This listing courtesy of Claire Michelle Fralish , eXp Realty

$875,000

12524 Addison Street SW, Lakewood, WA 98499

Multi-Family Home
Built in 1945
0.45acre lot
2 car garage
$——/sqft
Listed 3 months ago

Property Description

25-Unit MF-3 Infill Site – Ready for Submittal - 0.45-acre high-density site (54 units/acre) with extensive engineering completed. 25-unit concept supported. Strong soils per geotech (20 in/hr infiltration). 2021 appraisal at $935K. ~$3,700/month interim income. Potential 12-year MFTE (buyer to verify). Near I-5 and JBLM. Full DD available. Call-email-text helpful Listing agents with questions. Colist agent is owner. DO NOT DISTURB tenants. Thank you!

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 7:21PM
Listing Office:: eXp Realty : 888-317-5197
Listing Agent:: Claire Michelle Fralish : 888-317-5197
MLS ID:: 2463229

Flooring: Vinyl PlankCarpet
A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Metal/Vinyl
Parking: Parking spaces: 4

Roofing: Composition
General: 52 - Duplex

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Lakewood
County: Pierce

Zoning: 0219123092

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Claire Michelle Fralish , eXp Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Tyee Park Elementary School

11920 Seminole Rd SW, Lakewood, WA, 98499

Grades KG-5

0.50 miles away

Special Education Services/Relife

14721 Murray Rd SW, Lakewood, WA, 98439

Grades PK-12

1.38 miles away

Clover Park High School

11023 Gravelly Lake Dr SW, Lakewood, WA, 98499

Grades 9-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.