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Lakebay, WA, 98349 • 98349 • Pierce County
2.3 acLot
1993Built
Lakebay
98349
This home is getting attention
Listed 262 days ago · 6 views
Demand and pricing signals for this listing
6 views
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262 days on market
Established listing
This home ranks in the top 46% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1993
Incredible opportunity to purchase the Kayla Rae! This well maintained two building, 13 unit apartment complex, is in fantastic condition. Units are clean with newer carpets, paint, and vinyl windows. Great tenants and always rented; all 13 apartments are currently occupied. Rent is currently less than market value and stable cap rate is approximately 5.4%. Apartments are all metered separately and there is a potential for more density. Coin operated laundry on-site. Pre-inspection conducted and report available upon request. Located in the heart of Key Center and close to shopping, retail, and restaurants. Wonderful addition to anyone's investment portfolio and/or real estate holdings!
Standout features identified
Our analysis highlights newer carpets and vinyl windows as key attractions of this home.
Based on current rates
Est. 6.19% rate · 30yr fixed · $1,412,480 loan
Full calculator →Key facts and listing details
6 categories of property features
Market data and value estimates
3 schools rated nearby
Lakebay, WA, 98349
3 events
19 years of records
Local context around this listing
Lakebay, WA • Pierce County
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 12:38:47 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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