For Sale10d on market
4902 111th Street SW
Lakewood, WA, 98499 • Lakeview • Pierce County
$1,650,000
$360/sqft
10Beds
8Baths
4,584Sqft
0.44 acLot
1960Built
Property DNA
5-9 Units Style
Built 1960 · 66 years of history
Lakewood
Lakeview
Ceramic Tile & Hardwood Floors
Quality flooring throughout
Market activity
Demand and pricing signals for this listing
187 views
People checking out this listing
3 saves
Buyers have saved this home
10 days on market
Recently listed
$360/sqft
Price per square foot
About this home
Multi Family · Built 1960
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.
Standout features identified
Our analysis highlights coin-operated laundry machines, private courtyard, and gated-garbage enclosure as key attractions of this home.
Estimated monthly payment
Based on current rates
$10,274/month
Principal & Interest$8,074
Property Tax$1,650
Insurance$550
Down payment20% ($330,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,320,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1960
HeatingBaseboard, Fireplace Insert, Wall Furnace, Electric, Natural Gas
CoolingNone
Parking9 Parking spaces
Days on Zillow10 Days
Price/sqft$360
Property
Home typeMulti Family
Sub-typeMulti Family
Style5-9 Units
ConditionFair
Year built1960
Systems
HeatingBaseboard, Fireplace Insert, Wall Furnace, Electric, Natural Gas
CoolingNone
RoofComposition
ConstructionBrick
Water / SewerPublic, Company: Lakewood Water Dist. / Sewer Connected, Company: Pierce County Sewer
Parking & Outdoor
Lot0.44 Acres
Location & Tax
NeighborhoodLakeview
Annual tax$9,856
Parcel5080000082
Features & details
5 categories of property features
Interior Features
Flooring
Ceramic Tile
Hardwood
Laminate
Carpet
Heating
Baseboard
Fireplace Insert
Wall Furnace
Electric
Natural Gas
Cooling
None
Exterior Features
Construction
Brick
Lot Features
Fenced-Fully
Listing insights
Market data and value estimates
StatusFor Sale
Days on market10
Est. rent$1,973/mo
Tax rate0.88%
Price/sqft$360
On marketMar 26, 2026
PostedMar 27, 2026
Last sold$59,719
MLS statusActive
MLS updatedMar 27, 2026
Tour days9
Views187
Favorites3
How are the schools in Lakewood?
3 schools rated nearby
Location
Lakewood, WA, 98499
Price history
13 events
DateEventPrice$/sqftSource
Mar 27, 2026Listed For Sale$1,650,000$360NWMLS as distributed by MLS GRID
Jan 23, 2018Sold$59,719$13Public Record
Apr 1, 2016Sold$425,000$93NWMLS as distributed by MLS GRID
Sep 18, 2015Listed For Sale$449,000$98Postlets
Mar 2, 2015Listing Removed$430,000$94MLS4owners.com
Mar 3, 2014Listed For Sale$430,000$94MLS4owners.com
Sep 12, 2010Listing Removed$489,950$107Windermere Metropolitan
Apr 3, 2010Price Change$489,950$107Windermere Metropolitan
Feb 26, 2010Listed For Sale$470,000$103MLS4owners.com
Nov 12, 2009Listing Removed$470,000$103Handspring Real Estate Inc
Sep 8, 2009Price Change$470,000$103Handspring Real Estate Inc
Aug 12, 2009Price Change$450,000$98Handspring Real Estate Inc
Jun 12, 2009Listed For Sale$475,000$104Handspring Real Estate Inc
Listed For Sale$1,650,000
Mar 27, 2026•$360/sqft•NWMLS as distributed by MLS GRID
Sold$59,719
Jan 23, 2018•$13/sqft•Public Record
Sold$425,000
Apr 1, 2016•$93/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$449,000
Sep 18, 2015•$98/sqft•Postlets
Listing Removed$430,000
Mar 2, 2015•$94/sqft•MLS4owners.com
Listed For Sale$430,000
Mar 3, 2014•$94/sqft•MLS4owners.com
Listing Removed$489,950
Sep 12, 2010•$107/sqft•Windermere Metropolitan
Price Change$489,950
Apr 3, 2010•$107/sqft•Windermere Metropolitan
Listed For Sale$470,000
Feb 26, 2010•$103/sqft•MLS4owners.com
Listing Removed$470,000
Nov 12, 2009•$103/sqft•Handspring Real Estate Inc
Price Change$470,000
Sep 8, 2009•$103/sqft•Handspring Real Estate Inc
Price Change$450,000
Aug 12, 2009•$98/sqft•Handspring Real Estate Inc
Listed For Sale$475,000
Jun 12, 2009•$104/sqft•Handspring Real Estate Inc
Tax history
19 years of records
YearTax paidAssessed value
Apr 7, 2024$9,856$891,500
Apr 7, 2023$9,891$899,000
Apr 7, 2022$9,480$899,000
Apr 7, 2021$9,725$818,000
Apr 7, 2019$6,671$651,000
Apr 7, 2018$6,121$542,500
Apr 7, 2017$5,697$405,400
Apr 7, 2016$5,697$351,000
Apr 7, 2014$5,697$351,000
Apr 7, 2013$4,537$351,000
Apr 7, 2012—$279,000
Apr 7, 2011—$279,000
Apr 7, 2010—$291,300
Apr 7, 2009—$317,200
Apr 7, 2008$3,811$317,200
Apr 7, 2007$3,811$301,400
Apr 7, 2002$3,359$210,300
Apr 7, 2001$3,189$210,300
Apr 7, 2000$3,189$197,900
Nearby homes
Neighborhood details
Local context around this listing
Lakewood, WA • Pierce County
Nearby neighborhoods
Carter LakeCusterDowerIdlewildLake LouiseLakeviewOakbrookOakwoodPark LodgeTyee Park
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
98438984399849398496984979849898499
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Based on information submitted to the MLS GRID as of 2026-04-07 06:08:32 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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