diff --git a/homeassistant/components/mikrotik/device_tracker.py b/homeassistant/components/mikrotik/device_tracker.py
index 158d95dd683..6071c6e4f93 100644
--- a/homeassistant/components/mikrotik/device_tracker.py
+++ b/homeassistant/components/mikrotik/device_tracker.py
@@ -116,7 +116,7 @@ class MikrotikDataUpdateCoordinatorTracker(
         return self.device.mac
 
     @property
-    def ip_address(self) -> str:
+    def ip_address(self) -> str | None:
         """Return the mac address of the client."""
         return self.device.ip_address
 
diff --git a/homeassistant/components/mikrotik/hub.py b/homeassistant/components/mikrotik/hub.py
index 66fe7226d9b..914911ee5cc 100644
--- a/homeassistant/components/mikrotik/hub.py
+++ b/homeassistant/components/mikrotik/hub.py
@@ -60,9 +60,9 @@ class Device:
         return self._params.get("host-name", self.mac)
 
     @property
-    def ip_address(self) -> str:
+    def ip_address(self) -> str | None:
         """Return device primary ip address."""
-        return self._params["address"]
+        return self._params.get("address")
 
     @property
     def mac(self) -> str: