5907 to 5909 SW 111th #07-09, Lakewood, WA, 98499
About This Home
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!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1958
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Laminate,Vinyl,Vinyl Plank,Carpet
Heating & Cooling
- Heating features: Forced Air,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 2,360
- Total interior livable area: 2,360 sqft
Property
Details
- Parcel number: 6720100442
- Zoning description: Multi-Family
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 8,315 sqft
- Features: Paved,Fenced-Fully
Parking
- Total spaces: 8
- Covered spaces: 2
- Uncovered spaces: 6
- Carport spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,907 | $34,884 |
| Home Insurance * | $161 | $1,932 |
| Property Taxes | $407 | $4,884 |
| Electricity | $161 | $1,937 |
| Total | $3,636 | $43,632 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Price change | $590,077 |
| 2026-04-08 | Listed for sale | $599,733 |
View on Zillow