$799,000

0 Beds 0 Baths 0 SQFT 0.45 Acres

Type: Land

12524 Addison Street SW
Lakewood, WA 98499

MLS#: 2508142

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 Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

Heating Y/NNo

Total Fireplaces0

General

Building Area Units0 sqft

Carport Y/NNo

CityLakewood

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

Garage Y/NYes

Gas StatusNot Available

HOANo

HOA Fee$0

High SchoolBuyer To Verify

High School DistrictLakewood

Listing TermsCash, Conventional, FHA, VA Loan

Living Area0 sqft

Lot Size Square Feet19,600 sqft

Lot Size UnitsSquare Feet

MLS Area37 - Lakewood

Middle/Junior High SchoolBuyer To Verify

NWM_ShowMapLinkY

PossessionClosing, Subject To Tenant Rights

Possible UseMulti-Family

Property Style42 - Multi-Family

Property SubtypeLand

Property TypeLand

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

Senior Community Y/NNo

SewerOn Property

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeNone

Subdivision NameLakewood

Tax Annual Amount$5,356

Tax Year2025

TopographyLevel

UtilitiesElectricity Available

Zoning DescriptionMulti-Family

Exterior

Building Area Total0 sqft

Irrigation Water Rights Y/NNo

Lot Dimensions19, 600

Lot FeaturesDead End Street

Lot Size Acres0.45

Parking FeaturesGarage

Road Surface TypePaved

Water SourceOn Property

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

0 Beds 0 Baths 0 SQFT 0.45 Acres

Type: Land

12524 Addison Street SW
Lakewood, WA 98499

MLS#: 2508142

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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