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Listing courtesy of NWMLS / The Real Estate Firm

5 - 4400 111th Street SW

Lakewood, WA 98499

– beds
– baths
4,395 sqft
~1/2 acre lot
$273 per sqft
1990 build

7 Unit Apartment complex! Listed well below market value at just 171k per unit and a current 6% cap rate!! Interiors have been lightly updated along with each unit has their own heat and AC mini split unit. Mini split units are less than 5 years old. Garages are available for renters to rent but are not included in this sale. However, it is a huge marketing selling point for renters to have the option to have a garage. Beautiful landscaping with strategically lined trees and a fenced area for dogs to run. Rents are very low, with rent increases this building can be over a 7% cap rate very quickly. Fully occupied, Low maintenance, easy to maintain, GREAT INVESTMENT!

Listing courtesy of NWMLS / The Real Estate Firm

Last checked: Checking… • Last updated Jan 22, 2025 •

MLS# 2323421 —

The Building

Year Built:

1928
Year Built:

1990
Year Built Source:

Public Records
New Construction:

false
Building Name:

5
Structure Type:

Multi Family
Exterior Features:

Wood
Roof:

Torch Down
Units In Building Total:

7
# of Units Total:

7
Stories Total:

2
Building Area Total:

4395
Building Area Units:

Square Feet
Calculated SqFt:

4395
SqFt Source:

Public Records

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

47.156129
Longitude:

-122.496095
Directions:

Bridgeport, North on 111th to Property on right.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Average
Parcel Number:

5080001995
Lot Number:

1
Lot Features:

Corner Lot
Lot Size Units:

Square Feet
Lot Size Dimensions:

17375
Lot Size Acres:

0.3989
Lot Size SqFt:

17375
Lot Size Source:

Public Records
Zoning Jurisdiction:

City
View:

false
Waterfront:

false
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

8447

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

true
Heating:

true
Cooling:

Ductless HP-Mini Split
Heating:

Ductless HP-Mini Split

Utilities

Water Company:

Tacoma
Water Source:

Community
Sewer:

Sewer Connected
Sewer Company:

Pierce County
Power Company:

Lakewood Light & Power
Water Sewer Garbage:

9200

Schools

Elementary School:

Lakeview Elem
Middle Or Junior School:

Lochburn Mid
High School:

Clover Park High
High School District:

Clover Park

The Community

Subdivision Name:

Lakeview
Amenities:

See Remarks
Senior Community:

false
Association Fee Frequency:

Not Applicable
Association:

false

Parking

Parking Total:

26
Parking Uncovered Spaces:

20
Open Parking:

true
Open Parking Spaces:

20
Carport Spaces:

6
Carport:

false

Listing courtesy of NWMLS / The Real Estate Firm

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Tue Jan 21 2025 02:38 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
1/21/25 Jan 21, 2025	Listed / Active	NWMLS	$1,200,000

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This multifamily located in Montgrove, Lakewood, WA 98499 is currently for sale for $1,200,000. 5 - 4400 111th Street SW is a 4,395 square foot multifamily with – beds and – baths. 5 - 4400 111th Street SW is in the Montgrove neighborhood of Lakewood and has a WalkScore® of 49, making it car-dependent. This multifamily is in the attendance area of Lochburn Middle School, Lakeview Hope Academy, Clover Park Early Learning Program, and Clover Park High School.

Listing courtesy of NWMLS / The Real Estate Firm

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Tue Jan 21 2025 07:00 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Disclaimer: The information contained in this listing has not been verified by The Real Estate Firm and should be verified by the buyer.