Listing provided courtesy of Coldwell Banker BainNWMLSas Distributed by MLSGrid- MLS# NWM2492286MLS Provider

6148 88 Street SWLakewood, WA 98499

Single Family · 3 Beds · 1 Full Bath · 1 Half Bath · 1,100 Sq. ft. | 0.15 Acres
$395,000 Active

6148 88 Street SW Overview

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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.

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6148 88 Street SW Facts & Features

  • Type Single Family
  • Sq. ft. 1,100
  • Price/Sq.ft. $359
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Lakewood
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Building Information

  • New Construction: No
  • Year Built: 1966

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 36 - Lakewood
  • Subdivision Name: Lakewood

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $3,447.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 0220357003
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Information

  • Building Information: Built On Lot

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3
  • Bedrooms Lower: 0
  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1100
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1100
  • Square Footage Finished: 1100
  • Square Footage Unfinished: 0

General Information

  • Basement: None
  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Levels: One
  • Living Area: 1100
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Power Production Type: Electric

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: None
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Value In Land
  • Lot Size Acres: 0.15
  • Lot Size Square Feet: 6534
  • Lot Size Units: Square Feet
  • Topography: Level
  • Vegetation: Garden Space
  • Elevation Units: Feet
  • Water Source: See Remarks

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Roof: Composition
  • Structure Type: House

General Information

  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Sewer: Sewer Connected

Room Information

Room: Bathroom Full

  • Level: Main

Room: Bathroom Half

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Bedroom

  • Level: Main

6148 88 Street SW Neighborhood

Community

98499 (Lakewood) Demographics

33
Median Age
3,254
Population Density (per sq. mile)
30%
College Educated
$50,037
Estimated Median Income
4,435
Estimated Total Home Owners
8,688
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6148 88 Street SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6148 88 Street SW Market Data

Based on the last 30 days in this zip code

$633,602
Average List Price
$301
Average Price per Square Foot
17
Properties Sold
72
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

6148 88 Street SW History

Date Event Value Agent
6/11/2026Source: NWMLS Price Reduction
$395,000 -1.0%
6/6/2026Source: NWMLS Price Reduction
$399,000 -1.5%
3/20/2026Source: NWMLS Added to Database
March 20, 2026