Property Details
12524 Addison Street SW
Lakewood, WA 98499
$875,000
Active
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About This Home
25-Unit MF-3 Infill Site – Ready for Submittal – 0.45-acre high-density site (54 units/acre) with extensive engineering completed. 25-unit concept supported. Strong soils per geotech (20 in/hr infiltration). 2021 appraisal at $935K. ~$3,700/month interim income. Potential 12-year MFTE (buyer to verify). Near I-5 and JBLM. Full DD available. Call-email-text helpful Listing agents with questions. Colist agent is owner. DO NOT DISTURB tenants. Thank you!
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Pierce
Neighborhood
Lakewood
Listed
Dec 23, 2025
Structure Type
House
Parcel Number
0219123092
Tax & HOA
Annual Property Tax
$5,356 (2025)
Est. Monthly Tax
$446/mo
Interior Features
Bedrooms
3
Bathrooms
2.0
Living Area
832 sq ft
Entry Level
Main
Exterior & Lot
Lot Size
0.45 sqft
Year Built
1945
Exterior Materials
Metal/Vinyl
Parking
Driveway, Detached Garage
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Value In Land
Exterior Features
Metal/Vinyl
Community & Access
Directions
From I-5 Exit 123, west on Thorne Ln SW, left on Union Ave SW, right on Lakeview Ave SW, left on Addison St SW. Property is on the left.
Location
City
Lakewood
County
Pierce
Coordinates
47.14325, -122.50220
Schools
School District
Lakewood
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Additional Information
Tax Year
2025
Annual Taxes
$5,356
Possession
Array
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Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
