12524 Addison ST SW, Lakewood, WA 98499
See all 17 photos
12524 Addison ST SW, Lakewood, WA 98499
12524 Addison ST SW, Lakewood, WA 98499
12524 Addison ST SW, Lakewood, WA 98499
12524 Addison ST SW, Lakewood, WA 98499
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by:eXp Realty • Claire Fralish • Perdana Daud
Listed by:eXp Realty • Claire Fralish • Perdana Daud
$ 799,000
Est. payment /mo
Save
Active

12524 Addison ST SW Lakewood, WA 98499

3 Beds

2 Baths

832 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 832 sqft

Price per Sqft $960

Subdivision Lakewood

MLS Listing ID 2506001

Style 10 - 1 Story

Bedrooms 3

Full Baths 2

Year Built 1945

Annual Tax Amount $5,356

Lot Size 0.450 Acres

Lot Dimensions 19,600

Property Sub-Type Single Family Residence

Property Description

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.

Location

State WA

County Pierce

Area 37 - Lakewood

Rooms

Main Level Bedrooms 3

Interior

Flooring Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Deck, Fenced-Fully

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Dead End Street, Value In Land

Story One

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Clover Park

Others

Senior Community No

Acceptable Financing Assumable, Cash, Conventional, VA Loan

Listing Terms Assumable, Cash, Conventional, VA Loan


Northwest MLS (NWMLS)

Nearby Locations

Our Story


From Humble Beginnings to a Nationwide Movement


At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

 

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

 

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

 
Our Mission: Making Real Estate Simple


We believe real estate should be transparent, efficient, and personal. At simpliHŌM, relationships are at the heart of every transaction. Our mission is to remove the unnecessary complexity and stress, creating a seamless experience for clients and empowering agents to thrive.

 
Innovative Technology Meets Human

Andrea Mylan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

12524 Addison ST SW

};