A point of interest:
I am a big proponent of using the GEDCOM standard as a guide (it is not perfect, but better than anything I've seen proposed to date) to understanding what you should and should not do.
The "Address" fact is not supported in GEDCOM the RESIdence fact is supported.
I use the RESI fact for exactly what you are proposing.
The RESI tag was added with v5.4 of GEDCOM and is defined as: "An address or place of residence that a family or individual resided.", "The address structure should be formed as it would appear on a mailing label"