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  • Listed by: 

    Gervon Simon,

    COMPASS

    $763,000

    12020 Edgewood Avenue SW, Lakewood, WA 98498

    5beds
    4baths
    2,728sqft
    Quadruplex
    Built in 1955
    -- sqft lot
    $759,900 Zestimate®
    $280/sqft
    $1,549 Estimated rent

    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.

    Zillow last checked: 7 hours ago

    Listing updated: June 01, 2025 at 04:03am

    Offers reviewed: Apr 06
    Listed by:

    Gervon Simon,

    COMPASS

    Bought with:

    Dyyana Simon, 23005562

    COMPASS

    Source: NWMLS,MLS#: 2352212MLS Logo

    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
    • Property subtype: Quadruplex
    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 & neighborhood

    Location
    • Region: Lakewood
    • Subdivision: Lake City

    Other

    Other facts
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 4 days
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $759,900
    2% more+ $15,198
    With Zillow Showcase(estimated)
    $775,098