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12524 Addison Street SW

Lakewood, WA 98499
  • $799,000
  • STATUS: Active
  • MLS #: 2508142
UPDATED: 44 min ago
$799,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of eXp Realty.
Mortgage Calculator is provided by BoomTown.

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.

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MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-10-11T09:17:07.157. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-10-11T09:17:07.157. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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12524 Addison Street SW Lakewood, WA 98499

  • Price: $799,000
  • Status: Active
  • On Site: Days
  • Updated: 44 min ago
  • MLS #: 2508142
0
Beds
0
Baths
0
½ Baths
0.45
Acres
Neighborhood:
Lakewood
County:
Pierce
Area:
Lakewood
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Lakewood
Property 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.
Exterior Features

Carport YN No Garage YN Yes Lot Features Dead End Street Lot Size Dimensions 19600 Parking Features Garage Road Surface Type Paved Structure Type None Style Code 42 - Multi-Family Topography Level View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 0 Cooling YN No Fireplace YN No Fireplaces Total 0 Heating YN No Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Electric On Property YN No Electricity Status Available First Right Of Refusal No Gas Status Not Available Improvements DwellingFenced-FullyGarage Irrigation Water Rights YN No Listing Terms CashConventionalFHAVA Loan Possession ClosingSubject To Tenant Rights Possible Use Multi-Family Property Sub Type Land Road Information Paved Senior Community YN No Senior Exemption No Sewer On Property Special Listing Conditions None Tax Annual Amount 5356 Tax Year 2025 Utilities Electricity Available Water Source On Property Zoning Description Multi-Family Zoning Jurisdiction City

MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-10-11T09:17:07.157. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-10-11T09:17:07.157. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_2508142-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_2508142-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_2508142-1.jpg
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Keller Williams Tri-Cities
6515 W Clearwater, Ste 224
Kennewick WA, 99336
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of eXp Realty.
Mortgage Calculator is provided by BoomTown.