gracious welcome and ample guest parking. Mornings on the course, afternoons by the pool, and evenings at the club. This is the kind of lifestyle you don’t want to miss. Just in time for summer!

12 Forest Glen Lane SW, Lakewood

Listing courtesy of Morrison House Sotheby's Intl.

$799,000
2508142 MLS ACTIVE Status
Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.

12524 Addison Street SW, Lakewood

Listing courtesy of eXp Realty.

$409,000
2 Beds 2 Baths 2502297 MLS ACTIVE Status
Welcome to easy, low-maintenance living in the heart of Lakewood! This well-designed rambler with two bedrooms plus a den/office condo offers the perfect blend of comfort, functionality, and privacy—ideal for today’s lifestyle. Step into a spacious open-concept living and dining area featuring soaring vaulted ceilings and a cozy gas fireplace, creating a bright and inviting atmosphere that lives larger than expected. The versatile den/office provides the flexibility you need for working from home, hobbies, or a guest space. The dining area flows seamlessly to a covered patio—perfect for year-round outdoor enjoyment, morning coffee, or evening relaxation. This home also features a large two-car garage with ample room for storage, a rare and valuable feature in condo living. Situated as one half of a duplex, you’ll enjoy added privacy with fewer shared walls, all within a gated community offering private roads and a quiet, well-maintained environment. Conveniently located near shopping, services, and major commuting routes, this property offers both comfort and accessibility. Whether you’re looking to simplify your lifestyle or secure a smart long-term investment, this condo checks all the boxes.

7600 52nd Avenue W Unit #47, Lakewood

Listing courtesy of Washington Realty Group.

$1,300,000
2506148 MLS ACTIVE Status
Rare highly profitable, established, trendy and turnkey franchise Asian restaurant and bar business, located in a high traffic strip mall. Strong franchise support and low franchise fee. This well-known local establishment has built a loyal customer base and consistently delivers strong financial performance with reliable year-over-year growth. Spacious and welcoming atmosphere with over 80 sitting, have made it a staple gathering place within the community. The business benefits from a favorable location with a supportive landlord, and very attractive lease terms; and a dependable, tenured staffs that help ensure smooth daily operations. The current ownership has maintained a consistent operational model with strong franchise support. While already performing strongly, there remains additional upside for a new owner through enhancing alcohol sales, current bar is not fully utilized. Additional information is available to qualified buyers upon execution of a Non-Disclosure Agreement. *Sales figures based on 2025 Tax Return.

1888 XXXX Street, Lakewood

Listing courtesy of Specialty Real Estate Group.

$799,000
3 Beds 2 Baths 2506001 MLS ACTIVE Status
Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.

12524 Addison Street SW, Lakewood

Listing courtesy of eXp Realty.

$669,990
3 Beds 2 Baths 2503262 MLS ACTIVE Status
Craftsman-style, NEW construction and MOVE-IN ready--3 BR, 2 Bath, 2120 SF, one-story with garage and fully fenced, landscaped yard on a 9,126 SF (.210 acre) corner lot. City of Lakewood permitted and inspected to code. Open-style great room with fireplace, 19’x19’ kitchen with a 10’x 3.8’ island and an adjacent dining area. New kitchen appliances, cabinets, quartz countertops and pantry. Mud and laundry room. Everything NEW--foundation to roof ridge: framing, HardiePlank siding, roof, gutters, low-e windows, ext and int doors, covered front Trex porch, “thermal-dome” insulation, dry wall, trim, LVP flooring, carpeted BRs, 200-amp underground electrical system, central HVAC (gas heat and air cond), 30 recessed lights. MUST SEE!

10125 115th Street SW, Lakewood

Listing courtesy of homecoin.com.

$459,000
3 Beds 2 Baths 2503171 MLS ACTIVE Status
“Back on market, no fault of the seller!" Skip the stress of weekend renovations! This completely updated, meticulously maintained turn-key home offers a clean, move-in-ready alternative to outdated neighborhood inventory. Featuring a highly efficient, minimal-waste floor plan, this layout is easy to maintain, allowing more freedom to live life as you please. Enjoy a generously sized dining area and a spacious living room. The smart bedroom designs live large, once accommodating a King-sized bed in the primary suite, multiple twin beds in the secondary room, and a full bedroom/office setup in the third. Step outside to your expansive 9,000-square-foot backyard—an outdoor oasis with ample space for entertaining, gardening, and play that you simply cannot find in newer developments. Tucked away in a premier location close to schools, shopping, the VA Hospital, premier golf courses, and multiple lakes, this home offers incredibly fast freeway access while remaining remarkably quiet, thanks to a peaceful natural lake buffer. Located just minutes from JBLM, this is the ultimate haven for military families and commuters alike. Do not miss your second chance at this gem! ONE YEAR AMERICAN HOME SHIELD WARRANTY PROVIDED WITH MUTUALLY ACCEPTED OFFER.

9808 Lawndale Avenue SW, Lakewood

Listing courtesy of Berkshire Hathaway HS CW RE.

$689,999
3 Beds 3 Baths 2501509 MLS CONTINGENT Status
IMPROVED PRICE! Meticulously maintained home in the heart of University Place & in the highly regarded UP School district. Enter into the living room w/gas fireplace, newer carpet & custom window treatments. Up 1/2 flight of stairs is the remodeled kitchen including granite counters, a large island w/bar seating, pantry storage, wine fridge, custom lighting & formal dining space. French doors lead out to a gorgeous Trex deck. Down the hall are 2 bedrooms, a full remodeled bath, & a Primary Suite w/double closets, newer carpet & remodeled bath w/tile floors & shower surround. Large bonus room downstairs w/newer carpet, wood burning fireplace, remodeled 3/4 bath, and bonus XXL storage space. Backyard is an OASIS, fully fenced with a 2 story Trex deck, lower patio & tons of space for relaxing, gardening, & entertaining. 50 year roof in 2017, New garage doors, New concrete driveway, new water heater, all this just moments from schools, shopping, golf.

7902 64th Street Ct W, University Place

Listing courtesy of eXp Realty.

$1,650,000
2497467 MLS ACTIVE Status
Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.

4902 111th Street SW, Lakewood

Listing courtesy of HDN Real Estate.

$395,000
3 Beds 2 Baths 2492286 MLS ACTIVE Status
Prime Lakewood opportunity offering flexibility, income potential, and long-term upside! This well-maintained 3-bedroom, 2-bath home spans approximately 1,100 sq ft and presents immediate rental, owner-occupant, or light value-add potential. Existing improvements include updated appliances, custom cabinetry, and functional living spaces, creating a comfortable and move-in-ready environment with room to personalize. Situated on a generous lot with a large storage area, the property offers excellent flexibility for outdoor use, expansion, or future development. Zoning allows for up to three units (buyer to verify), making it an ideal option for builders, investors, or buyers seeking to maximize long-term value. Unique opportunity to purchase alongside neighboring property, creating a potential multi-home or multi-unit setup. Ideal for owner-occupants exploring a “live in one, rent the other” strategy, multi-generational living, or investors looking to expand their portfolio with side-by-side assets. Located in a high-demand rental corridor near JBLM with easy access to I-5, shopping, and dining, this property is well-positioned for strong rental performance, appreciation, and future growth.

6148 88th Street SW, Lakewood

Listing courtesy of Coldwell Banker Bain.

$375,000
2 Beds 1 Baths 2492283 MLS ACTIVE Status
Fully renovated Lakewood opportunity offering exceptional flexibility, lifestyle, and income potential! This beautifully updated home features brand-new appliances, custom cabinetry, and modern interior finishes, delivering stylish turnkey living. The light-filled interior and thoughtful upgrades create a clean, move-in-ready space ideal for both homeowners and investors. Situated on a spacious lot with a large storage shed, the property provides ample room for outdoor enjoyment, storage, expansion, or future development. Zoning allows for up to three units (buyer to verify), presenting strong upside for builders or long-term hold investors seeking to maximize value. Unique opportunity to purchase alongside neighboring property, creating a potential multi-home or multi-unit setup. Ideal for owner-occupants exploring a “live in one, rent the other” strategy, multi-generational living, or investors looking to expand their portfolio with side-by-side properties. Located in a high-demand rental corridor near JBLM with convenient access to I-5, shopping, dining, and everyday amenities, this property combines comfort, versatility, and long-term growth potential in a rapidly developing Lakewood location.

6146 88th Street SW, Lakewood

Listing courtesy of Coldwell Banker Bain.

$55,000
2 Beds 2 Baths 2492231 MLS ACTIVE Status
Welcome home to this beautifully remodeled 2-bedroom, 2-bath manufactured home located in a desirable 55+ manufactured home park in Lakewood, Washington. This home offers comfort, style, and convenience with thoughtful updates throughout. Featuring a nicely remodeled interior, this home includes granite slab countertops, large kitchen, LVP flooring throughout, and tile flooring in the kitchen for a clean and modern feel. The spacious layout offers a large laundry room, extra storage, and plenty of natural light. Outside, you’ll enjoy beautiful landscaping, garden space, and rare parking for up to 4 vehicles. This is a great opportunity to own a move-in-ready home in a peaceful and well-maintained community.

8515 31st Avenue Ct S Unit #37, Lakewood

Listing courtesy of Better Properties Hometown.

