Listing provided courtesy of Keller Williams West SoundNWMLSas Distributed by MLSGrid- MLS# NWM2503329MLS Provider

5907 to 5909 SW 111th #07-09Lakewood, WA 98499

Multi-Family · 4 Beds · 2,360 Sq. ft. | 0.19 Acres
$590,077 Active

5907 to 5909 SW 111th #07-09 Overview

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Two units, one smart investment, welcome to your next cash-flowing property in Lakewood! This well-maintained 2,360 sq ft duplex at 5907-5909 111th St Sw offers endless potential for investors, multi-generational living, or owner-occupants looking to offset their mortgage. Each spacious unit features 2 large bedrooms, 1.5 bathrooms, and a bright, inviting living room centered around a cozy fireplace. The layout boasts a large kitchen space with ample storage, plus a separate laundry room and half-bath on the main floor. Upstairs, you'll find two generously sized bedrooms and a full bathroom, providing comfortable separation of space. Situated on a large 8,316 sq ft lot, the property includes a fully fenced yard, newly replaced water heaters, updated bathroom (5909), new carpet, a patio, and abundant parking with up to 8 spaces (including carports). Well maintained to ensure it's move-in ready. In a prime location situated in the desirable Lakeview neighborhood, this duplex is just minutes from Joint Base Lewis-McChord (JBLM), making it a highly sought-after rental. Enjoy walking distance to Clover Park High School, local parks, and the Lakewood Towne Center. Commuting is a breeze with quick access to I-5 and Bridgeport Way. Whether you're looking to live in one unit and rent the other, accommodate extended living, or add a solid cash-flowing asset to your portfolio, this duplex delivers. Don't miss out on this rare Lakewood property!

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5907 to 5909 SW 111th #07-09 Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,360
  • Price/Sq.ft. $250
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Lakewood
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 52800
  • Insurance Expense: 1600
  • Net Operating Income: 44472
  • Total Expenses: 8328
  • Total Monthly Income: 4400
  • Water/Sewer/Garbage: 1512

Building Information

  • New Construction: No
  • Year Built: 1958

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 36 - Lakewood
  • Subdivision Name: Lakewood

Tax Information

  • Tax Annual Amount: $5,216.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 6720100442
  • Possible Use: Multi-Family
  • Property Condition: Good
  • 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: 2360
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2360
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Vinyl, Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2360
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Security Features: Fully Fenced
  • Stories Total: 2

Unit Information

  • Unit Number: 07-09

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 8
  • Parking Uncovered Total: 6

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.1909
  • Lot Size Square Feet: 8316
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Fully
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Methods: Standard Frame
  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 2
  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Wood
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 2200
  • Beds Total: 2
  • Baths Total: 2

Unit 2 Details

  • Actual Rent: 2200
  • Beds Total: 2
  • Baths Total: 2

5907 to 5909 SW 111th #07-09 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
Community data courtesy of LiveBy, Inc.

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.

5907 to 5909 SW 111th #07-09 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5907 to 5909 SW 111th #07-09 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
Calculations provided by Reliance Network

5907 to 5909 SW 111th #07-09 History

Date Event Value Agent
6/17/2026Source: NWMLS Status Change
Active
5/26/2026Source: NWMLS Status Change
Pending
5/20/2026Source: NWMLS Status Change
Pending Inspection
4/30/2026Source: NWMLS Price Reduction
$590,077 -1.6%
4/8/2026Source: NWMLS Added to Database
April 08, 2026