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253-691-8561
Terrafin Real Estate
4902 111th Street SW, Lakewood, WA 98499
- $1,650,000
- 4,584
- SqFt
Listing Broker: HDN Real Estate; Hau Nguyen; 206-304-0317; hdn.realty@gmail.com
- List Price
- $1,650,000
- Status
- ACTIVE
- MLS#
- 2497467
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1960
- Living Area
- 4,584
- Lot Size
- 19,200
- Acres
- 0.44
- Subdivision
- Lakewood
- Neighborhood
- Lakewood
- MLS Area Major
- Lakewood
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. In Dec. 2026, the city of Lakewood will build a brand new sidewalk both sides of 111th St SW, Improvements include: - Curb - Gutter Sidewalks with landscaped buffer - Water main replacement - Reconstructing the road way.
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Additional Information
- Amenities
- Playground, Storage
- Exterior Features
- Brick
- Property Description
- 55 - 5-9 Units
- Flooring
- Ceramic Tile, Hardwood, Laminate, Carpet
- Heating
- Baseboard, Fireplace Insert, Wall Furnace
- Air Conditioning
- None
- Roof
- Composition
- School District
- Lakewood
- Elementary School
- Lakewood Elem
- Middle School
- Lakewood Mid
- High School
- Lakewood High
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.