15107 Boat Street Sw, Lakewood, WA 98489

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: reid jones
Office: westlake associates, inc.
MLS#:2483087
Source:NWMLS
15107 Boat Street Sw,Lakewood, WA 98489
$1,025,000
  • - Beds
  • - Baths
  • 3,080 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,025,000
  • Price per sq. ft.:$332.79

About this home

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 control a million dollar asset with an estimated $250,000 equity investment. Through disciplined financing, a modest capital contribution can translate into ownership of an eight-unit income-producing property supported by cash flow, principal paydown, and long-term appreciation. New ownership will acquire

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Home facts

  • Year built:1959
  • Listing ID #:2483087
  • Updated:February 26, 2026 at 08:43 PM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Unit(s)

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:$1,025,000
  • Price per sq. ft.:$332.79
  • Tax amount:$6,572 (2026)
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