Listing Office: eXp Realty Northwest Multiple Listing Service Logo

12524 Addison Street Sw, Lakewood, WA

$799,000

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0.45

Acres

About 12524 Addison Street Sw

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.

Features of 12524 Addison Street Sw

MLS® # 2508142
Price $799,000
Acres 0.45
Type Land
Sub-Type Land
Status Active

Community Information

Address 12524 Addison Street Sw
Area 37 - Lakewood
Subdivision Lakewood
City Lakewood
County Pierce
State WA
Zip Code 98499

Amenities

Parking Garage
Is Waterfront No

Interior

Fireplace No

Exterior

Lot Description Dead End Street

School Information

District Lakewood
Elementary Buyer To Verify
Middle Buyer To Verify
High Buyer To Verify

Additional Information

Date Listed December 23rd, 2025
Days on Market 247
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

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