5503 112th St SW

Lakewood, WA 98499

$520,000
Price
3
Beds
3
Baths
2,026 Sq. Ft.
$257 / Sq. Ft.
2,026
Sq. Ft.
$257
per Sq. Ft.
a view of a house with backyard and a tree
a view of house with a yard
a backyard of a house with shaded area
a front view of a house with a yard
a view of house with backyard and deck
a bathroom with a sink and a washing machine
a view of empty room with wooden floor
a bathroom with a bathtub
a close view of a sink in a bathroom
a large kitchen with a stove a refrigerator a sink dishwasher and wooden floor
a view of a kitchen with wooden floor and electronic appliances
a kitchen with a sink and wooden floor
a kitchen with granite countertop a refrigerator a sink and white cabinets
a bathroom with a sink and a toilet
a white toilet sitting next to a bathroom sink and vanity
a view of a hallway with entryway
a view of an empty room with windows
a spacious bedroom with a bed and a cabinets
a living room with furniture and wooden floor
view of hallway with walk in closet
a bedroom with a bed and a flat screen tv
a kitchen with sink and refrigerator
a bathroom with a sink toilet and shower
a living room with furniture a rug and a large window
a kitchen with a sink stove and cabinets
a view of living room with furniture and a window
Listing provided courtesy of Pellego, Inc.

Description

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,...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.
  1. Listed by Shawn Darden • Pellego, Inc.

Property Details for 5503 112th Street Southwest

Community Name
Clover Park
School District
Clover Park
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
11-20-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 08/21/2025 10:58 AM

Property Details for 5503 112th Street Southwest

StatusActive
MLS #2312163
Days on Market390
Cumulative Days on Market383
Taxes$4,846 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.30 AC / 13,000 SF
CountyPierce County

Location

Listing Courtesy of Pellego, Inc.
Add your commute

Building Information for 5503 112th Street Southwest

Stories2Residences3Year Built1940Building Size-Lot Size0.30 AC / 13,000 SF

Payment Calculator

$2,973 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,570

Property Taxes

$404

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5503 112th Street Southwest

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 40 - Lakewood
  • 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.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: Yes
  • Cooling: Wall Unit(s)
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2400
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: REALIST
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 26
Lot Information
  • Lot Details: Corner Lot, Paved
  • Lot Size Source: REALIST
  • Parcel Number Free Text: 6675000100
  • Calculated Square Footage: 2026
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2026.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 9246
  • Gross Adjusted Income: 3750
  • Gross Rent Multiplier: 150.66
  • Gross Scheduled Income: $3,750
  • Insurance Expense: $2,000
  • Net Operating Income: $3,750
  • Other Expenses: $0
  • Total Monthly Income: 3750
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 551
  • Rent Unit 1: $1,325.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 1100
  • Rent Unit 2: $1,500.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 375
  • Bedrooms Unit 3: 0
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2026.0

Property History for 5503 112th Street Southwest

DateEvent & SourcePriceAppreciation
Feb 17, 2025

Price Change

NWMLS #2312163

$550,000—
Nov 20, 2024

Listed (Active)

NWMLS #2312163

$565,000—
Mar 3, 2023

Sold (Public Record)

Public Record #1507503884

$405,000

+11.6% / yr

Mar 3, 2023

Sold

NWMLS #1986485

$405,000—
Jan 2, 2023

Price Change

NWMLS #1986485

$454,999—
Jan 2, 2023

Pending

NWMLS #1986485

—
Nov 5, 2022

Price Change

NWMLS #1986485

$499,999—
Oct 21, 2022

Price Change

NWMLS #1986485

$509,999—
Oct 4, 2022

Price Change

NWMLS #1986485

$529,999—
Sep 13, 2022

Price Change

NWMLS #1986485

$549,900—
Aug 22, 2022

Listed (Active)

NWMLS #1986485

$575,000—
Feb 18, 2020

Sold (Public Record)

Public Record #663507685

$290,000

-34.2% / yr

Dec 10, 2019

Sold

NWMLS #1541527

$316,000—
Dec 10, 2019

Sold

NWMLS #1541154

$316,000—
Dec 5, 2019

Sold (Public Record)

Public Record #658935095

$316,000—
Dec 5, 2019

Sold (Public Record)

Public Record #658935095

$316,000—
Nov 17, 2019

Pending

NWMLS #1541527

—
Nov 17, 2019

Pending

NWMLS #1541154

—
Nov 14, 2019

Listed (Active)

NWMLS #1541527

$299,950—
Nov 14, 2019

Listed (Active)

NWMLS #1541154

$299,950—
DateEvent & SourcePrice
02/17/2025

Price Change

NWMLS #2312163

$550,000
11/20/2024

Listed (Active)

NWMLS #2312163

$565,000
03/03/2023

Sold (Public Record)

Public Record #1507503884

$405,000

+11.6% / yr

03/03/2023

Sold

NWMLS #1986485

$405,000
01/02/2023

Price Change

NWMLS #1986485

$454,999
01/02/2023

Pending

NWMLS #1986485

—
11/05/2022

Price Change

NWMLS #1986485

$499,999
10/21/2022

Price Change

NWMLS #1986485

$509,999
10/04/2022

Price Change

NWMLS #1986485

$529,999
09/13/2022

Price Change

NWMLS #1986485

$549,900
08/22/2022

Listed (Active)

NWMLS #1986485

$575,000
02/18/2020

Sold (Public Record)

Public Record #663507685

$290,000

-34.2% / yr

12/10/2019

Sold

NWMLS #1541527

$316,000
12/10/2019

Sold

NWMLS #1541154

$316,000
12/05/2019

Sold (Public Record)

Public Record #658935095

$316,000
12/05/2019

Sold (Public Record)

Public Record #658935095

$316,000
11/17/2019

Pending

NWMLS #1541527

—
11/17/2019

Pending

NWMLS #1541154

—
11/14/2019

Listed (Active)

NWMLS #1541527

$299,950
11/14/2019

Listed (Active)

NWMLS #1541154

$299,950

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5503 112th Street Southwest

Taxable ValueLand$219,600Additions$255,900Total$475,500
Tax Record2025$5,146 ($429 / month)
Home Facts
Total Finished SqFt2,026 SqFtAbove Ground SqFt2,026 SqFtStories1Lot Size13,000 SqFtStyleTriplexYear Built1940Year Renovated1978ZoningR4CountyPIERCEAPN6675000100

Schools near 5503 112th Street Southwest

This home is within Clover Park School District.
Rating
School
Type
Grades
Distance
Tyee Park Elementary School
Public - PK to 5
Lochburn Middle School
Public - 6 to 8
Clover Park High School
Public - 9 to 12
Special Education Services/Relife
Public - PK to 12
Rating
School
Distance
Tyee Park Elementary School
PublicPK to 5

Lochburn Middle School
Public6 to 8

Clover Park High School
Public9 to 12

Special Education Services/Relife
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5503 112th Street Southwest, Lakewood, WA 98499

5503 112th Street Southwest is a multi-family home for sale in Lakewood, WA 98499. This property was listed for sale on November 20, 2024 by Pellego, Inc., it's currently listed at $520,000. It has been on the market for a total of 390 days and was last sold on March 3, 2023. This listing's school district is Clover Park School District. Nearby schools include Tyee Park Elementary School, Lochburn Middle School and Clover Park High School. 5503 112th Street Southwest is a 3-bed, 3-bath, 2,026 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pellego, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 01:55 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.