$425,000
3 Beds 1 Baths 2486801 MLS ACTIVE Status
Move in ready and thoughtfully updated, this inviting home is tucked into a desirable pocket neighborhood known for its quiet streets and sense of community. Recent improvements include refreshed flooring throughout, and a full interior repaint, creating a bright, clean feel from room to room. The kitchen has been updated with upgraded cabinets and finishes offering a functional and welcoming space for everyday living and entertaining. Bathrooms have also been tastefully updated to enhance comfort and style. Major updates include a roof replaced within the last five years and a recently updated garage door, adding peace of mind for the next owner. With many of the key improvements already completed, this well cared for home allows for an easy transition and the opportunity to simply move in and enjoy. Conveniently located near shopping, dining, schools and commuter routes; while still feeling tucked away, this property offers the perfect balance of accessibility and neighborhood charm.

3103 90th Street S, Lakewood

Listing courtesy of Kelly Right RE of Seattle LLC.

$1,104,950
3 Beds 1 Baths 2480442 MLS ACTIVE Status
This fully paved and fenced property offers exceptional access, visibility, and flexibility just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is ideal for owner-users, investors, or businesses seeking a strategic location in the heart of Lakewood’s industrial corridor. The property features two versatile buildings. The 1,260 sq/ft 1½-story building can function as a residential home or professional office and includes three bedrooms, one bathroom, a kitchen, and flexible interior space suitable for administrative or live/work use. The 6,604 sq/ft 1-story brick warehouse/manufacturing building is well-suited for food production, cold storage, distribution, or light manufacturing. The building features include three walk-in coolers, one walk-in freezer, a full kitchen, and dedicated storage areas, offering turnkey functionality for specialized operations. With strong street frontage, secure fencing, ample yard space, and excellent proximity to transit and freeway access, this property delivers both operational efficiency and long-term upside. Location plus utility makes this a rare opportunity in a high-demand industrial market. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. Ideal for owner-operators seeking a live/work setup or investors targeting stable industrial demand with flexible future use potential.

3819 94th Street SW, Lakewood

Listing courtesy of John L. Scott, Inc.

$1,104,950
2470923 MLS ACTIVE Status
This fully paved and fenced property offers exceptional access, visibility, and flexibility just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is ideal for owner-users, investors, or businesses seeking a strategic location in the heart of Lakewood’s industrial corridor. The property features two versatile buildings. The 1,260 sq/ft 1½-story building can function as a residential home or professional office and includes three bedrooms, one bathroom, a kitchen, and flexible interior space suitable for administrative or live/work use. The 6,604 sq/ft 1-story brick warehouse/manufacturing building is well-suited for food production, cold storage, distribution, or light manufacturing. The building features include three walk-in coolers, one walk-in freezer, a full kitchen, and dedicated storage areas, offering turnkey functionality for specialized operations. With strong street frontage, secure fencing, ample yard space, and excellent proximity to transit and freeway access, this property delivers both operational efficiency and long-term upside. Location plus utility makes this a rare opportunity in a high-demand industrial market. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. Ideal for owner-operators seeking a live/work setup or investors targeting stable industrial demand with flexible future use potential.

3819 94th Street SW, Lakewood

Listing courtesy of John L. Scott, Inc.

$1,775,000
3 Beds 3 Baths 2476626 MLS ACTIVE Status
Quietly approached by a private forested driveway over a flowing creek, an Alan Liddle–redesigned home rests on 12 ACRES of tranquility. A peaceful & inspiring setting could easily spark the imagination of an artist or writer. Towering rhododendrons soften the architecture, while sounds of nature accompany you under the covered walkway to the entrance. The natural light draws you to a generous library with built-ins & fireplace creating an intimate retreat for reading & reflection. The adjoining living room is anchored by a fireplace & a dramatic wall of floor-to-ceiling windows creating a striking backdrop for a grand piano. French doors open to a patio overlooking Chambers Creek, expansive lawn—ideal for entertaining or quiet evenings at home. The dining room flows seamlessly enjoying creek views beneath a crystal-adorned chandelier. The kitchen offers an eating bar & sunny nook with views of the rear garden & patio, blending everyday comfort and effortless living. The primary suite is a sanctuary of its own featuring a sitting area with a gas fp & access to a private balcony overlooking the landscape. 2 additional bedrooms enjoy peaceful views of nature & creek. Meandering paths thru emerald lawns, a private pond visited by ducks & a salmon-spawning stream with gentle rapids & waterfalls. The creek winds along the property, enhancing seclusion & connection as a canopy transforms into brilliant colors. An irreplaceable estate where architecture, nature & lifestyle converge.

6817 79th Street W, Lakewood

Listing courtesy of Windermere Prof Partners.

Based on information submitted to the MLS GRID as of . 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.
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