This exceptional 12-unit apartment building in University Place, Washington, presents a compelling investment opportunity. Built in 1957 and situated on a 0.99-acre lot (42,216 sq ft) at 6807 Lakewood Dr W, 98467, this property boasts a prime location adjacent to the Meadow Park Golf Course. The two, one-story buildings comprise efficiently designed one-bedroom, one-bathroom units, each averaging 11,700 square feet. Recent upgrades include modernized interiors featuring hard surface…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?

$12k

Tax billed · 2024

Assessed value$1.00M

Assessed land$786k

Assessed improvement$216k

Effective rate1.24%

Value estimate

· Nov 2026

$1.69M

$1.52M – $1.85M

AI approach$1.68M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?

$236/SF

County average, outlier-cleaned · 597 recorded sales of this use type

Observed band · Q1–Q3$140 – $436

Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

MUD

JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency28.5

Wholesale Shop26.0

Building Supply22.3

6807 Lakewood W Dr, Unit 6809 University Place, WA 98467-3201

County assessor Recorded deeds · 10 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby

Address Sale price Sold Size

5217 Orch, Tacoma, WA 98467-4807 $369,719 Jan 2024 3,552 SF

4913 Orch, Tacoma, WA 98467-3697 $731,250 Oct 2021 3,612 SF

5015 Orch, Tacoma, WA 98467-4811 $710,000 Jul 2021 3,728 SF

5037 Orch, Tacoma, WA 98467-3671 $349,719 Jan 2021 3,728 SF

7308 56th W, University Place, WA 98467-2141 $620,000 Jun 2020 3,536 SF

7310 56th St W, University Place, WA 98467-2185 $390,000 Dec 2019 3,536 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$445,000

3,536 SF

7310 56th St W Ct

APARTMENT HOUSE (5+ UNITS)

7310 56th St W Ct, University Place, WA 98467-2185

View Details
Value Estimation
$450,000

3,536 SF

5611 73rd Ave W Ct

APARTMENT HOUSE (5+ UNITS)

5611 73rd Ave W Ct, University Place, WA 98467-2164

View Details
Value Estimation
$450,000

3,536 SF

7418 56th St W Ct

APARTMENT HOUSE (5+ UNITS)

7418 56th St W Ct, Tacoma, WA 98467-2189

View Details
Value Estimation
$460,000

3,536 SF

7406 56th W St

APARTMENT HOUSE (5+ UNITS)

7406 56th W St, University Place, WA 98467-2151

View Details
Value Estimation
$450,000

3,536 SF

7417 56th St W Ct

APARTMENT HOUSE (5+ UNITS)

7417 56th St W Ct, Tacoma, WA 98467-2153

View Details
Value Estimation
$455,000

3,536 SF

7410 56th W St

APARTMENT HOUSE (5+ UNITS)

7410 56th W St, University Place, WA 98467-2157

View Details

Similar Nearby for Sale

New

$850,000

3,664 SF

Fourplex with Private Garages

Four two-bedroom apartments pair in-unit laundry with individual garages and storage lockers.

5209 Orchard, Tacoma, WA 98467

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New

$1,100,000

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Four-Unit Duplex Portfolio

Two duplexes on separate parcels offer four units with in-unit laundry, garages, and wood-burning fireplaces.

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New

$625,000

2,440 SF

Two-Unit Duplex with Attached Garages

Each residence has two bedrooms, one and a half baths, and a low-maintenance yard.

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Two-Duplex Multifamily Property

Four residential units are arranged across two separate parcels in a semi-private dead-end road setting.

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6807 Lakewood W Dr 6809 University Place, WA 98467

Property summary