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11101 Kline St SW
Lakewood, WA 98499
Lakeview Flats · Land For Sale
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1.23 AC
Investment Highlights
- 11 Units with Long-Term, Stable Tenants for Under $130K Per Door: Three fully-occupied multifamily properties with long-standing tenants
- Pivot Point Location: Immediate access to Pacific Highway South, Interstate 5, and light rail and express bus service
- Essential Piece of Lakewood’s Growth Plan: Properties are located within the Station District
- Ideal Covered Land Play: 1.23 acres situated adjacent to Lakewood's mass transit center; zoning allows for the development of 66 units
- Virginia Mason’s St. Clare Hospital is a half-mile from the site; Joint Base Lewis-McChord is a 12-minute drive; downtown Tacoma is a 16-minute drive
- Designated by the City of Lakewood as an important area for economic development and housing diversification
Property Facts
| Property Type | Land | Total Lot Size | 1.23 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | MF3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.23 AC |
| No. Stories | 1 |
| Zoning | MF3 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $916,700 | |
| Land Assessment | $1,078,700 | Total Assessment | $1,995,400 |
Property Taxes
Parcel Numbers
Land Assessment
$1,078,700
Improvements Assessment
$916,700
Total Assessment
$1,995,400
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