12524 Addison ST SW, Lakewood, WA 98499
12524 Addison ST SW, Lakewood, WA 98499
12524 Addison ST SW, Lakewood, WA 98499
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Listed by:eXp Realty • Claire Michelle Fralish
$799,000
Est. payment /mo
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3 Beds
2 Baths
832 SqFt
Active

12524 Addison ST SW Lakewood, WA 98499

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Michele Caskey

Michele Caskey

+1(575) 937-3663

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 832 sqft

Price per Sqft $960

Subdivision Lakewood

MLS Listing ID 2506001

Style 10 - 1 Story

Bedrooms 3

Full Baths 2

Year Built 1945

Annual Tax Amount $5,356

Lot Size 0.450 Acres

Lot Dimensions 19,600

Property Sub-Type Single Family Residence

Property Description

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.

Location

State WA

County Pierce

Area 37 - Lakewood

Rooms

Main Level Bedrooms 3

Interior

Flooring Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Deck, Fenced-Fully

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Dead End Street, Value In Land

Story One

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Lakewood

Others

Senior Community No

Acceptable Financing Assumable, Cash, Conventional, VA Loan

Listing Terms Assumable, Cash, Conventional, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOL & BUSINESS

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Michele Caskey

Michele Caskey

Agent | License ID: WA#122875 NM#REC20220256

+1(575) 937-3663

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12524 Addison ST SW