4902 111th Street SW, Lakewood, WA 98499
- $1,650,000
- 4,584
- SqFt
Listing courtesy of HDN Real Estate.
- List Price
- $1,650,000
- Status
- ACTIVE
- MLS#
- 2497467
- Days on Market
- 121
- Style
- 55 - 5-9 Units
- Building Condition
- Fair
- Finished SqFt
- 4,584
- Area Total SqFt
- 4584
- Annual Tax Ammount
- 9856
- Lot Size (sq ft)
- 19,200
- Sewer
- Sewer Connected
Property Description
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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Additional Information
- List Date
- 2026-03-27 18:43:11
- Community
- Lakewood
- Net Operating Income
- $85,596
- Gross Adjusted Income
- $111,979
- Gross Scheduled Income
- $114,264
- Total Monthly Income
- $9,522
- Insurance Expenses
- $3,561
- Water/Sewer/Garbage Expenses
- $7,148
- Gross Rent Multiplier
- 6.78
- Total Expenses
- $28,667
- Cap Rate
- 5.19
- Vacancy Rate
- 2
- Total Number of Units
- 8
- Unit Name
- 4902
- Potential Terms
- Cash, Conventional
- Year Built
- 1960
- Roof
- Composition
- Site Features
- Fenced-Fully
- Electric Expenses
- 4344
- Other Expenses
- 1381
- Energy Source
- Electric, Natural Gas
- School District
- Lakewood
- Elementary School
- Lakewood Elem
- Middle School
- Lakewood Mid
- High School
- Lakewood High
- Total Monthly Income
- $9,522
- Gross Scheduled Income
- $114,264
- Vacancy Rate
- 2
- Gross Adjusted Income
- $111,979
- Tax Year
- 2025
- Insurance Expense
- $3,561
- W/S/G Expenses
- $7,148
- Total Expenses
- $28,667
- Net Operating Income
- $85,596
- Gross Rent Multiplier
- 6.78
- Cap Rate
- 5.19
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.