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Listed by: Ross Hubbard | The Paragon Group
Sold Oct 15, 2021
$2,700,000

1-16 - 12502 Addison Street, Lakewood WA

-beds
-baths
13,200sq ft
$204/sq ft
66 days on rennie13 cumulative days on market
1814129MLS ®

Investor Alert! Incredible opportunity to own Clover Creek Apartments featuring 15 - 2 bed/1 bath units. The units are all turn-key and renovated to market standards. Coin operated laundry provides additional income. Rental rates increasing dramatically in Lakewood with room to increase the rent on all of these 2 bed units to $1,350+$135/RUBS. Very quiet dead end street with lots of parking, yards for main floor residents, patios for all, easy access to local amenities and employment for tenants. Brand new TPO Membrane roof (50 year roof), full exterior paint, and all interior units renovated to market standards to maximize rental income. Located near both Ft. Lewis and McChord Air Force Base.

property details


Residential IncomeProperty type
22,550 ft²Lot area SF
$18,842Taxes 2020
13,200 ft²Living area
PavedFeatures included
Coin LaundrySite influences
SubareaLakewood
Listed byThe Paragon Group
rennie last checkedJune 20, 2025 at 12:56pm
Last updatedSeptember 05, 2024 at 05:52am
Cumulative days on market13 days
Closed DateOctober 15, 2021
SourceNWMLS, MLS # 1814129NWMLS Logo

Additional Details


Additional property details
Outdoor areaPatio
Parking / Storage
Parking places - total25
Additional building details
Complex / sub divisionLakewood
Year Built1965
ConstructionWood Siding
FoundationSlab
RoofComposition
Floor finishHardwood, Laminate, Carpet
FencingFull
Water typePublic
Fuel / heatingElectric
Storeys in building3
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California DRE #02248150

Based on information submitted to the MLS GRID as of June 20, 2025 at 12:56pm. All data is obtained from various sources and may not have been verified by rennie 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.

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Disclaimer: The information contained in this listing has not been verified by rennie, and should be verified by the buyer. Some IDX listings have been excluded from this website. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2024 NWMLS. All rights are reserved.