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$1,765,600

  • Sold
  • Closed
  • Multi-Family

Listed by Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897
Sold by Non Member ZDefault | ZNonMember-Office-MLS

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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!

Full Property Details for 9002 154th Ave court NW

General

  • Sold For: $1,765,600
  • Taxes: $16,549 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2371589
  • Added to Site: 254 day(s) ago

Interior

  • Flooring: Laminate, Carpet

Additional Information

  • Amenities: Deck, Patio

Parking

  • Uncovered Spaces: 13

Location

  • Area: 9 - Key Peninsula North
  • County: Pierce
  • Subdivision: Lakebay
  • Building Name: The Kayla Rae
  • Driving Directions: GPS.

School Information

  • High School District: Peninsula
  • Elementary School: Vaughn Elem
  • Middle School: Key Peninsula Mid
  • High School: Peninsula High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Septic Tank
  • Water: Community

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Year Built: 1993

Unit Information

  • Units in Building: 13

Lot Features

  • Lot Size (Acres): 2.3
  • Lot Size (Sq. Ft.): 100,188
  • Lot Size Source: Tax Record-2 parcels
  • Lot Features: Corner Lot, Cul-De-Sac, Paved, Secluded, Sidewalk
  • Zoning: Multi-Family, Residential

Financial Considerations

  • Tax Amount: $16,549
  • Tax Year: 2024
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 21015094

Listed by Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897
Sold by Non Member ZDefault | ZNonMember-Office-MLS

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 9002 154th Ave court NW

School District:Peninsula School District
NameGradesDistance
Vaughn Elementary School
17521 Hall Road Northwest, Vaughn, WA 98394
PK-51.3 mi
Key Peninsula Middle School
5510 Key Peninsula Hwy N, Lakebay, WA 98349
6-82.3 mi
Peninsula High School
14105 Purdy Drive, Gig Harbor, WA 98332
9-126.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 9002 154th Ave court NW

Date
Details
Price
Change
Source
7/18/2025
Sold
$1,765,600
-7.07%
MLS
5/07/2025
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Nicolas Lind | Commencement Bay Brokers LLC | (253) 851-2897
Sold by Non Member ZDefault | ZNonMember-Office-MLS

Recent Sales near 9002 154th Ave court NW

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7308 Crescent Beach Rd NW, Vaughn, WA 98394 - Photo 1 Sold
$1,650,000

7308 Crescent Beach Rd NW  Vaughn, WA 98394

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,550
    Sq. Ft.
Listed by Brad Vancour | Realogics Sotheby's Int'l Rlty
Sold by Shannon Bell-Peterson | RE/MAX Honors

9002 154th Avenue Ct NW, Lakebay, WA 98349 (MLS# 2371589) is a Multi-Family property that was sold at $1,765,600 on July 18, 2025. Want to learn more about 9002 154th Avenue Ct NW? Do you have questions about finding other Multi-Family real estate for sale in Lakebay? You can browse all Lakebay real estate or contact a Coldwell Banker agent to request more information.