12524 Addison Street SW Lakewood WA 98499 Lakewood

12524 Addison Street SW Lakewood WA 98499
Price	$ 799,000
Listing ID	2506001
Property Type	Single Family Residence
County	Pierce
Neighborhood	Lakewood
Beds	3
Baths	2
House Size	832
Year Built	1945
Days on website	130

Listed By: eXp Realty

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

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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