12020 Edgewood Avenue SW
Lakewood, WA 98498
- – beds
- – baths
- 2,728 sqft
- ~1/2 acre lot
- $265 per sqft
- 1982 build
Fully renovated, vacant, separate electric meters, ready to go! This Lakewood 4plex is a unicorn! You don't have to deal with existing tenants or renovations, just close and gain full control! Minutes to JBLM, this property is highly rentable. With a new roof, interior units updated with LVP flooring, countertops, bathroom vanities, and appliances, this is a worry-free investment. Whether you're looking for a house hack with a VA, FHA, or conventional loan, or you're an investor looking to add to your portfolio, this is a rare opportunity. Listed at a 7.4% cap rate, this is the best deal available and you can achieve a higher cap rate if you implement RUBS. Washer/dryer are shared and you can implement coin-op for additional income.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 4, 2025
•
MLS# 2352212 —
The Building
-
Year Built:1955
-
Year Built:1982
-
Year Built Source:Public Records
-
New Construction:false
-
Building Name:Lake City
-
Structure Type:Quadruplex
-
Roof:Composition
-
Foundation Details:Slab
-
Exterior Features:Metal/Vinyl
-
Units In Building Total:4
-
# of Units Total:4
-
Stories Total:1
-
Building Area Total:2728
-
Building Area Units:Square Feet
-
Calculated SqFt:2728
-
SqFt Source:Public Records
-
Construction Materials:Metal/Vinyl
Interior
-
Interior Features:Laminate, Laminate Hardwood
-
Flooring:Laminate
-
Fireplace:false
Financial & Terms
-
Possession:Closing
Location
-
Latitude:47.147938
-
Longitude:-122.564297
-
Directions:Washington Blvd to Edgewood (Traffic Light)
The Property
-
Property Type:Residential Income
-
Property Subtype:Multi-Family
-
Property Condition:Average
-
Parcel Number:5005003720
-
Lot Features:Corner Lot, Curbs, Paved, Sidewalk
-
Lot Size Units:Square Feet
-
Lot Size Acres:0.4132
-
Lot Size SqFt:18000
-
Lot Size Source:Public Records
-
Zoning Description:Multi-Family
-
Zoning Jurisdiction:City
-
View:false
-
Waterfront:false
-
Possible Use:Multi-Family
-
Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (253) 987-1778
- Office phone:
- (253) 987-1778
Taxes
-
Tax Year:2025
-
Tax Annual Amount:7352.41
The Listing
-
Special Listing Conditions:None
-
Virtual Tour Unbranded:
-
Virtual Tour URL Description:Property Website
Heating & Cooling
-
Cooling:false
-
Heating:true
-
Cooling:None
-
Heating:Baseboard
Utilities
-
Water Source:Public
-
Sewer:Sewer Connected
-
Water Sewer Garbage:6000
Schools
-
Elementary School:Lake Louise Elem
-
Middle Or Junior School:Buyer To Verify
-
High School:Lakes High
-
High School District:Clover Park
The Community
-
Subdivision Name:Lake City
-
Senior Community:false
-
Association:false
Parking
-
Parking Total:7
-
Parking Uncovered Spaces:7
-
Open Parking:true
-
Open Parking Spaces:7
-
Carport:false
Listing courtesy of NWMLS / COMPASS
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/3/25
Apr 3, 2025
|
Listed / Active | NWMLS | $725,000 | 42.2% |
|
2/10/25
Feb 10, 2025
|
NWMLS | $510,000 |
