12524 Addison Street Sw, Lakewood, WA 98499

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: claire michelle fralish, perdana j daud
Office: exp realty
MLS#:2506001
Source:NWMLS
12524 Addison Street Sw,Lakewood, WA 98499
$799,000
  • 3 Beds
  • 2 Baths
  • 1,446 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$799,000
  • Price per sq. ft.:$960.34

About this home

Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.

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Home facts

  • Year built:1945
  • Listing ID #:2506001
  • Updated:May 17, 2026 at 12:19 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Vinyl Plank
  • Bedroom Description:Main Level Bedrooms : 3
  • Living area:1,446 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1945
  • Building area:1,446 sq. ft.
  • Lot area:0.45 Acres
  • Lot Features:Dead-end Street, Value In Land
  • Construction Materials:Metal/Vinyl Exterior Finish
  • Exterior Features:Deck, Fenced-Fully
  • Levels:1 Story

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$799,000
  • Price per sq. ft.:$960.34
  • Tax amount:$5,356 (2025)

Parking

  • Total parking spaces:2
  • Parking description:Detached Garage, Driveway
  • Garage:Yes
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