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Duplex With Attached Garages

12403 -12405 Edgewood Avenue SW, Lakewood, WA 98498

For Sale
$690,000

Each residence has three bedrooms, a fireplace, and a separately fenced backyard.

Property Size1,248 SF
Price / SF$552.88
Days on Market33

Property Features for 12403 -12405 Edgewood Avenue SW

General Information

Standard status Active
Size 1,248 SF
Total Parking Spaces 2
Property subtype Multi Family

Financials

Gross Income $57,600
Average Monthly Rent $2,400

Units

Unit Mix 3BR/1BA, 3BR/1.75BA
Multifamily Units 2
Parking per Unit 1

Additional Details

Tenant in Place Yes

Amenities

wood-burning fireplace
private fenced backyard

Building Details

Year Built 1957
Year Renovated 2026
Buildings 1
Tenancy Multi
Listing Agency: RealTrust Properties
Listed By: Uma D Chand · License #88130
Source: Dalewalters
Added: Oct 7 Changed: Nov 7 Last Checked: Nov 8 at 1:01PM

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 RealTrust Properties

Rey
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Investment Insights

Based on property information with market context.

This two-unit duplex was built in 1957 and renovated in 2026, with work addressing flooring, bathrooms, plumbing, electrical, furnaces, basement windows, appliances, paint, and roofing. Both homes have galley kitchens with eat-in dining, two family rooms, and wood-burning fireplaces. Each also includes an attached one-car garage and a fenced backyard, with fencing separating the outdoor areas from one another and adjoining lots.

Each unit contains three bedrooms. Unit 12403 has one bathroom, while Unit 12405 has 1.75 bathrooms and is leased through May 2027. Tenants pay utilities in addition to rent. The property is near American Lake and local parks.

Key Highlights

  • Two‑unit duplex with both residences renovated in 2026
  • Each unit has 3 bedrooms, two family rooms, and a wood‑burning fireplace
  • Unit 12403 includes 1 bathroom; Unit 12405 has 1.75 bathrooms

Property Analytics

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Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

150
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 Duplexes in Pierce County, WA

$363 Jul
$315 Aug
$302 Sep
$300 Oct

Properties on Market for Duplexes 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?
Duplex - Each residence has three bedrooms, a fireplace, and a separately fenced backyard.
Where is this duplex located?
The property is located at 12403 -12405 Edgewood Avenue SW Lakewood, WA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences renovated in 2026; Each unit has 3 bedrooms, two family rooms, and a wood‑burning fireplace; Unit 12403 includes 1 bathroom; Unit 12405 has 1.75 bathrooms
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