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5503 112th Street SW Lakewood, WA $ 520,000
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$ 520,000 Get more info
5503 112th Street SW
$ 520,000
Back to search
Share Save

5503 112th Street SW

Lakewood, WA, 98499
$ 520,000
Baths0.0 Sq 2,026

Monthly Estimate*

$ 3,244

Listed by Pellego, Inc.
5503 112th Street SW, Lakewood, WA 98499 - Image 1
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Studio

Multi-Family Home for sale in Lakewood, WA

for $520,000. This 2,026 square foot home was built in 1940 on a lot size of 0.2984.

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. 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! Rents $2950. 2x1, 1x1, 0x1. 0x1 empty and remodeled for new owner or to be rented for 1k all util included for $3950 total rent.

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Multi-Family Active

Price

$ 520,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,846

Style

Tri-plex

Lot Size

0.2984

Year Built

1940

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2312163
Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling Wall Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1940
Property Subtype Multi Family
Tax Year 2024
County Pierce
Net Operating Income 3750
Insurance Expense 2000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Clover Park
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I-5 South take Exit 125 onto Bridgeport Way. Right onto Bridgeport Way SW Left onto 112th St SW Right onto 55th Ave SW. Home on Left.
City Lakewood
Senior Community Y/N N
High School District Clover Park
Zoning Description Multi-Family
Open Parking Spaces 6
Number Of Units Total 3
MLS Area 40 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 13000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 4846
Electric Expense 0
Fuel Expense 0
Public Remarks 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. Features include on-site l
Leasable Area 2026
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 2400
Property Style 53 - Tri-plex
Cap Rate 59.8
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 2026
Lot Size Acres 0.2984
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 6
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2312163
Street Number 1 5503
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* Excluded Features
List By
Shawn Darden

Listing Agent

Pellego, Inc.

Broker

Affordability Calculator

$3,648
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,244
Monthly Property Taxes
$404
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256768 Elementary School
256614 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/20/2025$520,000 -2.80% Price Down
6/12/2025$535,000 -0.93% Price Down
5/3/2025$540,000 -1.82% Price Down
2/17/2025$550,000 -2.65% Price Down
11/21/2024$565,000 Listed Price

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5503 112th Street SW, Lakewood, WA, 98499 is a Multi-Family Home for sale at $520,000 with 2,026 sqft and a lot size of 0.2984. 5503 112th Street SW is a studio with 0.0 baths and was built in 1940. The property's zip code is 98499 which is in Lakewood, WA

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