$395,000
Est. $2,008/mo3 bd•1.5 ba•1,100 sq ft
6148 88 Street Sw, Lakewood, WA 98499
• Listed 2026-03-20•18 days on market
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Based on information submitted to the MLS GRID as of July 3, 2026 at 11:51am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Prime Lakewood opportunity offering flexibility, income potential, and long-term upside! This well-maintained 3-bedroom, 2-bath home spans approximately 1,100 sq ft and presents immediate rental, owner-occupant, or light value-add potential. Existing improvements include updated appliances, custom cabinetry, and functional living spaces, creating a comfortable and move-in-ready environment with room to personalize. Situated on a generous lot with a large storage area, the property offers excellent flexibility for outdoor use, expansion, or future development. Zoning allows for up to three units (buyer to verify), making it an ideal option for builders, investors, or buyers seeking to maximize long-term 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 assets. Located in a high-demand rental corridor near JBLM with easy access to I-5, shopping, and dining, this property is well-positioned for strong rental performance, appreciation, and future growth.
Listed by Natalie Sutey • Coldwell Banker Bain
Listing updated: July 3, 2026 at 11:51am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2492286
Open houses
No upcoming open houses scheduled for this property.
$388,000
-$7,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $410K and $495K.
Rental earnings
$1,175/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$495,000Last sold price
1 Lakewood Oaks Drive Sw, Lakewood, WA 98499
$490,000Last sold price
8402 Leona Way Sw, Lakewood, WA 98499
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
6148 88 Street Sw, Lakewood, WA 98499
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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Lakewood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$612,450 Sold
4 days ago
4 bd•3 ba•~3,080 sq ft•Single Family
6522 Steilacoom Boulevard Sw, Lakewood, WA 98499
2%
Under list
—
Days on market
0.2 mi
Distance
$1,290,000 Sold
2 weeks ago
4 bd•1.5 ba•~2,980 sq ft•Single Family
10040 Dekoven Drive Sw, Lakewood, WA 98499
1%
Under list
—
Days on market
0.9 mi
Distance
$800,000 Sold
4 weeks ago
•Single Family
9124 Gravelly Lake Drive SW, Lakewood, WA 98499
11%
Under list
—
Days on market
0.3 mi
Distance
$675,000 Sold
6 weeks ago
4 bd•1 ba•~2,116 sq ft•Single Family
8505 Bridgeport Way Sw, Lakewood, WA 98499
0%
Over list
—
Days on market
0.2 mi
Distance
$400,000 Sold
6 weeks ago
2 bd•1 ba•~1,054 sq ft•Single Family
27 Crescent Circle Sw, Lakewood, WA 98499
3%
Over list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Lakewood School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
