LKV Realty
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Claire FralisheXp Realty
$799,000
12524 Addison Street SW, Lakewood, WA 98499Listing ID 2506001

12524 Addison Street SW, Lakewood, WA 98499

Active
Lakewood
Last updated: Aug 1, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
2
Square Feet
Square Feet
832
Acres
Acres
0.45
Cooling
Cooling
None
Heating
Heating
Baseboard
Year Built
Year Built
1945
Parking
Parking
Driveway, Detached Garage

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.

Property Information

Property Details

Location

Address
12524 Addison Street SW
County
Pierce
City
Lakewood
Zip Code
98499
Subdivision
Lakewood
School District
Lakewood
High School
Buyer To Verify
Elementary School
Buyer To Verify
MLS Area
37 - Lakewood

Interior Features

Beds and Baths

Bedrooms
3
Main Level Bedrooms
3
Full Bathrooms
2

Building

Building Information

Square Feet
832
Year Built
1945
Construction
Metal/Vinyl
Roof
Composition
Condition
Good

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$5,356
Tax Year
2025
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 18 Aug 2026, 08:52 AM UTC. 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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM134752 • NWM144010

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.