Provided by NWMLS, Listed by HDN Real Estate

Active

4902 111th Street SW, -5407

Lakewood WA, 98499

$1,725,000


$376.31 per sqft

Active

4,584 sqft

Multi-family

Built in 1960

Location, location! Great Investment, Turnkey opportunity to purchase this great income producing 8Plex, 4,584sf building, 19,200sf Parcel; 2 2BR & 6 1BR Apart, Zone C1, located in the heart of Lakewood, next to St. Clare Hospital. Well maintained 1-Story U-shape Brick Building, private courtyard, large playground area with fully gated fence, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure by the street side. Current rents are much below market rent. With highly Rent demand, it has plenty of room to increase income, plus coin operated laundry. This Multi-Fam Building is on Lakewood Commercial Core, surrounding with businesses, residential developments; minutes to I5, JBLM Military Base, Towne Center.

2204265

MLS ID

March 1, 2024

Listed

December 26, 2024

Updated

Map

4902 111th Street SW, -5407
Lakewood WA, 98499

Interior Features

Total Stories

1


Interior Features

Ceramic Tile, Hardwood, Laminate, Laminate Hardwood, Wall to Wall Carpet


Floor Description

Ceramic Tile, Hardwood, Laminate, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard, Insert, Wall Unit(s)

Exterior/Building Features

Lot Size

0.44 Acres


Exterior Features

Brick


Roof

Composition


Sewer

Sewer Connected

School Information

School District

Lakewood


High School

Lakewood High


Elementary School

Lakewood Elem

Other Property Details

Area Name

37 - Lakewood


Taxes

$9,480


Tax Frequency

Annually


Garage

No


Parking Total

9


View

No


County

Pierce


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/26/2024

Price change

$1,725,000

-2%

12/7/2024

Price change

$1,750,000

-3%

5/15/2024

Price change

$1,799,500

-2%

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 1/30/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 1/30/2025 at 12:00 PM UTC . 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.

©2025 Northwest Multiple Listing Service all rights reserved.

Data last updated on 1/30/2025 at 12:00 PM UTC 

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