Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2506001
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Request Info
Conceptual plans
12518 Front
12518 Bedroom
12518 Bedroom
12518 Bath
12518
12518 Looking at front door
12518 Kitchen
12518 Kitchen
Shared Detached Garage
12524 Front
12524
12524 Kitchen
12524 Kitchen
12524 Laundry
12524 Living room
12524 Living room
12524 Addison Street SWLakewood, WA 98499
Single Family · 3 Beds · 2 Full Baths · 832 Sq. ft. | 0.45 Acres$799,000
Active
12524 Addison Street SW Overview
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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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12524 Addison Street SW Facts & Features
- Type Single Family
- Sq. ft. 832
- Price/Sq.ft. $960
- Lot 0.45 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Lakewood
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
Building Information
- New Construction: No
- Year Built: 1945
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 37 - Lakewood
- Subdivision Name: Lakewood
Rent/Lease Information
- Land Lease: No
Tax Information
- Tax Annual Amount: $5,356.00
- Tax Year: 2025
General Information
- Listing Terms: Assumable, Cash, Conventional, VA Loan
- Parcel Number: 0219123092
- Property Condition: Good
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: None
Interior
Building Information
- Building Information: Built On Lot
Parking Information
- Garage: Yes
Beds/Baths
- ADU Baths: 1
- ADU Beds: 1
- Bathrooms Full: 2
- Bathrooms Half: 0
- Bathrooms Three Quarter: 0
- Bathrooms Total: 2
- Bedrooms Total: 3
- Bedrooms Lower: 0
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 832
- Building Area Units: Square Feet
- Calculated Square Footage: 1446
- Square Footage Finished: 832
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Entry Location: Main
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank, Carpet
- Heating: Yes
- Levels: One
- Living Area: 832
- Main Level Bathrooms: 2
- Main Level Bedrooms: 3
- Power Production Type: Electric
- Security Features: Fully Fenced
Exterior
Parking Information
- Open Parking: No
- Parking Features: Driveway, Detached Garage
- Parking Total: 2
Lot Information
- Irrigation Water Rights: No
- Lot Features: Dead End Street, Value In Land
- Lot Size Acres: 0.45
- Lot Size Dimensions: 19,600
- Lot Size Square Feet: 19600
- Lot Size Units: Square Feet
- Site Features: Deck, Fenced-Fully
- Topography: Level
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Attached Garage: No
- Roof: Composition
- Structure Type: House
General Information
- Carport: No
- Covered Spaces: 2
- Exterior Features: Metal/Vinyl
- Sewer: Sewer Connected
Room Information
Room: Bathroom Full
- Level: Main
Room: Bathroom Full
- Level: Main
Room: Bedroom
- Level: Main
Room: Bedroom
- Level: Main
Room: Entry Hall
- Level: Main
Room: Family Room
- Level: Main
Room: Kitchen Without Eating Space
- Level: Main
Room: Primary Bedroom
- Level: Main
12524 Addison Street SW Neighborhood
Community
98499 (Lakewood) Demographics
33
Median Age
3,254
Population Density (per sq. mile)
30%
College Educated
$50,037
Estimated Median Income
4,435
Estimated Total Home Owners
8,688
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.12524 Addison Street SW Monthly Cost
12524 Addison Street SW Market Data
Based on the last 30 days in this zip code
$633,602
Average List Price
$301
Average Price per Square Foot
17
Properties Sold
72
Average Days on Market
104
Properties for Sale
12524 Addison Street SW History
| Date | Value | Agent |
|---|---|---|
| 4/15/2026Source: NWMLS | $799,000 -8.7% |
|
| 4/15/2026Source: NWMLS | $799,000 -8.7% |
|
| 4/15/2026Source: NWMLS | April 15, 2026 |
|
| 4/10/2026Source: NWMLS | April 10, 2026 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |