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12524 Addison Street Sw, Lakewood, WA 98499

Lakewood
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: claire fralish, perdana daud
Office: exp realty
MLS#:2506001
Source:NWMLS
12524 Addison Street Sw,Lakewood, WA 98499
$799,000
  • 3 Beds
  • - Baths
  • 1,446 sq. ft.
  • Single family
  • Active

Price summary

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

About this home

Lakewood multifamily redevelopment opportunity just minutes from JBLM! This MF-3 zoned property offers a proposed 25-unit apartment concept with substantial preliminary development work already completed. Available documentation includes civil engineering plans, topographic survey, geotechnical analysis, landscape design, and mechanical, electrical, and energy coordination—providing a valuable foundation for further development review. Two existing tenant-occupied structures offer potential interim rental income. Potential eligibility for Lakewood's 12-year MFTE program, subject to City requirements and approval. Offered at $799,000, approximately $31,960 per proposed unit. An opportunity for builders and investors seeking multifamily development potential in an established rental market. Buyer to verify feasibility, density, and approvals. Do NOT disturb tenants. Seller is a licensed real estate agent.

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Home facts

  • Year built:1945
  • Subdivision & Development:Lakewood
  • Listing ID #:2506001
  • Updated:October 28, 2026 at 12:34 AM

Rooms and interior

  • Bedrooms:3
  • 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

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
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 28, 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. NWMLS Member Broker: Vicki Monteagudo

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