Bentley Properties

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12524 Addison Street SW Lakewood WA 98499

$ 799,000

3 | 2 | 832 Sq Feet Send Me Updates On This Property

Listed By: eXp Realty

Listing ID

#2506001

Property Type

Single Family Residence

County

Pierce

Neighborhood

Lakewood

Year Built

1945

Days on website

130

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

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Financial Information

List Price: $ 799000

Taxes: $ 5356

Property Features

Exterior Features: Metal/Vinyl

Flooring: Carpet, Vinyl Plank

Levels: One

Lot Features: Dead End Street, Value In Land

Parking Features: Detached Garage, Driveway

Property Condition: Good

Roof: Composition

School: Buyer To Verify, Buyer To Verify, Buyer To Verify

Security Features: Fully Fenced

Sewer: Sewer Connected

Structure Type: House

Water Source: Public

School: Buyer To Verify

MLSAreaMajor: 37 - Lakewood

City: Lakewood

Subdivision Name: Lakewood

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Direct link: https://www.searchproperties.eastsiderealestate.org/listings/direct/d1574e4b98fae09559251c492494d2e3

Listed By: eXp Realty 888-317-5197

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Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID.

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Based on information submitted to the MLS GRID as of Friday, May 1, 2026 4:07 AM.

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