Property profile

5104 128th St SW Ct 5122 Lakewood, WA 98499

OFF-MARKET
Apartment buildings
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Property ID
US90-1684438
3,150 SF 1.12 ac Built 1985
Last sale Jan 2019·$5,293,600
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$36k
Tax billed · 2024
Assessed value$3.30M
Assessed land$2.06M
Assessed improvement$1.25M
Effective rate1.09%

Value estimate

· Nov 2026
$575k
$518k – $633k
AI approach$430k
CAP approach$585k
Submarket $/SF estimate$705k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$389/SF
ZIP average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$204 – $654
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MF2
The Multifamily 2 zoning district provides for high density housing types and designs, especially of a multiple story design, that combin...
General categoryRESIDENTIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.5
Dental Office9.0
Law Firm8.7

Location

5104 128th St SW Ct, Unit 5122 Lakewood, WA 98499-3392
County assessor Recorded deeds · 8 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8331 32nd S, Lakewood, WA 98499-5024 $21,429,000 Dec 2025 3,120 SF
8324th 32nd Ave S, Lakewood, WA 98499 $21,429,000 Dec 2025 3,120 SF
5109 Mcchord SW, Lakewood, WA 98499-3290 $230,000 May 2025 3,046 SF
4119 110th SW, Lakewood, WA 98499-4104 $2,296,500 Mar 2025 3,120 SF
5607 76th W, Lakewood, WA 98499-8439 $980,000 Aug 2023 2,848 SF
10607 Kendrick SW, Lakewood, WA 98499-4202 $950,000 Apr 2023 3,033 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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