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12524 Addison Street SW in Lakewood

Listing has been bookmarked.
Listing ID:2506001 (Residential Home)
Listing Price:$799,000
Days on Market:115

Details

Bed / Bath:3.00 / 2.00
Square Feet:832
Lot Size:0.45 acres (19,600 sqft)

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.


NWMLS

This listing is provided courtesy of NWMLS, contributed by eXp Realty.



Home Details

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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