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12524 Addison Street Sw, Lakewood, WA 98499

Lakewood
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: claire michelle fralish, perdana j daud
Office: exp realty
MLS#:2508142
Source:NWMLS
12524 Addison Street Sw,Lakewood, WA 98499
$799,000
  • 0.45 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$799,000

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

  • Listing ID #:2508142
  • Updated:June 24, 2026 at 12:26 AM

Structure and exterior

  • Lot area:0.45 Acres
  • Lot Features:Dead-end Street

Schools

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

Utilities

  • Water:On Property
  • Sewer:On Property

Finances and disclosures

  • Price:$799,000
  • Tax amount:$5,356 (2025)

Parking

  • Parking description:Garage
  • Garage:Yes
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 24, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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