Sold

Listed by: COMPASS • Gervon Simon

Bought with: COMPASS

$763,000

12020 Edgewood Avenue SW, Lakewood, WA 98498

5beds

4baths

2,728sqft

Quadruplex, Multi Family

Built in 1955

-- sqft lot

$-- Zestimate^®

$280/sqft

$2,553 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,553/mo

Zestimate^® history

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$2,553/mo

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$2,553/mo

Rent Zestimate^®

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$4,744/mo

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$4,744/mo

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Laminate
Has fireplace: No

Interior area

Total structure area: 2,728
Total interior livable area: 2,728 sqft

Property

Parking

Total spaces: 7
Parking features: Open
Uncovered spaces: 7

Features

Patio & porch: Laminate

Lot

Size: 0.41 Acres
Features: Corner Lot, Curbs, Paved, Sidewalk

Details

Parcel number: 5005003720
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family

Materials

Metal/Vinyl
Foundation: Slab
Roof: Composition

Condition

Average
Year built: 1955
Major remodel year: 1982

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Lake City

Location

Region: Lakewood

Financial & listing details

Price per square foot: $280/sqft
Tax assessed value: $665,900
Annual tax amount: $7,352
Offers reviewed: 04/06/2025
Date on market: 5/29/2025
Cumulative days on market: 419 days
Listing terms: Conventional

Price history

Date	Event	Price
7/18/2025	Listing removed	$1,275
Source: Zillow Rentals Report a problem
7/5/2025	Listed for rent	$1,275+34.9%
Source: Zillow Rentals Report a problem
5/1/2025	Sold	$763,000+5.2%$280/sqft
Source: NWMLS as distributed by MLS GRID #2352212 Report a problem
4/7/2025	Pending sale	$725,000$266/sqft
Source: NWMLS as distributed by MLS GRID #2352212 Report a problem
4/3/2025	Listed for sale	$725,000+42.2%$266/sqft
Source: NWMLS as distributed by MLS GRID #2352212 Report a problem
2/10/2025	Sold	$510,000$187/sqft
Source: NWMLS as distributed by MLS GRID #2331402 Report a problem
4/2/2020	Listing removed	$945
Source: NW Real Estate Magazine Report a problem
3/25/2020	Listed for rent	$945+16.7%
Source: NW Real Estate Magazine Report a problem
2/13/2018	Listing removed	$810
Source: Zillow Rental Network Report a problem
2/1/2018	Listed for rent	$810+5.9%
Source: Zillow Rental Network Report a problem
3/30/2017	Listing removed	$765
Source: NW Homes 4 You, LLC Report a problem
3/25/2017	Listed for rent	$765+7%
Source: NW Homes 4 You, LLC Report a problem
5/15/2016	Listing removed	$715+5.9%
Source: NW Homes 4 You, LLC Report a problem
7/26/2015	Listing removed	$675
Source: NW Homes 4 You, LLC Report a problem
5/18/2015	Listed for rent	$675
Source: NW Homes 4 You, LLC Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,352 -0.3%	$665,900 -2.8%
2023	$7,378 +7.3%	$685,400 +2.9%
2022	$6,879 +22.4%	$666,400 +39.1%
2021	$5,621 +38.7%	$479,200 +31.6%
2019	$4,053 -4.8%	$364,100 +8.2%
2018	$4,259 +3.5%	$336,600 +17.1%
2017	$4,115 +13.3%	$287,500 +19.7%
2016	$3,631	$240,100 +5.4%
2014	$3,631 +12%	$227,800 +16.3%
2013	$3,242	$195,900 -4.4%
2012	--	$204,900 -13.3%
2011	--	$236,400 -11%
2010	--	$265,600 -1.2%
2009	--	$268,900 -9.5%
2008	$3,929	$297,000 -8.6%
2007	$3,929 +73.8%	$325,100 +120%
2002	$2,261	$147,800

Find assessor info on the county website

Neighborhood: Lake City

Nearby homes

Nearby schools

GreatSchools rating

6/10
Lake Louise Elementary School
Grades: PK-5Distance: 0.7 mi
4/10
Woodbrook Middle School
Grades: 6-8Distance: 0.4 mi
6/10
Lakes High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

Elementary: Lake Louise Elem
High: Lakes High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.