12524 Addison ST SW, Lakewood, WA 98499
12524 Addison ST SW, Lakewood, WA 98499
12524 Addison ST SW, Lakewood, WA 98499
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Toril White

Toril White

+1(253) 350-2638
Listed by:eXp Realty • Claire Fralish
$799,000
Est. payment /mo
0.45 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Lakewood

MLS Listing ID 2508142

Style 42 - Multi-Family

Annual Tax Amount $5,356

Lot Size 0.450 Acres

Lot Dimensions 19,600

Property Sub-Type Land

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.

Location

State WA

County Pierce

Area 37 - Lakewood

Interior

Fireplace false

Exterior

Utilities Available Electricity Available

View Y/N No

Garage Yes

Building

Lot Description Dead End Street

Sewer On Property

Water On Property

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Lakewood

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Northwest MLS (NWMLS)
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Toril White

Toril White

+1(253) 350-2638

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