Listing provided courtesy of HDN Real EstateNWMLSas Distributed by MLSGrid- MLS# NWM2497467
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Request Info4902 111th Street SWLakewood, WA 98499
Multi-Family · 10 Beds · 4,584 Sq. ft. | 0.44 Acres$1,650,000
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4902 111th Street SW Overview
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Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.
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4902 111th Street SW Facts & Features
- Type Multi-Family
- Sq. ft. 4,584
- Price/Sq.ft. $360
- Lot 0.44 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Lakewood
- Elementary School: Lakewood Elem
- Middle Or Junior School: Lakewood Mid
- High School: Lakewood High
Income/Expenses
- Other Expense: 1381.25
- Electric Expense: 4344.66
- Fuel Expense: 2375.44
- Gross Scheduled Income: 114264
- Insurance Expense: 3561.53
- Net Operating Income: 85596
- Total Expenses: 28667.51
- Total Monthly Income: 9522
- Water/Sewer/Garbage: 7148.63
Building Information
- New Construction: No
- Year Built: 1960
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 37 - Lakewood
- Subdivision Name: Lakewood
Community/Development
- Amenities: Playground,Storage
Tax Information
- Tax Annual Amount: $9,856.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 5080000082
- Possible Use: Multi-Family
- Property Condition: Fair
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 4584
- Building Area Units: Square Feet
- Calculated Square Footage: 4584
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
- Foundation Details: Block, Poured Concrete
- Heating: Yes
- Leasable Area: 4584
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric,Natural Gas
- Security Features: Fully Fenced
- Stories Total: 1
Exterior
Parking Information
- Open Parking: No
- Parking Total: 9
- Parking Uncovered Total: 9
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.4408
- Lot Size Dimensions: 163 X 130
- Lot Size Square Feet: 19200
- Lot Size Units: Square Feet
- Site Features: Fenced-Fully
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Brick
- Number Of Units Total: 8
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1095
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1095
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1095
- Beds Total: 1
- Baths Total: 1
Unit 5 Details
- Actual Rent: 1095
- Beds Total: 1
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1095
- Beds Total: 1
- Baths Total: 1
Unit 8 Details
- Actual Rent: 1095
- Beds Total: 1
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1435
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1435
- Beds Total: 2
- Baths Total: 1
4902 111th 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
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.4902 111th Street SW Monthly Cost
4902 111th 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
4902 111th Street SW History
| Date | Value | Agent |
|---|---|---|
| 3/27/2026Source: NWMLS | March 27, 2026 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |