12524 Addison Street SW Lakewood, WA 98499
Conceptual plans
12518 Front
12518 Bedroom
12518 Bedroom
12518 Bath
12518
12518 Looking at front door
12518 Kitchen
12518 Kitchen
Shared Detached Garage
12524 Front
12524
12524 Kitchen
12524 Kitchen
12524 Laundry
12524 Living room
12524 Living room
12524 Addison Street SW
Lakewood, WA 98499
$799,000
Land
0 Beds
0.00 Baths
0 SqFt
Active
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 Features
Community: Lakewood
Multi-Family
Pool: Above Ground
2025 Taxes: $5356.00
Buyer Broker Comp.: 2.5%
Listing #: 2508142
Lot Details
Lot Size: 0.45 acres
Lot Dimensions: 19,600
Dead End Street
Topography: Level
Road: Paved
Utilities
Electricity: Available
Water: On Property
Gas: Not Available
Sewer: On Property
Schools
District: Lakewood
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere
What's Near 12524 Addison Street SW Lakewood, WA 98499?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of eXp Realty
