6146 88 Street SW, Lakewood, WA, 98499
About This Home
Fully renovated Lakewood opportunity offering exceptional flexibility, lifestyle, and income potential! This beautifully updated home features brand-new appliances, custom cabinetry, and modern interior finishes, delivering stylish turnkey living. The light-filled interior and thoughtful upgrades create a clean, move-in-ready space ideal for both homeowners and investors. Situated on a spacious lot with a large storage shed, the property provides ample room for outdoor enjoyment, storage, expansion, or future development. Zoning allows for up to three units (buyer to verify), presenting strong upside for builders or long-term hold investors seeking to maximize value. Unique opportunity to purchase alongside neighboring property, creating a potential multi-home or multi-unit setup. Ideal for owner-occupants exploring a “live in one, rent the other” strategy, multi-generational living, or investors looking to expand their portfolio with side-by-side properties. Located in a high-demand rental corridor near JBLM with convenient access to I-5, shopping, dining, and everyday amenities, this property combines comfort, versatility, and long-term growth potential in a rapidly developing Lakewood location.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1966
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1966
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subType: Single Family Residence
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating & Cooling
- Heating features: Wall Furnace,See Remarks
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 790
- Total interior livable area: 790 sqft
Property
Details
- Parcel number: 0220357004
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 6,660 sqft
Parking
- Total spaces: 1
- Parking features: Attached Carport
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,896 | $22,752 |
| Home Insurance * | $105 | $1,260 |
| Property Taxes | $315 | $3,780 |
| Electricity | $149 | $1,793 |
| Total | $2,465 | $29,580 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-20 | Listed for sale | $380,000 |
| 2006-11-30 | Sold | $149,950 |
View on Zillow