List Search

8814-8815 Lochburn Ln
Lakewood, WA 98499 North Lakewood

Price Upon Request

Apartments For Sale  •  10,504 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,504 SF
  • Lot Size 0.5 AC
  • Building Class C
  • Year Built 1950
  • Zoning RM, Tacoma
0 Transit Score
65 Walk Score

Highlights

Renovated Asset With Upside Through Stabilization of Rents
Priced at 6.39% Current Cap Rate
8 Unit & 10 Unit Adjacent Buildings on Separate Parcels
Attractive Financing Options With I/O Generating 7.15%+ COC Return on Current

Financial Summary (Actual)

Net Operating Income: $165,504 USD (2025)
Total Expenses: $103,420 USD

Amenities

  • Fireplace
  • Heating
  • Kitchen
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 16 min - 8.4 mi
AirportDriveWalkDistance
Seattle-Tacoma International 39 min - 31.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes