Sold340d on market
12020 Edgewood Avenue SW
Lakewood, WA, 98498 • Lake City • Pierce County
$763,000
$280/sqft
5Beds
4Baths
2,728Sqft
0.41 acLot
1955Built
Property DNA
Lake City
Lake City
Outdoor Living
Laminate
This home is in high demand
Listed 340 days ago · 7 views · Top 3% likely to sell soon
Market activity
Demand and pricing signals for this listing
7 views
People checking out this listing
340 days on market
Established listing
$280/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 3% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1955
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.
Estimated monthly payment
Based on current rates
$4,731/month
Principal & Interest$3,714
Property Tax$763
Insurance$254
Down payment20% ($152,600)
3%50%
Est. 6.14% rate · 30yr fixed · $610,400 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1955
HeatingBaseboard, Electric
CoolingNone
Parking7 Open Parking spaces
Offer Review Date2025-04-06
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionAverage
Year built1955
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionMetal/Vinyl
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingOpen
Lot0.41 Acres
Location & Tax
NeighborhoodLake City
Annual tax$7,352
Parcel5005003720
Features & details
7 categories of property features
Interior Features
Flooring
Laminate
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Parking
Open
Construction
Metal/Vinyl
Patio & Porch
Laminate
Lot Features
Corner Lot
Curbs
Paved
Sidewalk
Listing insights
Market data and value estimates
StatusSold
Days on market340
Est. rent$2,909/mo
Tax rate0.88%
Price/sqft$280
On marketMay 28, 2025
PostedApr 3, 2025
Last sold$763,000
MLS statusSold
MLS updatedJun 1, 2025
Tour days6
Views7
How are the schools in Lakewood?
3 schools rated nearby
Location
Lakewood, WA, 98498
Price history
15 events
DateEventPrice$/sqftSource
Jul 18, 2025Listing Removed$1,275—Zillow Rentals
Jul 5, 2025Listed For Rent$1,275—Zillow Rentals
May 1, 2025Sold$763,000$280NWMLS as distributed by MLS GRID
Apr 7, 2025Pending Sale$725,000$266NWMLS as distributed by MLS GRID
Apr 3, 2025Listed For Sale$725,000$266NWMLS as distributed by MLS GRID
Feb 10, 2025Sold$510,000$187NWMLS as distributed by MLS GRID
Apr 2, 2020Listing Removed$945—NW Real Estate Magazine
Mar 25, 2020Listed For Rent$945—NW Real Estate Magazine
Feb 13, 2018Listing Removed$810—Zillow Rental Network
Feb 1, 2018Listed For Rent$810—Zillow Rental Network
Mar 30, 2017Listing Removed$765—NW Homes 4 You, LLC
Mar 25, 2017Listed For Rent$765—NW Homes 4 You, LLC
May 15, 2016Listing Removed$715—NW Homes 4 You, LLC
Jul 26, 2015Listing Removed$675—NW Homes 4 You, LLC
May 18, 2015Listed For Rent$675—NW Homes 4 You, LLC
Listing Removed$1,275
Jul 18, 20250•Zillow Rentals
Listed For Rent$1,275
Jul 5, 20250•Zillow Rentals
Sold$763,000
May 1, 2025•$280/sqft•NWMLS as distributed by MLS GRID
Pending Sale$725,000
Apr 7, 2025•$266/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$725,000
Apr 3, 2025•$266/sqft•NWMLS as distributed by MLS GRID
Sold$510,000
Feb 10, 2025•$187/sqft•NWMLS as distributed by MLS GRID
Listing Removed$945
Apr 2, 20200•NW Real Estate Magazine
Listed For Rent$945
Mar 25, 20200•NW Real Estate Magazine
Listing Removed$810
Feb 13, 20180•Zillow Rental Network
Listed For Rent$810
Feb 1, 20180•Zillow Rental Network
Listing Removed$765
Mar 30, 20170•NW Homes 4 You, LLC
Listed For Rent$765
Mar 25, 20170•NW Homes 4 You, LLC
Listing Removed$715
May 15, 20160•NW Homes 4 You, LLC
Listing Removed$675
Jul 26, 20150•NW Homes 4 You, LLC
Listed For Rent$675
May 18, 20150•NW Homes 4 You, LLC
Tax history
17 years of records
YearTax paidAssessed value
Apr 7, 2024$7,352$665,900
Apr 7, 2023$7,378$685,400
Apr 7, 2022$6,879$666,400
Apr 7, 2021$5,621$479,200
Apr 7, 2019$4,053$364,100
Apr 7, 2018$4,259$336,600
Apr 7, 2017$4,115$287,500
Apr 7, 2016$3,631$240,100
Apr 7, 2014$3,631$227,800
Apr 7, 2013$3,242$195,900
Apr 7, 2012—$204,900
Apr 7, 2011—$236,400
Apr 7, 2010—$265,600
Apr 7, 2009—$268,900
Apr 7, 2008$3,929$297,000
Apr 7, 2007$3,929$325,100
Apr 7, 2002$2,261$147,800
Nearby homes
Neighborhood details
Local context around this listing
Lakewood, WA • Pierce County
Nearby neighborhoods
Carter LakeCusterDowerIdlewildLake LouiseLakeviewOakbrookOakwoodPark LodgeTyee Park
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
98438984399849398496984979849898499
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Based on information submitted to the MLS GRID as of 2026-04-07 11:03:36 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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