Listing Courtesy of: RealTrust Properties
Listing Agent: Uma Chand
206-920-8611; chanduc@live.com
12403 -12405 SW Edgewood Avenue
Lakewood, WA 98498
$715,000
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!!!
Listing Courtesy of: RealTrust Properties
Listing Agent: Uma Chand
206-920-8611; chanduc@live.com
| MLS #: | 2591137 |
|---|---|
| List Price: | $715,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Living Area: | 2,496 |
| Association Fee: | $0 |
| Tax Annual Amount: | $475 |
| Lot Size Square Feet: | 6,600 |
| Lot Size Acres: | 0.1515 |
| City: | Lakewood |
| County Or Parish: | Pierce |
| Subdivision Name: | Lakewood |
| Postal Code: | 98498 |
| Year Built: | 1957 |
| Number Of Units Total: | 2 |
| Basement: | false |
| Building Area Total: | 2,496 |
| Building Area Units: | Square Feet |
| Carport Spaces: | 2 |
| Cooling?: | Yes |
| Covered Spaces: | 2 |
| Directions: | GPS - Friendly |
| Electric Expense: | $2,268 |
| Elementary School: | Buyer To Verify |
| Elevation Units: | Feet |
| Exterior Features: | Wood, Wood Products |
| Fireplaces Total: | 0 |
| Flooring: | Laminate |
| Foundation Details: | See Remarks |
| Fuel Expense: | $540 |
| Garage Spaces: | 2 |
| Gross Scheduled Income: | $63,300 |
| Heating?: | Yes |
| High School: | Buyer To Verify |
| High School District: | Clover Park |
| Insurance Expense: | $952 |
| Leasable Area: | 1,248 |
| Listing Terms: | Conventional, FHA, USDA Loan, VA Loan |
| Lot Features: | Cul-De-Sac, Paved |
| Lot Size Units: | Square Feet |
| Main Level Bathrooms: | 0 |
| Middle Or Junior School: | Buyer To Verify |
| MLS Area Major: | 38 - Lakewood |
| Net Operating Income: | $44,702 |
| Calculated Square Footage: | 2,496 |
| Effective Year Built Source: | Public Records |
| Energy Source: | Electric, Natural Gas |
| First Right Of Refusal: | false |
| Gross Adjusted Income: | 55872 |
| Gross Rent Multiplier: | 12.41 |
| Leased Items: | None |
| MLSLot Size Source: | .152ac |
| Offers: | Seller intends to review offers upon receipt |
| Parking Uncovered Total: | 2 |
| Preliminary Title Ordered: | Yes |
| Seller Disclosure: | Provided |
| Site Features: | Deck, Fenced-Fully, Gas Available, High Speed Internet, Patio |
| SOCComments: | 2 |
| Style Code: | 52 - Duplex |
| Total Expenses: | 9094 |
| Total Monthly Income: | 2300 |
| Units Below Grade: | false |
| Units In Building Total: | 2 |
| Vacancy Rate: | 3 |
| Water Sewer Garbage: | 2359 |
| Original List Price: | $715,000 |
| Other Expense: | $2,500 |
| Parcel Number: | 6385200020 |
| Parking Total: | 4 |
| Possession: | Closing, Negotiable, Subject To Tenant Rights |
| Power Production Type: | Electric, Natural Gas |
| Property Condition: | Good |
| Roof: | Composition |
| Security Features: | Fully Fenced |
| Sewer: | Sewer Connected |
| Special Listing Conditions: | None |
| State Or Province: | WA |
| Stories Total: | 2 |
| Structure Type: | Duplex |
| Tax Year: | 2026 |
| View: | Territorial |
| View?: | Yes |
| Water Source: | Community |
| Year Built Effective: | 1971 |
| Cooling: | Forced Air |
| Heating: | Forced Air |
| Status: | Active |
| Additional Parcels Description: | Reallist |
| Construction Materials: | Wood |
| Additional Monthly Income: | $2,500 |
| Common Interest Community Yn: | false |
All listings featuring the 
icon are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2026. All rights reserved.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. The information contained in this listing has not been verified by AH Walla Walla LLC and should be verified by the buyer.
Northwest Multiple Listing Service data last updated on October 08, 2026 03:05 PM - PT
Based on information submitted to the MLS GRID as of October 08, 2026 03:05 PM - PT. 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. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Property Last Updated: October 08, 2026 03:05 PM - PT
