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.
Active
Listed by: HDN Real Estate • Hau Nguyen
$1,650,000
4902 111th Street SW, Lakewood, WA 98499
10beds
8baths
4,584sqft
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$360/sqft
$-- HOA
What's special
Coin-operated laundry machinesPrivate courtyardGated-garbage enclosure
- 156 days
- 74
- 5
Zillow last checked:
Listing updated:
Listed by:
Hau Nguyen,
HDN Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2497467
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Baseboard, Fireplace Insert, Wall Furnace, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,584
- Total interior livable area: 4,584 sqft
Property
Parking
- Total spaces: 9
- Uncovered spaces: 9
Lot
- Size: 0.44 Acres
- Dimensions: 163 x 130
- Features: Fenced-Fully
Details
- Parcel number: 5080000082
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Block, Poured Concrete
- Roof: Composition
Condition
- Fair
- Year built: 1960
- Major remodel year: 1990
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Pierce County Sewer
- Water: Public, Company: Lakewood Water Dist.
Community & HOA
Community
- Subdivision: Lakewood
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $360/sqft
- Tax assessed value: $846,900
- Annual tax amount: $9,856
- Date on market: 3/26/2026
- Cumulative days on market: 158 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,151/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Listed for sale | $1,650,000+2662.9%$360/sqft |
Source:  NWMLS as distributed by MLS GRID #2497467 Report a problem | ||
| 1/23/2018 | Sold | $59,719-85.9%$13/sqft |
Source: Public Record Report a problem | ||
| 4/1/2016 | Sold | $425,000-5.3%$93/sqft |
Source: NWMLS as distributed by MLS GRID #843211 Report a problem | ||
| 9/18/2015 | Listed for sale | $449,000+4.4%$98/sqft |
Source: Postlets Report a problem | ||
| 3/2/2015 | Listing removed | $430,000$94/sqft |
Source: MLS4owners.com #599176 Report a problem | ||
| 3/3/2014 | Listed for sale | $430,000-12.2%$94/sqft |
Source: MLS4owners.com #599176 Report a problem | ||
| 9/12/2010 | Listing removed | $489,950$107/sqft |
Source: Windermere Metropolitan #48538 Report a problem | ||
| 4/3/2010 | Price change | $489,950+4.2%$107/sqft |
Source: Windermere Metropolitan #48538 Report a problem | ||
| 2/26/2010 | Listed for sale | $470,000$103/sqft |
Source: MLS4owners.com #5839 Report a problem | ||
| 11/12/2009 | Listing removed | $470,000$103/sqft |
Source: Handspring Real Estate Inc #29061685 Report a problem | ||
| 9/8/2009 | Price change | $470,000+4.4%$103/sqft |
Source: Handspring Real Estate Inc #29061685 Report a problem | ||
| 8/12/2009 | Price change | $450,000-5.3%$98/sqft |
Source: Handspring Real Estate Inc #29061685 Report a problem | ||
| 6/12/2009 | Listed for sale | $475,000$104/sqft |
Source: Handspring Real Estate Inc #29061685 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,640 -2.2% | $846,900 -5% |
| 2024 | $9,856 -0.3% | $891,500 -0.8% |
| 2023 | $9,891 +4.3% | $899,000 |
| 2022 | $9,480 -2.5% | $899,000 +9.9% |
| 2021 | $9,725 +45.8% | $818,000 +25.7% |
| 2019 | $6,671 +9% | $651,000 +20% |
| 2018 | $6,121 +7.4% | $542,500 +33.8% |
| 2017 | $5,697 | $405,400 +15.5% |
| 2016 | $5,697 | $351,000 |
| 2014 | $5,697 +25.6% | $351,000 |
| 2013 | $4,537 | $351,000 +25.8% |
| 2012 | -- | $279,000 |
| 2011 | -- | $279,000 -4.2% |
| 2010 | -- | $291,300 -8.2% |
| 2009 | -- | $317,200 |
| 2008 | $3,811 | $317,200 +5.2% |
| 2007 | $3,811 +13.5% | $301,400 +43.3% |
| 2002 | $3,359 +5.3% | $210,300 |
| 2001 | $3,189 | $210,300 +6.3% |
| 2000 | $3,189 | $197,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lakeview
Nearby schools
Schools provided by the listing agent
- Elementary: Lakewood Elem
- Middle: Lakewood Mid
- High: Lakewood High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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