12524 Addison Street SW, Lakewood, WA 98499 (MLS # 2506001)
Twitter
Facebook
Email|
Listing provided courtesy of Northwest MLS; eXp Realty
|
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.
| LAST UPDATED | 4/15/2026 | TRACT | Lakewood |
|---|---|---|---|
| YEAR BUILT | 1945 | COMMUNITY | Lakewood |
| COUNTY | Pierce | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Buyer To Verify |
|---|---|
| Jr. High School | Buyer To Verify |
| High School | Buyer To Verify |
| PRICE HISTORY | |
| Prior to Apr 15, '26 | $875,000 |
|---|---|
| Apr 15, '26 - Today | $799,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 37 - Lakewood |
| CONSTRUCTION | Metal Siding, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Electric |
| LOT | 0.45 acre(s) |
| LOT DESCRIPTION | Dead End Street, Value In Land |
| LOT DIMENSIONS | 19,600 |
| MLS STATUS | Active |
| PARKING | Driveway, Detached |
| STORIES | 1 |
| STYLE | 10 - 1 Story |
| SUBDIVISION | Lakewood |
| TAXES | 5356 |
| UTILITIES | Sewer Connected |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/27/26 3:13 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
DMCA Notice
This IDX solution is (c) Diverse Solutions 2026.