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20-Unit Courtyard Apartment Community

12211 Edgewood Ave SW, Lakewood, WA 98498

For Sale
Contact for pricing

Single-story homes feature two bedrooms, one bath, and in-unit laundry.

Property SizeContact for details
Days on Market47

Property Features for 12211 Edgewood Ave SW

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 20 x 2BR/1BA
Multifamily Units 20

Additional Details

Average Monthly Rent $1,587
Tenant in Place Yes

Amenities

in-unit washer/dryer

Building Details

Year Renovated 2018
Stories 1
Construction courtyard-style
Listing Agency: Berkadia
Listed By: Mitchell Belcher · License WA #125100
Source: Crexi
Added: Sep 29 Changed: Nov 8 Last Checked: Nov 12 at 5:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkadia

Rey
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Investment Insights

Based on property information with market context.

This 20-unit apartment property is arranged as a single-story courtyard community, with each residence offering a two-bedroom, one-bath layout averaging 725 square feet. Unit improvements completed in 2018 include granite countertops, wood-style flooring, renovated bathrooms, energy-efficient windows, and in-unit washer and dryers.

The property is at 12211 Edgewood Ave SW in Lakewood, near Joint Base Lewis-McChord and the VA Puget Sound Health Care System. Retail and dining are located a few blocks away, and American Lake is also identified as a nearby area feature.

Key Highlights

  • 20 apartment units in a single‑story courtyard layout
  • Two‑bedroom, one‑bath floor plans averaging 725 square feet
  • All 20 units upgraded in 2018

Property Analytics

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Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

159
Businesses Nearby

Demographics for 98498, WA

29,982
Population
12,842
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
9.9 sq mi
ZIP Area
3,028
Density / Sq Mi
$88,382
Median Household Income
$50,994
Median Earnings
$1,604
Median Rent
$458,200
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in Pierce County, WA

$259 Jul
$252 Aug
$244 Sep
$246 Oct

Properties on Market for Apartment buildings in Pierce County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Single-story homes feature two bedrooms, one bath, and in-unit laundry.
Where is this apartment building located?
The property is located at 12211 Edgewood Ave SW Lakewood, WA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 20 apartment units in a single‑story courtyard layout; Two‑bedroom, one‑bath floor plans averaging 725 square feet; All 20 units upgraded in 2018
(425) 891-9594 Call to check price and availability
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