All homes

$498,750

15202 Washington Avenue

Lakewood, WA 98498

Active
Territorial view

Beds

2

Baths

1

Sq Ft

1,300

Lot

1.10 ac

Year built

1947

Type

Residential

Days listed

3

MLS #

2577497

About this home

Over 1 acre with exciting potential for future development and additional housing opportunities. The solid 2-bedroom, 1-bath brick bungalow offers 1,300+ sq. ft. of finished living space, plus approximately 800 sq. ft. of unfinished space, and includes a detached 2 car garage. Ideally situated at the front of the parcel, the home leaves a substantial portion of the property available for potential additional homes, duplexes, or other residential development. The property is fully fenced, and the existing home is in good condition. Sold as-is through an estate sale. Ideally located near JBLM, I-5 corridor improvements, shopping, schools, parks within walking distance, and nearby lakes. Future area improvements include a Sounder station and a 1.3-mile shared-use trail connecting Tillicum and Lakewood, expected to open in late 2026. A rare opportunity to acquire over an acre in a high-demand area with significant future development and income-producing potential. Buyer to independently verify all information, zoning, permits, development potential, and applicable requirements with the City of Lakewood and Pierce County to their satisfaction.

Interior features

Dining RoomFireplaceWater Heater

Exterior features

Brick

Appliances

DryerRefrigeratorStove(s)/Range(s)Washer

Schools

Elementary

Tillicum Elem

Middle

Buyer To Verify

High

Clover Park High

Property details

Heating
Forced Air, See Remarks
Cooling
None
Flooring
Hardwood, Vinyl
Parking
Detached Garage, RV Parking
View
Territorial
Lot
Paved, Sidewalk
Water source
Public
Sewer
Septic Tank
Levels
One
Fireplaces
2

Costs

Price / sq ft
$384
Annual taxes
$477 (2025)

Estimate your monthly payment

$2,562/mo

Principal & interest
$2,522
Property taxes
$40
Loan amount $399,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Lakewood, WA 98498

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Pellego, Inc.— Shelly McCombs.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.

No spam. We'll only reach out about your search.