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4120 109th St SW, Tacoma, WA, 98499

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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4120 109th St SW, Lakewood$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Year Built1979
HeatingBaseboard, Forced Air
CoolingNone
MLS #2302122
Lot Size0.50 Acres
StatusActive

About 4120 109th St SW

The Malibu Apartments is a Turn-Key asset with in place 5.89% Cap Rate with moderate upside. Malibu is comprised of 14 residential units, all 1 bed/1 bath and approximately 520 SF. 2 buildings, consisting of 8 units and 6 units respectively. The 8-unit building saw a studs out remodel in 2023. All 14 units are turn key. Washer/Dryer in each unit and plenty of on-site parking.

Property Details

Property Features

Property Information:

  • Year Built: 1979
  • Stories: 2

Listing Office:

  • Office Name: Urban Commercial Partners, LLC
  • Office Phone: (206) 325-9333
  • Listing Agent: Pat Suarez

Exterior Features

Exterior Information:

  • Exterior: Wood, Wood Products

Lot Features

Lot Information:

  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Best to use Navigation.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
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Housing Market Comparison

See how this home compares to others in Lakewood, WA.

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Lakewood, WA

City

Med. Sold Price

$510K

Med. Price/SqFt

$306

Avg. Days On Market

32

# of Sold Homes

47

4120 109th St SW vs Lakewood

32 DAYS ON ROCKET

-0 Day

$2,500,000

+$1.9M More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price in Lakewood, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2302122

Listing Office:

  • Office Name: Urban Commercial Partners, LLC
  • Office Phone: (206) 325-9333
  • Listing Agent: Pat Suarez

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:17:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-424267
4
/10

  • Lakeview Hope Academy

  • 10501 47th Ave SW

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-424268
3
/10

  • Tyee Park Elementary School

  • 11920 Seminole Rd SW

  • 0.97 miles

  • Public District Grades KG-5

school-card-donut-424269
5
/10

  • Four Heroes Elementary School

  • 9101 Lakewood Dr SW

  • 1.33 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,337. Most Lakewood, WA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4120 109th St SW

What is the listing price of this property?

The listing price of 4120 109th St SW property is $2,500,000.

What type of property is this?

The property 4120 109th St SW is a house located in Tacoma, Washington, 98499.

Is this property for sale now?

Active Listing: 4120 109th St SW is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The sq. ft. of 4120 109th St SW is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 4120 109th St SW is 1979.

Rocket Homes›Washington›Pierce County›Lakewood›98499›4120 109th St SW

This home is located at 4120 109th St SW in Tacoma, WA and zip code 98499 in the Montgrove neighborhood. This home, which was built in 1979, sits on a 0.50 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $2,500,000.

While more than 17 listings in Lakewood, WA in October 2024 were sold above asking price, there were more than 14 listings sold at asking price, and more than 16 were sold below. The number of listings in Lakewood, WA decreased by 1.9% between September 2024 and October 2024. While the average time on the market in October 2024 was 32 days, the median list price was $510,000.

From Rocket Homes Real Estate and based on county public records data.

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