$799,000

3 Beds 2 Baths 832 SQFT 0.45 Acres

Type: Single Family

12524 Addison Street SW
Lakewood, WA 98499

MLS#: 2506001

Presented by: eXp Realty and NWMLS

Property Description

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.

Interior Features

Bedrooms

Bedrooms Lower0

Bedrooms Upper0

Main Level Bedrooms3

Total Bedrooms3

Bathrooms

3/4 Baths0

Bathrooms2

Baths Full Garage0

Baths Full Lower0

Baths Full Main2

Baths Full Upper0

Baths Half Garage0

Baths Half Lower0

Baths Half Main0

Baths Half Upper0

Baths Three Quarter Garage0

Baths Three Quarter Lower0

Baths Three Quarter Main0

Baths Three Quarter Upper0

Half Baths0

Total Baths2

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl Plank, Carpet

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

General

Attached Garage No

Building Area Units0 sqft

Carport Y/NNo

CityLakewood

CoolingNone

CountyPierce

DirectionsFrom I-5 Exit 123, west on Thorne Ln SW, left on Union Ave SW, right on Lakeview Ave SW, left on Addison St SW. Property is on the left.

Elementary SchoolBuyer To Verify

Entry LocationMain

Full Baths2

Garage Y/NYes

HOANo

HOA Fee$0

HeatingBaseboard

High SchoolBuyer To Verify

High School DistrictLakewood

Land Lease Y/NNo

LevelsOne

Listing TermsAssumable, Cash, Conventional, VA Loan

Living Area832 sqft

Lot Size Square Feet19,600 sqft

Lot Size UnitsSquare Feet

MLS Area37 - Lakewood

Middle/Junior High SchoolBuyer To Verify

NWM_ShowMapLinkY

New ConstructionNo

PossessionClosing, Subject To Tenant Rights

Property ConditionGood

Property Style10 - 1 Story

Property SubtypeSingle Family Residence

Property TypeResidential

Public RemarksPriced Improved on Prime multifamily-zoned land in Lakewoods high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development workcivil site planning, survey

RoofComposition

Security FeaturesFully Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeHouse

Subdivision NameLakewood

Tax Annual Amount$5,356

Tax Year2025

TopographyLevel

Water CompanyLakewood Water District

Year Built1945

Exterior

Building Area Total832 sqft

Covered Spaces2

Exterior AmenitiesMetal/Vinyl

Irrigation Water Rights Y/NNo

Lot Dimensions19, 600

Lot FeaturesDead End Street, Value In Land

Lot Size Acres0.45

Parking FeaturesDriveway, Detached Garage

Site FeaturesDeck, Fenced-Fully

Total Parking2

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School Buyer To Verify High School

Elementary School Buyer To Verify Elementary School

Middle School Buyer To Verify Middle School

Similar Properties

$799,000

3 Beds 2 Baths 832 SQFT 0.45 Acres

Type: Single Family

12524 Addison Street SW
Lakewood, WA 98499

MLS#: 2506001

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Property

$799,000

12524 Addison Street SW
Lakewood, WA 98499

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$799,000

12524 Addison Street SW
Lakewood, WA 98499

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About

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Property

$799,000

12524 Addison Street SWLakewood, WA 98499

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$799,000

12524 Addison Street SWLakewood, WA 98499

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12524 Addison Street SW
Lakewood, WA 98499

12524 Addison Street SW
Lakewood, WA 98499