12524 Addison Street SW, Lakewood, WA 98499

Land
Built in ——
0.45acre lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 8:21PM
Listing Office:: eXp Realty : 888-317-5197
Listing Agent:: Claire Michelle Fralish : 888-317-5197
MLS ID:: 2508142

A/C: None
Heating: None
Fireplace: Fireplaces: 0

Improvements: DwellingFenced-FullyGarage
Parking: Garage

General: 42 - Multi-Family

Road/Access: Paved
HOA Amenities: 0.0
Originating MLS: nwmls
School District: Lakewood
County: Pierce

Topography: Level
Zoning: 0219123092

Utilities: Electricity Available
Water: On Property
Sewer: On Property

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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