5503 112th Street Southwest

5503 112th Street Southwest

Lakewood, WA 98499

$405,000
Last Sold Price
3
Beds
3
Baths
2,026 Sq. Ft.
$200 / Sq. Ft.
2,026
Sq. Ft.
$200
per Sq. Ft.

Sold 3/3/23

Sold 3/3/23

a backyard of a house with table and chairs
a backyard of a house with lots of green space
a backyard of a house
a view of a house with a yard with plants and large trees
a view of a house with a wooden fence
a view of a kitchen with wooden floor and electronic appliances
a view of an empty room with wooden floor and a window
a bathroom with a glass shower door
a close up of a sink
a large kitchen with a stove a refrigerator a sink dishwasher and wooden floor
a view of empty room with wooden floor and fan
a view of a kitchen with a sink and wooden floor
a kitchen with granite countertop white cabinets and white appliances
a bathroom with a sink a toilet and shower
a bathroom with a sink toilet and shower
a view of entryway
a view of an empty room with a window
a bedroom with a bed and a cabinets
a living room with furniture and wooden floor
a view of a hallway with wooden floor and closet
a bedroom with a bed and a flat screen tv
a kitchen with stainless steel appliances granite countertop sink stove and cabinets
a bathroom with a sink toilet and mirror
a very nice looking open kitchen with a dining table and chairs
a kitchen with a sink appliances and cabinets
a utility room with dryer and washer
Listing provided courtesy of QBM Realty & Property Mgmt LLC

Description

Attention investors! A triplex in a lovely Lakewood neighborhood is for sale. New exterior paint and gutters in September 2022! Situated in walking distance to shops/restaurants and close to the freeway. First unit is 2 bed, 1 bath rented at $1,150 (under market). Second unit is an updated studio that has recently been vacated. Third unit is a vacant 1 bed, 1 bath and recently updated as well. Centralized washer/dryer for all units. This is a perfect opportunity for owner/investor to live in the...Attention investors! A triplex in a lovely Lakewood neighborhood is for sale. New exterior paint and gutters in September 2022! Situated in walking distance to shops/restaurants and close to the freeway. First unit is 2 bed, 1 bath rented at $1,150 (under market). Second unit is an updated studio that has recently been vacated. Third unit is a vacant 1 bed, 1 bath and recently updated as well. Centralized washer/dryer for all units. This is a perfect opportunity for owner/investor to live in the vacant unit and have tenants pay your mortgage. Current cap rate with under market rent is over 6% and can easily be increased. You don’t want to miss this rare mutli-family!
  1. Listed by Quincy Allen • QBM Realty & Property Mgmt LLC

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
08-22-2022
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of QBM Realty & Property Mgmt LLC

Sold By QBM Realty & Property Mgmt LLC

Add your commute
LISTING UPDATED: 03/13/2023 02:03 PM

Property Details for 5503 112th Street Southwest

StatusSold
MLS #1986485
Days on Market133
Cumulative Days on Market131
Taxes$4,592 / 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 QBM Realty & Property Mgmt LLC

Sold By QBM Realty & Property Mgmt LLC

Add your commute

Building Information for 5503 112th Street Southwest

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

Payment Calculator

$2,593 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,210

Property Taxes

$383

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
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet, RV Parking
  • Area: 40 - Lakewood
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • 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: 2022
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Laminate Hardwood, Wall to Wall Carpet
  • Cooling: Yes
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 3348
  • Power Company: Lakeview Light & Power
  • Sewer Company: Pierce County Sewer
  • Water Company: Lakewood Water District
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 26
Lot Information
  • Lot Details: Corner Lot, Paved
  • Lot Size Source: Pierce County Assessor
  • 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: $1,980
  • Total Expenses: 11120
  • Gross Adjusted Income: 40800
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $40,800
  • Insurance Expense: $1,200
  • Net Operating Income: $29,680
  • Other Expenses: $0
  • Total Monthly Income: 2050
  • 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: 1100
  • Rent Unit 1: $1,150.00
  • Bedrooms Unit 1: 2
  • 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: 375
  • Rent Unit 2: $900.00
  • Bedrooms 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: 551
  • Rent Unit 3: $.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2026.0
  • Leasable Area Units: Square Feet

Property History for 5503 112th Street Southwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$216,000Additions$231,800Total$447,800
Tax Record2024$4,846 ($404 / 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
CPSD Open Doors Program
Public - 9 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

CPSD Open Doors Program
Public9 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Lakeview

Neighborhoods

Cities

ZIPs

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of QBM Realty & Property Mgmt LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.