Listing Provided Courtesy Of:
HDN Real Estate and NWMLS
4902 111th Street SW # 1-8 Lakewood, WA
$ 1,733,835
Property Attributes
  • ID#1784253
  • TypeMulti-Family
  • CountyPIERCE
  • CityLakewood
  • AreaLakewood
  • NeighborhoodLakewood
  • Zip98499
  • Style5-9 Units
  • Year Built1960
  • Taxes$ 9466
  • Price$ 1,733,835
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4584
  • Lot Size0.44 Acres
Listing Provided Courtesy Of:
HDN Real Estate and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Location, Location, location! Turnkey opportunity to purchase this great income producing 8-Plex, 4,584sf building, 19,200sf Parcel W/ 2 two-BR & 6 one-BR Apts, Zone C1, located in the heart of Lakewood, next to St. Clare Hospital. Well maintained U-shape, 1-story 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.

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
6/2/2021 Listed $1,734,835
7/21/2021 1% - $1,733,835

General Features

Amenities Coin Op Laundry, Playground, Storage
Building Area Units Square Feet
Building Name HDN Apartments
Carport Y/N No
City Lakewood
County Pierce
Directions On I-5 take exit 125, Bridgeport to 111th Street, East to Property.
Electric Expense 1743
Elementary School Buyer To Verify
Exterior Features Brick
Flooring Hardwood, Laminate, Laminate, Carpet
High School Buyer To Verify
High School District Lakewood
Insurance Expense 2163
Interior Features Hardwood, Laminate, Laminate Tile
Leasable Area 4500
MLS Area 37 - Lakewood
Middle/Junior High School Buyer To Verify
Net Operating Income 75942
New Construction No
Open Parking Spaces 11
Possession Closing
Possible Use Commercial, Multi-Family
Property Style 55 - 5-9 Units
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 111th
Structure Type Multi Family
Subdivision Name Lakewood
Tax Annual Amount 9466
Tax Year 2020
Terms Cash Out, Conventional, See Remarks
Total Units 8
Unit Number 1-8
Units Below Grade false
Units In Building Total 8
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
Water Company Lakeview Water Dist.
Water Sewer Garbage 4887
Year Built 1960
Zoning Class Commercial, Multi-Family

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Street
Total Stories 1

Exterior Features

Building Area Total 4584
Foundation Details Block, Poured Concrete
Irrigation Water Rights Y/N No
Lot Size Acres 0.4408
Lot Size Square Feet 19200
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 11
Site Features Fenced-Fully
Total Parking 11
View Y/N No
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98499

AVG $780K
AVG $4,643
AVG 59
Year Built
AVG 1950
AVG 52
Data Provided by Walkscore ® not using MLS data

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