6148 88 Street SW
Lakewood, WA, 98499 $ 405,000
Bedrooms3 Baths1.1 Sq 1,100 Monthly Estimate*
$ 2,494
Listed by Coldwell Banker Bain
for $405,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,100 square foot home was built in 1966 on a lot size of 0.15.
Prime Lakewood opportunity offering flexibility, income potential, and long-term upside! This well-maintained 3-bedroom, 2-bath home spans approximately 1,100 sq ft and presents immediate rental, owner-occupant, or light value-add potential. Existing improvements include updated appliances, custom cabinetry, and functional living spaces, creating a comfortable and move-in-ready environment with room to personalize. Situated on a generous lot with a large storage area, the property offers excellent flexibility for outdoor use, expansion, or future development. Zoning allows for up to three units (buyer to verify), making it an ideal option for builders, investors, or buyers seeking to maximize long-term value. Unique opportunity to purchase alongside neighboring property, creating a potential multi-home or multi-unit setup. Ideal for owner-occupants exploring a “live in one, rent the other” strategy, multi-generational living, or investors looking to expand their portfolio with side-by-side assets. Located in a high-demand rental corridor near JBLM with easy access to I-5, shopping, and dining, this property is well-positioned for strong rental performance, appreciation, and future growth.
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FeaturesGeneralLiving Area 1100
Sewer Sewer Connected
Heating Wall Furnace
Cooling Wall Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1966
Levels One
Property Subtype Single Family Residence
Tax Year 2026
County Pierce
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Lakewood
Full Baths 1
Special Listing Conditions None
Status Active
Directions Bridgeport to West on 88th St. SW
High School Buyer To Verify
City Lakewood
Senior Community Y/N N
High School District Lakewood
MLS Area 36 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 6534
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Land Lease Y/N N
Tax Annual Amount 3447
Middle/Junior High School Buyer To Verify
Public Remarks Prime Lakewood opportunity offering flexibility income potential and long-term upside! This well-maintained 3-bedroom 2-bath home spans approximately 1 100 sq ft and presents immediate rental owner-o
Structure Type House
Building Area Units Square Feet
Standard Status Active
Property Style 10 - 1 Story
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InteriorBasement None
Flooring Vinyl
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 1
3/4 Baths 0
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 2
Power Production Type Electric
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 1
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 1
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1.5
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ExteriorExterior Amenities Wood
Parking Features None
Water Source See Remarks
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 1100
Lot Size Acres 0.15
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
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Internal OnlyOriginalMLSID NWM2492286
Street Number 1 6148
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* Excluded FeaturesList ByNatalie SuteyListing Agent
Coldwell Banker BainBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,494
- Monthly Property Taxes
- $287
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lakewood, WA
Average List Price $686,253
Percent of Sale Price 69%
About Lakewood, WA 60,280 Population
3% Since 2002
$ 47,045 Median Income
38.42 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
3100088 Elementary School
3100335 Middle School
Buyer To Verify High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/20/2026 | $405,000 | | Listed Price |