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.
Sold
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
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#: 2352212

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