5907 to 5909 SW 111th # 07-09 Lakewood, WA $ 599,733
5907 to 5909 SW 111th # 07-09
$ 599,733
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5907 to 5909 SW 111th # 07-09

Lakewood, WA, 98499
$ 599,733
Baths0.0 Sq 2,360

Monthly Estimate*

$ 3,693

Listed by Keller Williams West Sound
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Studio

Multi-Family Home for sale in Lakewood, WA

for $599,733. This 2,360 square foot home was built in 1958 on a lot size of 0.1909.

Two units, one smart investment, welcome to your next cash-flowing property in Lakewood! This well-maintained 2,360 sq ft duplex at 5907-5909 111th St Sw offers endless potential for investors, multi-generational living, or owner-occupants looking to offset their mortgage. Each spacious unit features 2 large bedrooms, 1.5 bathrooms, and a bright, inviting living room centered around a cozy fireplace. The layout boasts a large kitchen space with ample storage, plus a separate laundry room and half-bath on the main floor. Upstairs, you'll find two generously sized bedrooms and a full bathroom, providing comfortable separation of space. Situated on a large 8,316 sq ft lot, the property includes a fully fenced yard, newly replaced water heaters, updated bathroom (5909), new carpet, a patio, and abundant parking with up to 8 spaces (including carports). Well maintained to ensure it's move-in ready. In a prime location situated in the desirable Lakeview neighborhood, this duplex is just minutes from Joint Base Lewis-McChord (JBLM), making it a highly sought-after rental. Enjoy walking distance to Clover Park High School, local parks, and the Lakewood Towne Center. Commuting is a breeze with quick access to I-5 and Bridgeport Way. Whether you're looking to live in one unit and rent the other, accommodate extended living, or add a solid cash-flowing asset to your portfolio, this duplex delivers. Don't miss out on this rare Lakewood property!

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Multi-Family Active

Price

$ 599,733

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,216

Style

Duplex

Lot Size

0.1909

Year Built

1958

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2503329

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Fully Fenced
Year Built 1958
View Territorial
Unit Number 07-09
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 44472
Insurance Expense 1600
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lakewood
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS Navigation apps lead accurately to the property
High School Buyer To Verify
City Lakewood
Senior Community Y/N N
High School District Lakewood
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 36 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 8316
Carport Spaces 2
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 5216
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Two units one smart investment welcome to your next cash-flowing property in Lakewood! This well-maintained 2 360 sq ft duplex at 5907-5909 111th St Sw offers endless potential for investors multi-ge
Leasable Area 2360
Virtual Tour https://listings.imageartsphoto.com/sites/rwnzxlpg/unbranded
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Lakewood Water District
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 1512
Property Style 52 - Duplex
Cap Rate 7.4
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Exterior
Exterior Amenities Wood
Lot Features Paved
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 2360
Lot Size Acres 0.1909
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Fenced-Fully
Parking Uncovered Total 6
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Interior
Flooring Laminate Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2503329
Street Number 1 5907
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* Excluded Features
List By
Peter Bradrick

Listing Agent

Keller Williams West Sound

Broker

Affordability Calculator

$4,127
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,693
Monthly Property Taxes
$435
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3100088 Elementary School
3100335 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2026$599,733 Listed Price

Map


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5907 to 5909 SW 111th # 07-09, Lakewood, WA, 98499 is a Multi-Family Home for sale at $599,733 with 2,360 sqft and a lot size of 0.1909. 5907 to 5909 SW 111th # 07-09 is a studio with 0.0 baths and was built in 1958. The property's zip code is 98499 which is in Lakewood, WA