Property Details
12524 Addison Street SW
Lakewood, WA 98499
$875,000
Active
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About This Home
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/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 Information
Property Type
Land
Subtype
Land
Status
Active
County
Pierce
Neighborhood
Lakewood
Listed
Dec 23, 2025
Structure Type
Multi Family
Parcel Number
0219123092
Tax & HOA
Annual Property Tax
$5,356 (2025)
Est. Monthly Tax
$446/mo
Interior Features
Bathrooms
0.0
Exterior & Lot
Lot Size
0.45 sqft
Parking
Garage
Sewer
On Property
Water Source
On Property
Utilities
Electricity Available
Lot Features
Dead End Street
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
Mortgage Calculator
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.
