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12-Unit Duplex Apartment Property
For Sale
$2,100,000

11002 Idlewild Road SW, Lakewood, WA 98498

Six duplex buildings provide a varied unit mix, on-site laundry, and several upgraded building components.

Property SizeContact for details
Days on Market52

Property Features for 11002 Idlewild Road SW

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 12

Amenities

on-site laundry
Baseboard
Wall Furnace
Metal

Building Details

Year Built 1955
Buildings 6
Stories 1
Listing Agency: Keller Williams Realty Tacoma
Listed By: Matt Harber · License #WA
Source: Kw
Added: Sep 16 Changed: Oct 30 Last Checked: Nov 4 at 3:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Tacoma

Rey
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Investment Insights

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This apartment property comprises 12 rental units arranged across 6 duplex buildings. Each duplex includes one 2-bedroom, 1-bath residence and one 1-bedroom, 1-bath residence, creating an even mix across the property. The buildings contain a combined 6,240 square feet and were constructed in 1955.

Property improvements include interior updates in several units, newer siding on portions of the exteriors, and metal roofing. An on-site laundry facility serves the residents and provides an additional operating feature. The property occupies 1.334 acres at 11002 Idlewild Road SW in Lakewood, Washington, with paved access and partial fencing.

Key Highlights

  • 12 rental units across 6 duplex buildings
  • Unit mix includes 2‑bedroom and 1‑bedroom residences, each with 1 bath
  • Combined building area of 6,240 square feet

Property Analytics

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Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

71
Businesses Nearby

Demographics for 98498, WA

29,982
Population
12,842
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
3,028
Density / Sq Mi
$88,382
Median Household Income
$50,994
Median Earnings
$1,604
Median Rent
$458,200
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in Pierce County, WA

$259 Jul
$252 Aug
$244 Sep
$246 Oct

Properties on Market for Apartment buildings in Pierce County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six duplex buildings provide a varied unit mix, on-site laundry, and several upgraded building components.
Where is this apartment building located?
The property is located at 11002 Idlewild Road SW Lakewood, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12 rental units across 6 duplex buildings; Unit mix includes 2‑bedroom and 1‑bedroom residences, each with 1 bath; Combined building area of 6,240 square feet
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