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$525,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 hours ago

Listed by Matt Linden | Pellego, Inc. | (425) 441-3180

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Investment Opportunity! Discover this cash-flowing tri-plex on a spacious corner lot. Two units are currently occupied by long-term tenants, ensuring positive steady income, but also with room for higher rent. Features include on-site laundry facilities, 5 dedicated parking spots, and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Don't miss this chance to secure a solid, income-generating property for your portfolio! /Unit 1 1000 sq ft 2x1: vacant - walk it and see the rent potential /Unit 2 279sq ft studio: 700 rent, 300 all inclusive utilities, month-to-month /Unit 3 ~800 sq ft 1x1: 1050 rent, 275 all inclusive utilities, month-to-month /Tenants enjoy shared laundry area with modern equipment. /Lot has ADU potential.

Full Property Details for 5503 112th St SW

General

  • Price: $525,000
  • Taxes: $5,384 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2497554
  • Updated: 3/28/2026
  • Added to Site: 1 day(s) ago

Additional Information

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

Parking

  • Uncovered Spaces: 5

Location

  • Area: 40 - Lakewood
  • County: Pierce
  • Subdivision: Clover Park
  • Driving Directions: Follow I-5 to Bridgeport Way SW in Lakewood. Take exit 125 from I-5 SContinue on Bridgeport Way SW. Drive to 111th St SW

School Information

  • High School District: Clover Park

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Wood
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 2,026
  • Year Built: 1940

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.2984
  • Lot Size (Sq. Ft.): 13,000
  • Lot Size Source: County
  • Lot Dimensions: 13068
  • Lot Features: Corner Lot

Financial Considerations

  • Tax Amount: $5,384.59
  • Tax Year: 2026
  • Terms: Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 6675000100

Listed by Matt Linden | Pellego, Inc. | (425) 441-3180

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Schools serving 5503 112th St SW

School District:Clover Park School District
NameGradesDistance
Tyee Park Elementary School
11920 Seminole Road Southwest, Lakewood, WA 98499
K-50.5 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
9-120.4 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 5503 112th St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/28/2026
Listed
$525,000
29.63%
MLS
3/03/2023
Sold
$405,000
—
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 5503 112th St SW

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,846
—
$480,500
7%
2024
$4,846
-2%
$447,800
-6%
2023
$4,934
7%
$476,700
22%
2022
$4,592
10%
$391,900
23%
2021
$4,165
5%
$318,600
9%
2020
$3,963
28%
$292,400
14%
2019
$3,099
-9%
$257,000
11%
2018
$3,422
20%
$231,200
25%
2017
$2,862
10%
$185,500
11%
2016
$2,600
-5%
$166,900
-2%
2014
$2,742
—
$169,800
2%
2014
$2,742
—
$165,700
—
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 Matt Linden | Pellego, Inc. | (425) 441-3180

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5503 112th Street SW, Lakewood, WA 98499 (MLS# 2497554) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 5503 112th Street SW is currently listed for $525,000 and was received on March 28, 2026. Want to learn more about 5503 112th 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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