Lakewood Multifamily Investment
15107 Boat St SW, Lakewood, WA 98498
Eight-unit multifamily property near American Lake boat launch.
Type:Multifamily
Property size:
3,080 SFLot size:
0.29 AcresPrice / SF:
$332/SF- Added:
- Feb 21, 2026
- Days on Market:
- 80
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 15107 Boat St SW
General Information
- Standard status
- Active
- Size
- 3,080 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing agent Reid Jones License #87080
Listing office Westlake Associates, Inc.
Listing date Feb 21, 2026
Source Crexi
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 Westlake Associates, Inc.
HighLights
- Value‑add opportunity in a lakeside location near American Lake boat launch.
- Eight‑unit income‑producing property with cash flow, principal paydown, and long‑term appreciation potential.
- Low acquisition basis at approximately $128,125 per unit.
- Solid occupancy and a 6.54% cap rate on current rents and expenses.
- Located in a growing residential area, evidenced by a recently developed adjacent townhome community.
- Opportunity to control a million dollar asset with an estimated $250,000 equity investment.
Overview
Located in Lakewood, Washington, 15107 Boat Street SW is an eight-unit multifamily property. Constructed in 1959, the 3,080 square-foot building is situated on a 12,500 square-foot (0.29-acre) lot. The property is located in a lakeside area, near the American Lake boat launch and waterfront amenities. A new townhome community was recently developed on a similarly sized parcel adjacent to the property. The property is priced at approximately $128,125 per unit, with solid occupancy and a 6.54% cap rate on current rents and expenses.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.558947
- Latitude
- 47.1242677
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near American Lake boat launch.
Where is this apartment building located?
The property is located at 15107 Boat St SW Lakewood, WA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Value‑add opportunity in a lakeside location near American Lake boat launch.; Eight‑unit income‑producing property with cash flow, principal paydown, and long‑term appreciation potential.; Low acquisition basis at approximately $128,125 per unit.
