$715,000
Est. $3,960/mo2,496 sq ft
12403 -12405 Edgewood Avenue SW, Lakewood, WA 98498
• Listed Oct 7, 2026•1 day active · 1 cumulative
Listing Broker: RealTrust Properties; Uma D Chand; 206-920-8611; chanduc@live.com
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Listing Broker: RealTrust Properties; Uma D Chand; 206-920-8611; chanduc@live.com
About this home
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!!!
Listed by Uma D Chand • RealTrust Properties
Listing updated: October 8, 2026 at 04:17pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2591137
Around this home
How much should you offer?
12403 -12405 Edgewood Avenue SW, Lakewood, WA 98498
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Duplex
Flooring
- Laminate
Heating & cooling
- Forced Air heating
- Forced Air cooling
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units in building
- 2
- Units below grade
- false
- Building square feet
- 2,496 sq ft
Income & expenses
- Gross scheduled income
- $63,300
- Total monthly income
- $2,300
- Additional monthly income
- $2,500
- Gross adjusted income
- $55,872
- Net operating income
- $44,702
- Cap rate
- 6.25%
- Gross rent multiplier
- 12.41
- Vacancy rate
- 3%
- Total expenses
- $9,094
- Insurance
- $952
- Electric
- $2,268
- Fuel
- $540
- Other expenses
- $2,500
- Water / sewer / garbage paid by
- 2359
Parking & storage
- Parking spaces
- 4
- Uncovered parking
- 2
- Covered spaces
- 2
Taxes & assessment
- Annual taxes
- $475
- Tax year
- 2026
- Financing
- Conventional, FHA, USDA Loan, VA Loan
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerClover Park School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Sales & Tax Records for 12403 -12405 Edgewood Avenue SW
NWMLS via MLS GridEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 7, 2026ListedNWMLS via MLS Grid · #2591137$715,000$286/sq ft
- Feb 27, 2015SoldNWMLS via MLS Grid · #731379$210,000$84/sq ft
- Feb 9, 2015PendingNWMLS via MLS Grid · #731379$220,000$88/sq ft
- Jan 12, 2015ListedNWMLS via MLS Grid · #731379$220,000$88/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$4,179 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: RealTrust Properties; Uma D Chand; 206-920-8611; chanduc@live.com
Market pulse
Lakewood is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 50 days.
Recent sales nearby
Within 1 mile · last 6 months$400,000 Sold
2 days ago
3 bd•1.5 ba•~1,332 sq ft•Single Family
9015 Winona Street SW, Lakewood, WA 98498
7%
Under list
98
Days on market
0.3 mi
Distance
$585,000 Sold
1 week ago
3 bd•1 ba•~1,780 sq ft•Single Family
8709 116th Street SW, Lakewood, WA 98498
10%
Under list
98
Days on market
0.7 mi
Distance
$480,000 Sold
2 weeks ago
5 bd•3.5 ba•~2,974 sq ft•Single Family
12703 Vernon Avenue SW, Lakewood, WA 98498
8%
Under list
18
Days on market
0.3 mi
Distance
$560,000 Sold
3 weeks ago
3 bd•1.75 ba•~1,268 sq ft•Single Family
8708 114th Street Ct SW, Lakewood, WA 98498
1%
Under list
36
Days on market
0.8 mi
Distance
$590,000 Sold
4 weeks ago
3 bd•2 ba•~1,868 sq ft•Single Family
8428 Veterans Drive SW, Lakewood, WA 98498
1%
Over list
75
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 8, 2026 at 04:17pm (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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