12524 Addison Street SW in Lakewood
| Listing ID: | 2506001 (Residential Home) |
|---|---|
| Listing Price: | $799,000 |
| Days on Market: | 313 |
Details | |
| Bed / Bath: | 3.00 / 2.00 |
| Square Feet: | 832 |
| Lot Size: | 0.45 acres (19,600 sqft) |
Lakewood multifamily redevelopment opportunity just minutes from JBLM! This MF-3 zoned property offers a proposed 25-unit apartment concept with substantial preliminary development work already completed. Available documentation includes civil engineering plans, topographic survey, geotechnical analysis, landscape design, and mechanical, electrical, and energy coordination—providing a valuable foundation for further development review. Two existing tenant-occupied structures offer potential interim rental income. Potential eligibility for Lakewood's 12-year MFTE program, subject to City requirements and approval. Offered at $799,000, approximately $31,960 per proposed unit. An opportunity for builders and investors seeking multifamily development potential in an established rental market. Buyer to verify feasibility, density, and approvals. Do NOT disturb tenants. Seller is a licensed real estate agent.
This listing is provided courtesy of NWMLS.
Listing Broker: eXp Realty; Claire Fralish, 253-230-2567, claire.fralish.re@gmail.com.
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Home
| Style: | 10 - 1 Story |
|---|---|
| Bedrooms: | 3.00 |
| Bathrooms: | 2.00 |
| Year Built: | 1988 |
| Square Footage: | 832 |
| Lot Square Footage: | 0.45 acres |
Schools
| School District: | Lakewood |
|---|---|
| Elementary School: | Buyer To Verify |
| Junior High: | Buyer To Verify |
| Senior High: | Buyer To Verify |
Financials
| Tax Year: | 2025 |
|---|---|
| Parcel Number: | 0219123092 |
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