U-Shaped 8-Plex Apartment
For Sale
Contact for pricing
Pending
111th St SW, Lakewood, WA 98498
Turnkey 8-plex with updated interiors, private courtyard, and coin-operated laundry on a gated parcel.
Property Size4,584 SF
Lot Size0.44 Acres
Days on Market123
Property Features for 111th St SW
General Information
Standard status
Pending
Size
4,584 SF
Lot size
0.44 Acres
Property subtype
Multifamily
Zoning
C1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
8
Amenities
private courtyard
large playground area
coin operated laundry
gated-garbage enclosure
Building Details
Stories
1
Construction
brick
Tenancy
Multi
Listing Agency:
HDN Real Estate
(425) 277-1500
Listed By:
Hau Nguyen · License #WA-26780
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 11 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HDN Real Estate
Investment Insights
Based on property information with market context.
This turnkey 8-plex apartment building offers 8 units in a well maintained, U-shaped, 1-story brick configuration with a private courtyard. The property includes a gated-garbage enclosure on the street side and a large playground area enclosed by a fully gated fence. Interiors are described as updated, with flooring including tile, laminate, and hardwood, and the unit mix includes 2 two-bedroom apartments and 6 one-bedroom apartments. The building also features coin-operated laundry.
The property is located in the Lakewood commercial core next to St. Clare Hospital. It is minutes from I-5 and JBLM Military Base, and near Towne Center, with surrounding businesses and residential developments.
Zoned C1, the property sits on a 19,200 square-foot parcel as stated in the public remarks. The seller notes current rents are below market, with demand for rentals described as strong in the area.
The property is located in the Lakewood commercial core next to St. Clare Hospital. It is minutes from I-5 and JBLM Military Base, and near Towne Center, with surrounding businesses and residential developments.
Zoned C1, the property sits on a 19,200 square-foot parcel as stated in the public remarks. The seller notes current rents are below market, with demand for rentals described as strong in the area.
Key Highlights
- 8‑plex income‑producing property with a 4,584 SF building on a 19,200 SF parcel
- Unit mix: 2 two‑BR and 6 one‑BR apartments
- Well maintained 1‑story brick building with a private courtyard and U‑shaped layout
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 98498, WA
29,982
Population
12,842
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
3,028
Density / Sq Mi
$88,382
Median Household Income
$50,994
Median Earnings
$1,604
Median Rent
$458,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 8-plex with updated interiors, private courtyard, and coin-operated laundry on a gated parcel.
Where is this apartment building located?
The property is located at 111th St SW Lakewood, WA.
What are key features of this property?
This property features: 8‑plex income‑producing property with a 4,584 SF building on a 19,200 SF parcel; Unit mix: 2 two‑BR and 6 one‑BR apartments; Well maintained 1‑story brick building with a private courtyard and U‑shaped layout
