12524 Addison Street SW

Lakewood, WA 98499

  • Bed

  • Bath

  • 1446 SqFt

  • 1 DOM

  • Built: 1945

  • Status: Active

$950,000

X

12524 Addison Street SW

Lakewood 98499

$950000

  • Bed

  • Bath

  • 1446 SqFt

  • 1 DOM

  • Built: 1945

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Tenant-occupied multifamily property with interim income and redevelopment potential in Lakewood near JBLM. Opportunity suited for investors or developers seeking income during a hold period with future upside. The property is currently producing income and has undergone preliminary redevelopment evaluation. Conceptual plans, City summary, and due diligence materials are available for review. This property is not marketed as shovel-ready. Buyers are encouraged to perform independent feasibility and underwriting. Seller materials are provided for informational purposes only. Tenant occupied. Do not disturb tenants. Access coordinated after mutual acceptance.

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Residence Information

  • 1446

  • Composition

  • 52 - Duplex

  • 1945

Features and Utilities

  • Metal/Vinyl

  • Public

  • Sewer Connected

  • 0

Financial

  • 5356

  • Assumable, Cash Out, Conventional, VA Loan

  • 12-23-2025

Comparable Information

  • 1

  • 1

  • Assumable, Cash Out, Conventional, VA Loan

  • $950,000

  • $950,000

  • Dec 24, 2025 04:02

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 © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Dec 24, 2025 00:15 | Listing last modified Dec 24, 2025 04:02. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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