About this home

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.

Location

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Basics

Property type: Single Family Residence
Style: 1 Story
Stories: 1 story
Condition: Good
Year built: 1945 (renovated 1988)
Lot size: 19,600 sq ft (0.45 acres)
County: Pierce
MLS #: NWM2506001

Interior

Heating: Baseboard
Cooling: None
Flooring: Vinyl Plank, Carpet
Entry level: Main

Exterior & lot

Exterior features: Metal/Vinyl
Roof: Composition
Lot features: Dead End Street, Value In Land
Topography: Level
Waterfront: No

Parking

Parking spaces: 2
Garage: Yes
Covered spaces: 2
Parking features: Driveway, Detached Garage

Utilities

Water: Public
Sewer: Sewer Connected
Power: Electric

Community & fees

Subdivision: Lakewood
Property tax: $5,356 (2025)

Transaction

Original list price: $875,000 (8.7% price cut)
Listed on: Dec 23, 2025
Days on market: 271
Price per sq ft: $960
Listing terms: Assumable, Cash, Conventional, VA Loan
Possession: Closing, Subject To Tenant Rights

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Sale history

Earlier listings of this home on the MLS.

2025-12-23: Active$799,000
2015-04-23: Sold$100,000
2015-04-23: Sold$100,000
2015-04-23: Sold$100,000

Schools

School district: Lakewood

Elementary: Buyer To Verify
Middle: Buyer To Verify
High: Clover Park High School
Top 93% in WA

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Listing provided courtesy of: eXp Realty

Listing agent: Claire Fralish.

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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-08-01.