diff --git a/src/ape_test/accounts.py b/src/ape_test/accounts.py
index b1e2ec22c4..b3b40777c2 100644
--- a/src/ape_test/accounts.py
+++ b/src/ape_test/accounts.py
@@ -1,5 +1,6 @@
 import warnings
 from collections.abc import Iterator
+from functools import cached_property
 from typing import TYPE_CHECKING, Any, Optional, Union, cast
 
 from eip712.messages import EIP712Message
@@ -115,7 +116,7 @@ class TestAccount(TestAccountAPI):
     def alias(self) -> str:
         return f"TEST::{self.index}"
 
-    @property
+    @cached_property
     def address(self) -> AddressType:
         return self.network_manager.ethereum.decode_address(self.address_str)
 
@@ -125,7 +126,7 @@ def public_key(self) -> "HexBytes":
 
     @log_instead_of_fail(default="<TestAccount>")
     def __repr__(self) -> str:
-        return f"<{self.__class__.__name__}_{self.index} {self.address_str}>"
+        return f"<{self.__class__.__name__}_{self.index} {self.address}>"
 
     def sign_authorization(
         self,
diff --git a/tests/functional/test_accounts.py b/tests/functional/test_accounts.py
index 864b0fe0a9..c2df02e37e 100644
--- a/tests/functional/test_accounts.py
+++ b/tests/functional/test_accounts.py
@@ -681,6 +681,10 @@ def test_test_accounts_repr(accounts, config):
     actual = repr(accounts)
     assert config.get_config("test").hd_path in actual
 
+    # Show actual test-account repr (address should be checksummed).
+    actual = repr(accounts[0])
+    assert accounts[0].address in actual
+
 
 def test_account_comparison_to_non_account(core_account):
     # Before, would get a ConversionError.