Map of Property

Wonderland Apartments

14402 Washington Ave SW, Lakewood, WA 98498

  • For Sale $1,995,000
  • Property Type Multi-Family
  • Property Size 9,340 SF
  • Units 10
  • Lot Size 43,125 SF
  • Cap Rate % 7
  • Additional Rent Contact for pricing
  • Year Built 1942
  • Date Updated Nov 19, 2024

Wonderland Apartments, located at 14402 Washington Ave SW, Lakewood, WA, is a 10-unit multifamily investment opportunity with significant value-add potential. The complex, built in 1942, consists of six buildings on a 43,125 SF lot. The units have an average size of 934 SF, totaling 9,340 SF of residential space.

 

Value-Add Potential Wonderland Apartments offers investors a significant value-add opportunity through strategic interior and exterior renovations. Modernizing unit interiors and adding community amenities such as updated common areas, fitness spaces, or outdoor recreational options can command higher rental premiums in a competitive market. Development Potential Wonderland Apartments features 1,200-1,500 SF of vacant space in one building that can be converted into two units. Please discuss the potential with the broker for more details. Proximity to Major Retail and Recreational Hubs Wonderland Apartments offers tenants immediate access to a wide variety of shopping, dining, and entertainment options, including the Lakewood Towne Center and nearby recreational areas like American Lake and Fort Steilacoom Park. This proximity to key lifestyle amenities drives tenant retention and demand. Strategic Location in Growing Lakewood Market Wonderland Apartments is centrally located in Lakewood, WA, a city experiencing significant growth due to its proximity to Tacoma and easy access to major employers like Joint Base Lewis-McChord (JBLM) and the expanding South Sound healthcare sector. The property is positioned to benefit from Lakewood's increasing demand for rental housing as the area attracts more professionals and military personnel.

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Contacts

broker
JD Fuller Is this you?

Kidder Mathews

broker
Dylan Simon Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable

  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Lakewood, WA
  • Neighborhood Tillicum
  • Zip Code 98498
  • Market Seattle

Points of Interest

  • Lakewood

    2.96 miles

  • Saint Joseph

    9.34 miles

  • St Joseph

    9.34 miles

  • South 25th Street

    9.39 miles

  • S 25th St

    9.39 miles

  • Tacoma

    9.59 miles

  • Tacoma Dome

    9.60 miles

  • Union Station

    9.66 miles

  • Union Station/South 19th Street

    9.66 miles

  • Hilltop District

    9.72 miles

  • Chevron

    0.71 miles

  • Madigan Express Station

    0.93 miles

  • 76

    1.30 miles

  • Arco

    1.33 miles

  • Pacific Pride

    1.93 miles

  • Texaco

    2.29 miles

  • North Express Gas Station

    2.46 miles

  • McChord Express

    2.49 miles

  • Shell

    2.66 miles

  • Blink

    3.36 miles

  • Patient

    1.34 miles

  • Reserved

    1.43 miles

  • Gov. Only

    1.52 miles

  • Shoreline Park Park & Ride

    1.83 miles

  • Staff Parking

    2.94 miles

  • Patient/Visitor Parking

    2.96 miles

  • Lakewood Station Parking Garage

    2.98 miles

  • Thornewood Castle

    0.26 miles

  • La Casa Motel

    1.71 miles

  • Comfort Inn & Suites Lakewood by JBLM

    1.77 miles

  • Biltmore Motel

    1.80 miles

  • Fort Lewis Motel

    2.25 miles

  • Holiday Inn Express

    2.60 miles

  • CandleWood Suites

    2.65 miles

  • TownePlace Suites

    2.69 miles

  • Home Motel

    2.80 miles

  • Woodspring Suites

    3.04 miles

  • House of Teriyaki

    0.24 miles

  • Manic Meatballs

    0.36 miles

  • Pho Lewis

    0.39 miles

  • Las Doñas

    0.39 miles

  • McDonald's

    0.42 miles

  • Subway

    0.52 miles

  • Popeyes

    0.55 miles

  • Taco Bell

    0.59 miles

  • Wow Sushi

    0.61 miles

  • Jack in the Box

    0.66 miles

  • Tillicum Elementary School

    0.31 miles

  • Evergreen Elementary School

    1.09 miles

  • Carter Lake Elementary School

    1.23 miles

  • General William H. Harrison Preparatory Academy

    1.30 miles

  • Hillside Elementary School

    1.92 miles

  • Beachwood Elementary School

    1.92 miles

  • Iva Alice Mann Junior High School

    1.97 miles

  • Meriwether Elementary

    2.10 miles

  • Idlewild Elementary School

    2.16 miles

  • Lakewood Lutheran School

    2.25 miles

  • Child Care

    1.55 miles

  • Children's University

    2.30 miles

  • Fun Times Daycare

    3.17 miles

  • Anna's Child Care

    3.26 miles

  • Angeles Academy

    3.53 miles

  • KinderCare

    3.61 miles

  • New Jerusalem Day Care Center

    3.67 miles

  • Kreative Kidz of Lakewood

    4.50 miles

  • Just Like Home Daycare

    4.54 miles

  • Crown Academe

    5.34 miles

Frequently Asked Questions

How much does Wonderland Apartments cost?

The space currently listed for sale at Wonderland Apartments asks for $1,995,000.

What is the total square footage of Wonderland Apartments?

Wonderland Apartments totals 9,340 square feet.

When was this property built?

Wonderland Apartments was built in 1942.

Looking for more in-depth information on this property?

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Contact Wonderland Apartments