5907 to 5909 SW 111th Unit #07-09, Lakewood, WA 98499
- $575,000
- 2,360
- SqFt
Listing courtesy of Keller Williams West Sound.
- List Price
- $575,000
- Status
- ACTIVE
- MLS#
- 2503329
- Price Change
- ▼ $10,000 1784059764
- Days on Market
- 81
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,360
- Area Total SqFt
- 2360
- Annual Tax Ammount
- 5216
- Lot Size (sq ft)
- 8,316
- Sewer
- Sewer Connected
Property Description
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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Additional Information
- List Date
- 2026-05-06 15:13:13
- Community
- Lakewood
- Net Operating Income
- $44,472
- Gross Scheduled Income
- $52,800
- Total Monthly Income
- $4,400
- Insurance Expenses
- $1,600
- Water/Sewer/Garbage Expenses
- $1,512
- Gross Rent Multiplier
- 11.35
- Total Expenses
- $8,328
- Cap Rate
- 7.4
- Total Number of Units
- 2
- Unit Name
- 5907 to 5909
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1958
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully
- Energy Source
- Electric, Natural Gas
- School District
- Lakewood
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,400
- Gross Scheduled Income
- $52,800
- Tax Year
- 2025
- Insurance Expense
- $1,600
- W/S/G Expenses
- $1,512
- Total Expenses
- $8,328
- Net Operating Income
- $44,472
- Gross Rent Multiplier
- 11.35
- Cap Rate
- 7.4
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.