7727 146th Street SW, Lakewood, WA 98439

Property Description

2.62-acre apartment site in low property tax Lakewood plus low vacancy rates and a reduced listing price for extra multiunit cash flow. Building area is in the front 1/3 of property (wetlands beyond). MF1 zoning. Best guess is approximately 20 units. Price reduced plus super owner contract at 3% first year, 4% second year, 5% third year, and 6% for remainder of term (3-2-1 buydown). Seller will negotiate price for a cash out offer. Excellent location for apartment construction with Amazon directly across the street and other major employers in the immediate area. Great access to JBLM and the I-5 Freeway with just a quick commute north to Tacoma or south to Olympia. Property is located between 7817 and 7717 146th Street SW (address is an approximation).

Listing Status:

Active

Data Last Updated:

February 14, 2026 at 7:20AM

Listing Office:

All Real Estate Solution : 253-539-1675

Listing Agent:

Dan Dodge : 253-539-1675

MLS ID:

2479359

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Exterior

• General: BrushLightly Treed

Construction

• General: 42 - Multi-Family

Location

• Road/Access: Paved
• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Clover Park
• County: Pierce

Lot

• Topography: Level
• Zoning: 0219222038
• View: TerritorialView
• Restrictions: See Remarks

Utilities

• Utilities: Electricity Available
• Water: Available
• Sewer: In Street

Financial

• Source: nwmls