Map of Property

Meadow Park Apartments

For Sale

6807 Lakewood Dr W, University Place, WA 98467

This University Place property for sale is located at 6807 Lakewood Dr W. The current listed sale price for Meadow Park Apartments is $1,800,000. Meadow Park Apartments is situated on a lot that is 0.99 acre in size.

Contacts

broker
Austin Kelley

Kidder Mathews

broker
Ted Sipila

Kidder Mathews

Property Details

  • Property Type Multi-Family
  • Property Size 42,216 SF
  • Units 12
  • Lot Size 0.99 Acre
  • Cap Rate % 6.49
  • Additional Rent Contact for pricing
  • Year Built 1957
  • Year Renovated 2016
  • Date Updated Nov 20, 2024
  • Price/Unit$150,000.00
  • Cap Rate-%
  • Average Unit SF3518

Built in 1957 and recently upgraded, the Meadow Park apartments are a 12-unit offering sitting on Lakewood Dr and adjacent to the Meadow Park Golf Course. Resting on an acre of centrally located real estate, Meadow Park is comprised on efficiently laid out 1-bedroom 1-bath units holding modernized interior finishes. Inside you’ll find hard surface countertops, stainless steel appliance package, new cabinets, new LVP flooring, and updated bathroom and kitchen fixtures. In addition to interior improvements, current ownership has upgraded outdated plumbing, electrical, roof, siding, and landscaping. Offered to investors at an inplace cap of 6.47%, this cash flowing opportunity is well positioned to provide new ownership consistent returns, low future capital expenditures, and an excellent cost per unit basis

 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 64/100

    Walk Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City University Place, WA
  • Neighborhood Woodside Creek
  • Zip Code 98467
  • Market Seattle

Points of Interest

  • Lakewood

    2.93 miles

  • Saint Joseph

    4.37 miles

  • St Joseph

    4.37 miles

  • South 25th Street

    4.59 miles

  • S 25th St

    4.60 miles

  • Hilltop District

    4.71 miles

  • Union Station

    4.78 miles

  • Union Station/South 19th Street

    4.78 miles

  • Tacoma

    4.84 miles

  • Tacoma Dome

    4.85 miles

  • Mobil

    0.13 miles

  • Chevron

    0.36 miles

  • Shell

    0.74 miles

  • 76

    0.79 miles

  • ARCO

    0.80 miles

  • 7-Eleven

    1.41 miles

  • Blink

    1.72 miles

  • eVgo

    2.23 miles

  • Tesla Supercharger

    2.33 miles

  • Electrify America

    3.32 miles

  • South Tacoma Station Park & Ride

    1.16 miles

  • Lakewood Fish Hatchery

    1.33 miles

  • South Puget Sound Wildlife Area

    1.53 miles

  • Postal Workers Parking

    1.88 miles

  • South Tacoma West Park & Ride

    2.22 miles

  • South Tacoma East Park & Ride - South Side

    2.42 miles

  • South Tacoma East Park & Ride - North Side

    2.43 miles

  • Family Parking

    2.45 miles

  • University Place Town Center

    2.46 miles

  • Wapato Park Parking Lot

    2.52 miles

  • Best Western

    1.78 miles

  • Days Inn Lakewood

    2.01 miles

  • Days Inn

    2.06 miles

  • Western Inn

    2.19 miles

  • Motel 6

    2.28 miles

  • Red Lion Hotel & Conference Center

    2.33 miles

  • Hampton

    2.33 miles

  • Extended Stay America - Tacoma - South

    2.36 miles

  • Holiday Inn

    2.37 miles

  • Comfort Inn

    2.37 miles

  • Walmart Supercenter

    0.45 miles

  • Fred Meyer

    1.02 miles

  • Grocery Outlet

    1.38 miles

  • H Mart

    1.59 miles

  • Boohan Market

    1.83 miles

  • Big Lots

    1.88 miles

  • Marshalls

    2.18 miles

  • Nordstrom

    2.21 miles

  • Ross

    2.21 miles

  • Target

    2.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Meadow Park Apartments