™by The Broker Team$799,000
Active12524 Addison Street SW, Lakewood, WA 98499
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REPORTED FEATURES
Why you might love it
YOUR SEARCH
Why it matched
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TAKE A CLOSER LOOK
Reasons to see it in person
- Listed Dec 23, 2025
- Feel the single-level layout in person
- Explore the layout of the 19,600 sq ft lot
YOUR NEXT CHAPTER
Be ready when you find the one
- ✓Search
- 2Narrow
- 3Pre-approval
- 4Tour
- 5Offer
You’re taking a closer look. A licensed loan officer can help you prepare for the next step.
Mortgage Lending Group · Company NMLS 1157983 · Enrique Pelayo Jr. NMLS 131435
THE FACTS
Home details
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Interior area
- 832 sq ft
- Levels
- One
- Flooring
- Vinyl Plank, Carpet
Exterior & lot
- Home type
- House
- Year built
- 1945
- Lot size
- 19,600 sq ft
- Exterior
- Metal/Vinyl
Parking
- Parking spaces
- 2
- Parking features
- Driveway, Detached Garage
Systems
- Heating
- Baseboard
- Cooling
- None
- Water
- Public
- Sewer
- Sewer Connected
Taxes & HOA
- Annual property tax
- $5,356 (2025)
- Monthly HOA
- $0
FROM THE LISTING
About this home
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.
AROUND THE HOME
Nearby places
© OpenStreetMap contributors. Straight-line distances are estimates; routes and opening hours may differ.
MLS SCHOOL INFORMATION
Schools
Lakewood School District
School assignments can change. Confirm with the district before you decide. No ratings or rankings are provided.
CURRENT CITY LISTINGS
Market snapshot
Lakewood
City-wide active listings in our approved IDX feed · 10/13/2026, 3:00:14 AM Pacific.
KEEP EXPLORING
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Same home type, within 5 miles and ±20% of this listing price; nearest first. Straight-line distances.
See all similar homes →A FEW THINGS TO VERIFY
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Built in 1945 · About 81 years old.