Property Details

6411 150th St SW
Lakewood, WA 98439
$1,850,000
CBA# 716396 courtesy of CBA Listing firm: Keller Williams Realty – Federal Way

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6411 150th St SW, Lakewood

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Commercial
Property Type
748
Bldg Sq Ft
6.00%
Cap Rate
1964
Year Built

Property Overview

ALL PERMITS IN HAND on this 84 Unit Garden style Apartment complex in the heart of redeveloping Lakewood. VALUE IN LAND. Located just a stones throw from JBLM and Multiple Warehouse projects including an Amazon Fulfillment center, Prologis, and many more. Very high rental demand. Unit layout includes 48 2 bed/2 bath unit layout and 36 1 bed/ 1 bath unit layout. Price includes full plan sets, civil engineering, and permits. Please call/email listing agent for plans and civil. Existing home on the property. Market rent is 2200.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Pierce
Listed Aug 12, 2026

Financial Summary

Cap Rate 6.00%

Building & Use

Building Sq Ft 748
Zoning MF2
Possible Use Multi-Family,Land
Year Built 1964

Exterior & Lot

Year Built 1964

Location

City Lakewood
County Pierce
Coordinates 47.12210, -122.52200
Listed By
Vasily Stepin
Keller Williams Realty – Federal Way

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