Active · Land

12524 Addison Street SW, Lakewood, WA 98499

Lakewood, WA 98499

$799,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by eXp Realty · MLS #2508142 · Active

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About this property

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 details

Property type: Land
Lot size: 19,600 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $5,356 (2025)
School district: Lakewood

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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