Login

15107 Boat Street Sw, Lakewood, WA 98489

Lakewood
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: reid jones
Office: westlake associates, inc.
MLS#:2483087
Source:NWMLS
15107 Boat Street Sw,Lakewood, WA 98489
$990,000
  • - Beds
  • - Baths
  • 3,080 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$990,000
  • Price per sq. ft.:$321.43

About this home

Gross Monthly Rents total to $9,330 per month. New ownership will acquire the property at a low basis, priced at approximately $123,750 per unit, with solid occupancy and a 6.77% cap rate on current rents and expenses, well below institutional-scale multifamily pricing across the Puget Sound region. 15107 Boat Street SW is an eight-unit value-add opportunity located in a lakeside enclave in Lakewood, Washington. The property’s nautical identity stands apart from typical Lakewood offerings, supported by immediate proximity to the American Lake boat launch and surrounding waterfront amenities. Originally constructed in 1959, the asset consists of a 3,080 square-foot multifamily building situated on a 12,500 square-foot (0.29-acre) lot. Adjacent to the property, a new townhome community was recently developed on a similarly sized parcel, reinforcing long-term residential demand and land value in the immediate area. The Boat Street 8 presents investors with the opportunity to...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1959
  • Listing ID #:2483087
  • Updated:April 25, 2026 at 11:03 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Plank
  • Living area:3,080 sq. ft.

Structure and exterior

  • Roof:Flat Roof
  • Year built:1959
  • Building area:3,080 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Dead-end Street, Paved
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Fenced-Partially, Patio

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$990,000
  • Price per sq. ft.:$321.43
  • Tax amount:$6,572 (2026)

Parking

  • Total parking spaces:12
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 25, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

New listings near 15107 Boat Street Sw