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$1,650,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago

Listed by Hau Nguyen | HDN Real Estate | (253) 313-9300

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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.

Full Property Details for 4902 111th St SW

General

  • Price: $1,650,000
  • Taxes: $9,856 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2497467
  • Updated: 3/27/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet

Additional Information

  • Amenities: Fenced-Fully
  • Security/Safety: Fully Fenced

Parking

  • Uncovered Spaces: 9

Location

  • Area: 37 - Lakewood
  • County: Pierce
  • Subdivision: Lakewood
  • Driving Directions: On I-5 take exit 125, Bridgeport to 111th Street, East to Property.

School Information

  • High School District: Lakewood
  • Elementary School: Lakewood Elem
  • Middle School: Lakewood Mid
  • High School: Lakewood High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Fireplace Insert, Wall Furnace

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Brick
  • Foundation: Block, Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 4,584
  • Year Built: 1960
  • Property Condition: Fair

Unit Information

  • Units in Building: 8

Lot Features

  • Lot Size (Acres): 0.4408
  • Lot Size (Sq. Ft.): 19,200
  • Lot Size Source: Realist
  • Lot Dimensions: 163 x 130
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $9,856
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 5080000082

Listed by Hau Nguyen | HDN Real Estate | (253) 313-9300

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NMLS#: 1598647

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Schools serving 4902 111th St SW

School District:Clover Park School District
NameGradesDistance
Lakeview Hope Academy
10501 47th Avenue Southwest, Lakewood, WA 98499
K-50.4 mi
Harrison Preparatory School
9103 Lakewood Drive Southwest, Lakewood, WA 98499
6-121.3 mi
Lochburn Middle School
5431 Steilacoom Boulevard Southwest, Lakewood, WA 98499
6-81.6 mi
Clover Park High School
11023 Gravelly LK DR SW, Lakewood, WA 98499
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4902 111th St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Listed
$1,650,000
288.24%
MLS
3/28/2016
Sold
$425,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4902 111th St SW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,856
—
$891,500
-1%
2024
$9,891
4%
$899,000
—
2023
$9,480
-3%
$899,000
10%
2022
$9,725
3%
$818,000
15%
2021
$9,415
5%
$711,300
9%
2020
$8,938
46%
$651,000
20%
2018
$6,121
—
$542,500
34%
2018
$6,121
1%
$405,400
5%
2017
$6,050
9%
$386,100
10%
2016
$5,561
-6%
$351,000
—
2014
$5,899
—
$351,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Hau Nguyen | HDN Real Estate | (253) 313-9300

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Listed by Joseph Layer | Gateway Real Estate and Alex Layer | Gateway Real Estate
Sold by Anders Ibsen | Windermere Prof Partners and Ashley L Mills | Windermere Prof Partners

4902 111th Street SW, Lakewood, WA 98499 (MLS# 2497467) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 4902 111th Street SW is currently listed for $1,650,000 and was received on March 27, 2026. Want to learn more about 4902 111th Street SW? Do you have questions about finding other Multi-Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.

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