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LCR
12403 SW Edgewood Avenue, Lakewood, WA 98498
- $715,000
- 2,496
- SqFt
Listing Broker: RealTrust Properties; Uma D Chand; 206-920-8611; chanduc@live.com
- List Price
- $715,000
- Status
- ACTIVE
- MLS#
- 2591137
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,496
- Area Total SqFt
- 2496
- Annual Tax Ammount
- 475
- Lot Size (sq ft)
- 6,600
- Sewer
- Sewer Connected
Property Description
This Lakewood duplex brings in $4800 per two units, and tenants pay utilities on top of rent. Both units were fully renovated in 2026. More than $125,000 went into bringing the duplex up to the City of Lakewood rental housing requirements. The work covered flooring, bathrooms, plumbing, electrical, furnaces, basement windows, appliances, painting, roof and gutter cleaning and other fixtures. Each units lives like a single family home, with its own attached one car garage for parking and storage and its own large fenced backyard. Fencing separates the two yards from each other and from the neighboring lots, so each household gets private outdoor space for kids, pets or summer barbecues. Unit 12403 has 3 bedrooms, 1bath, a bright galley kitchen with eat-in dining, two family rooms and a wood-burning fireplace for cozy evenings. It rents for $2,500 per month plus utilities. Unit 12405 has 3bedrooms, 1.75 bathrooms, a bright galley kitchen with eat-in dining, two family rooms and a wood burning fireplace. It's leased at $2.300 per month plus utilities through May 2027.The property is minutes from American Lake and local parks. The major systems are already updated, so the next owner can focus on leasing instead of repairs!!!
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Additional Information
- List Date
- 2026-10-07 15:58:11
- Community
- Lakewood
- Net Operating Income
- $44,702
- Gross Adjusted Income
- $55,872
- Gross Scheduled Income
- $63,300
- Total Monthly Income
- $2,300
- Insurance Expenses
- $952
- Water/Sewer/Garbage Expenses
- $2,359
- Gross Rent Multiplier
- 12.41
- Total Expenses
- $9,094
- Cap Rate
- 6.25
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 12403
- Potential Terms
- Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1957
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Gas Available, High Speed Internet, Patio
- Electric Expenses
- 2268
- Other Expenses
- 2500
- Energy Source
- Electric, Natural Gas
- School District
- Clover Park
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,300
- Gross Scheduled Income
- $63,300
- Vacancy Rate
- 3
- Gross Adjusted Income
- $55,872
- Tax Year
- 2026
- Insurance Expense
- $952
- W/S/G Expenses
- $2,359
- Total Expenses
- $9,094
- Net Operating Income
- $44,702
- Gross Rent Multiplier
- 12.41
- Cap Rate
- 6.25
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.