LISTING DETAILS

Boat Street 8

15107 Boat St SW Lakewood WA 98498

Listing #: 708946 | Status: Available | Last Modified: 4/15/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	106,362
Vacancy Factor %	5.00%
Operating Expenses	39,345
Net Operating Income	61,698
CAP Rate	6.77 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	6.769

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	1
# of Units	8
Total Building SF	3,080 SF
Net Rentable Area	3,080 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	12,197 SF
Acres	0.28
Year Built	1959
Construction Type	Wood

Property Type
Property Type	Multi-Family
Investment	Yes

Location
County	Pierce
Market Area	Lakewood
Tax ID #	0219212117
Zoning	MR2

Lakewood 8-Unit For Sale

Public Comments

The Gross Monthly Rent totals 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

Boat Street 8
15107 Boat St SW Lakewood WA 98498

Listing #: 708946 | Status: Available | Listing Date: 2/21/2026 | Last Modified: 4/15/2026 | Email Listing

For Sale

Boat Street 8

Listing Images