12524 Addison Street SW

Lakewood, WA 98499

  • Bed

  • Bath

  • 0 SqFt

  • 113 DOM

  • Built:

  • Status: Active

$799,000

X

12524 Addison Street SW

Lakewood 98499

$799000

  • Bed

  • Bath

  • 0 SqFt

  • 113 DOM

  • Built:

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 0

  • 42 - Multi-Family

Features and Utilities

  • On Property

  • On Property

Financial

  • 5356

  • Cash, Conventional, FHA, VA Loan

  • 12-23-2025

Comparable Information

  • 113

  • 113

  • Cash, Conventional, FHA, VA Loan

  • $875,000

  • $875,000

  • Apr 15, 2026 22:17

Schools

Elementary : Buyer To Verify N/A Ratings
Middle : Buyer To Verify N/A Ratings
High : Buyer To Verify N/A Ratings

Map

Listing courtesy of eXp Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Apr 16, 2026 08:28 | Listing last modified Apr 15, 2026 22:17. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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