Map of Property

Meadow Park Apartments

6807 Lakewood Dr W, University Place, WA 98467

  • For Sale $1,800,000
  • 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 In addition to interior improvements, current ownership has upgraded outdated plumbing, electrical, roof, siding, and landscaping.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

 

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Contacts

broker
Austin Kelley Is this you?

Kidder Mathews

broker
Ted Sipila Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Subway

    0.32 miles

  • Casa Mia

    0.34 miles

  • McDonald's

    0.42 miles

  • Best Burgers

    0.73 miles

  • Herfy Burger Teriyaki

    0.79 miles

  • I PHO

    0.79 miles

  • Steph's Pizza

    0.80 miles

  • Antojo Mexican Grill

    0.81 miles

  • Little Caesars

    0.82 miles

  • BT Thai

    0.83 miles

  • Mount Tahoma High School

    0.57 miles

  • Manitou Park Elementary School

    0.59 miles

  • Gray Middle School

    0.83 miles

  • Dower Elementary School

    0.95 miles

  • Lochburn Junior High School

    1.20 miles

  • Heritage Christian School

    1.25 miles

  • Seven Swords Academy

    1.40 miles

  • Visitation School

    1.44 miles

  • Clover Park Technical College

    1.45 miles

  • Harrison Prep/CPSD Four Heroes Elementary

    1.47 miles

  • Just Like Home Daycare

    0.53 miles

  • Kreative Kidz of Lakewood

    0.57 miles

  • KinderCare

    0.85 miles

  • New Jerusalem Day Care Center

    1.40 miles

  • Alphabet Preschool

    1.47 miles

  • Angeles Academy

    1.54 miles

  • Anna's Child Care

    1.83 miles

  • Fun Times Daycare

    2.18 miles

  • Crown Academe

    2.46 miles

  • Children's Castle

    2.70 miles

Frequently Asked Questions

How much does Meadow Park Apartments cost?

The space currently listed for sale at Meadow Park Apartments asks for $1,800,000.

What is the total square footage of Meadow Park Apartments?

Meadow Park Apartments totals 42,216 square feet.

When was this property built?

Meadow Park Apartments was built in 1957.

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Contact Meadow Park Apartments