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Listing Firm: COMPASS: Gervon Simon

Bought With: COMPASS : Dyyana Simon

SOLD On May 1, 2025
NWMLS # 2352212

$763,000

  • Sold Price

12020 Edgewood Avenue SW, Lakewood, WA 98498-1286

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Buyer's Agent: Dyyana Simon • COMPASS

Listed by: Gervon Simon • COMPASS

Aris360 Last Checked: 1 Minute Ago (Jul 04, 2025 07:48 AM)

  • Source: NWMLS as Distributed by MLS Grid #2352212

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Edgewood
  • Zip/Postal Code: 98498
  • City: Lakewood

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$3,847 per month
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Property Features

  • County
    • Lake City
  • Community
    • 38 - Lakewood
  • MLS Area
    • 38 - Lakewood
  • Longitude
    • -122.564297
  • Latitude
    • 47.147938
  • Project
    • Lake City
  • Directions
    • Washington Blvd to Edgewood (Traffic Light)

  • Interior
    • Laminate
    • Laminate Hardwood
  • Floors
    • Laminate
  • Power Production Type
    • Electric

  • Stories
    • 1
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 7
  • Lot Description
    • Corner Lot,
    • Curbs,
    • Paved,
    • Sidewalk,
  • Foundation
    • Slab,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Metal/Vinyl
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Average,
  • Building Total Area (Sq. Ft.)
    • 18000

  • High School District
    • Clover Park
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Lake Louise Elem
  • High School
    • Lakes High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Condominium,
  • Tax Amount
    • $7352.41
  • Year Built
    • 1955
  • Effective Year Built
    • 1982
  • Status
    • Sold
  • Project
    • Lake City

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jul 04 2025 . 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.

Jul 04, 2025 07:48 AM