12524 Addison Street Sw, Lakewood, WA 98499

Lakewood
Local realty services provided by:RSVP Brokers ERA
Listed by: claire fralish, perdana 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

  • Subdivision & Development:Lakewood
  • Listing ID #:2508142
  • Updated:August 26, 2026 at 11:43 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
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