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8509 Meadow Rd SW, Lakewood, WA 98499
About this home
Clean, well maintained 10 unit apartment building. 5 1 bed. 1 bath and 5 2 bed. 1 bath apartments. The 5 1 bedroom units each have a carport. Off road parking. Desirable neighborhood, close to everything. Long term tenants. Rent is below market value.

Redfin Estimate
Market trends in 98499, WA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- OPEN SAT, 2PM TO 4PM
- OPEN SAT, 10AM TO 12PM$680,0004 beds3 baths2,440 sq ft5514 116th St SW, Lakewood, WA 98499Mandy Klebe • Realty One Group Bold
- OPEN SAT, 3PM TO 5PM
- $625,0003 beds2.5 baths2,156 sq ft10810 59th Ave SW, Lakewood, WA 98499Stacie Rodriguez • Best Choice Realty
- $375,0002 beds1 bath764 sq ft6146 88th St SW, Lakewood, WA 98499Natalie Sutey • Coldwell Banker Bain
- $425,0003 beds2 baths1,001 sq ft6148 88th St SW, Lakewood, WA 98499Natalie Sutey • Coldwell Banker Bain
See all
Provided by Redfin
Sale history for 8509 Meadow Rd SW
$74/sq ft
$88/sq ft
$56/sq ft
$44/sq ft
$45/sq ft
$45/sq ft
$30/sq ft
$27/sq ft
Tax history for 8509 Meadow Rd SW
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 10
- Open Parking Spaces: 10
- Carport Spaces: 5
- Has Open Parking
Interior
- Heating & Cooling
- Has Heating
- Interior Features
- Interior Features: Wall to Wall Carpet
- Flooring: Vinyl, Carpet
- Multi-Family Financial Information
- Gross Adjusted Income: 0
- Total Monthly Income: 5625
- Gross Rent Multiplier: 0
- Total Expenses: 0
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 10
- # of Units (Total): 10
- Furnished: Unfurnished
Exterior
- Building Information
- Roof: Composition
- Exterior Features
- Exterior Features: Wood Products
- Property Information
- Style Code: 56 - 10+ Units
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Lot Information
- MLS Lot Size Source: Realist
- Site Features: Cable TV
- Lot Features: Paved
- Lot Size Units: Square Feet
- Lot Size Acres: 0.978
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $7,740
- Tax Year: 2015
- Financial Information
- Listing Terms: Cash Out, Conventional, FHA, Private Financing Available, VA Loan
- Buyer Financing: Conventional
Utilities
- Utility Information
- Water Source: Public
- Sewer: Sewer Connected
- Utilities: Cable Connected, Sewer Connected, Electric
- Water Sewer Garbage: 0
Location
- School Information
- High School District: Lakewood
- Location Information
- Directions: From Steilacoom Blvd. go North on Meadow Rd. To building on right.
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 4,032
- Stories: 1.0
- Lot Size: 0.98 acres
- Style: Multi-Family (5+ Unit)
- Year Built: 1968
- Year Renovated: 1994
- County: Pierce County
- APN: 0220352103
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Tuesday, August 2, 2016
- Green Information
- Power Production Type: Electric
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 7392
- Building Area Total: 7392
- Building Area Units: Square Feet
- Structure Type: Multi Family
- Stories Total: 1
Around this home
Schools
Public PreK-5 • Assigned • 0.4mi
Public 6-8 • Assigned • 0.6mi
Public 6-12 • Assigned • 0.9mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
11 unhealthy days expected this year, 12 days in 30 years
Sun exposure
In this area, properties receive around 8.8 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 98499
Home values near 8509 Meadow Rd SW
| Address | Redfin Estimate |
|---|---|
5 Beds | 2 Baths | 1908 Sq. Ft. | $477,784 |
2 Beds | 1 Baths | 800 Sq. Ft. | $397,824 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1657 Sq. Ft. | $530,646 |
3 Beds | 2 Baths | 1450 Sq. Ft. | $506,008 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1680 Sq. Ft. | $560,411 |
2 Beds | 1 Baths | 1014 Sq. Ft. | $387,832 |
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