4400 111TH Street SW, Lakewood, WA 98499 (MLS # 2323421)
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Listing provided courtesy of Northwest MLS; The Real Estate Firm
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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 1/21/2025 |
|---|---|---|---|
| TRACT | Lakeview | YEAR BUILT | 1928 |
| COMMUNITY | Lakeview | COUNTY | Pierce |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Lakeview Elem |
|---|---|
| Jr. High School | Lochburn Mid |
| High School | Clover Park High |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 37 - Lakewood |
| CONSTRUCTION | Wood Siding |
| HEAT | Ductless , Electric |
| INTERIOR | Wall to Wall Carpet |
| LOT | 0.3989 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 17375 |
| STORIES | 2 |
| STYLE | 55 - 5-9 Units |
| SUBDIVISION | Lakeview |
| TAXES | 8447 |
| UTILITIES | Sewer Connected |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 1/22/25 5:37 AM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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