15107 Boat Street Sw, Lakewood, WA 98489

Local realty services provided by:Knipe Realty ERA Powered
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 22, 2026 at 11:56 AM

Rooms and interior

  • 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

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,025,000
  • Price per sq. ft.:$332.79
  • Tax amount:$6,572 (2026)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of February 22, 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.

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