$799,000
Est. $4,426/moPrice reduced $76,000 from the original $875,000 asking price
3 bd•2 ba•832 sq ft
12524 Addison Street SW, Lakewood, WA 98499
• Listed Dec 23, 2025•237 days active · 237 cumulative
Listing Broker: eXp Realty; Claire Fralish; 253-230-2567; claire.fralish.re@gmail.com
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Listing Broker: eXp Realty; Claire Fralish; 253-230-2567; claire.fralish.re@gmail.com
About this home
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.
Listed by Claire Fralish • eXp Realty
Listing updated: September 21, 2026 at 09:24am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2506001
Around this home
How much should you offer?
12524 Addison Street SW, Lakewood, WA 98499
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Bedrooms
- 3 bedrooms total
- 3 on the main level
Bathrooms
- 2 full bathrooms
- 2 on the main level
Layout
- 1 Story
- 832 sq ft finished
- 528 sq ft garage
Accessory dwelling unit
- 1 accessory dwelling unit (detached dwelling)
- 1 bd · 1 ba · 614 sq ft
Flooring
- Vinyl Plank
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Lot dimensions
- 19,600
- Topography
- Level
- Zoning jurisdiction
- City
Systems
- Energy source
- Electric
- Power production
- Electric
- Power company
- Tacoma Power
- Water company
- Lakewood Water District
- Sewer company
- City of Lakewood Sewer Utility
- Irrigation water rights
- No
New construction
- Square footage source
- Realist
- Lot size source
- Realist
- Effective year built source
- Public Records
Manufactured home
- Land lease
- No
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerLakewood School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Sales & Tax Records for 12524 Addison Street SW
NWMLS via MLS GridEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 21, 2026Price reducedNWMLS via MLS Grid · #2506001$799,000$960/sq ft
- Sep 21, 2026Price reducedNWMLS via MLS Grid · #2508142$799,000$960/sq ft
- Dec 23, 2025ListedNWMLS via MLS Grid · #2506001$875,000$1,052/sq ft
- Dec 23, 2025ListedNWMLS via MLS Grid · #2508142$875,000$1,052/sq ft
- Apr 23, 2015SoldNWMLS via MLS Grid · #757115$100,000$120/sq ft
- Apr 23, 2015SoldNWMLS via MLS Grid · #757117$100,000$120/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Northwest MLS lists this home as eligible for down payment assistance programs
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$5,072 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: eXp Realty; Claire Fralish; 253-230-2567; claire.fralish.re@gmail.com
Market pulse
Lakewood is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 68 days.
Recent sales nearby
Within 1 mile · last 6 months$540,000 Sold
1 week ago
3 bd•1.5 ba•~1,444 sq ft•Single Family
6317 Nyanza Park Drive SW, Lakewood, WA 98499
0%
Over list
34
Days on market
1.0 mi
Distance
$684,500 Sold
7 weeks ago
3 bd•2.75 ba•~2,420 sq ft•Single Family
6106 Hillcrest Drive SW, Lakewood, WA 98499
1%
Over list
41
Days on market
0.8 mi
Distance
$1,050,000 Sold
8 weeks ago
•Single Family
11212 Bridgeport Way SW #10, Tacoma, WA 98499
24%
Under list
79
Days on market
0.8 mi
Distance
$392,500 Sold
2 months ago
3 bd•1 ba•~1,408 sq ft•Single Family
12624 Glenwood Avenue SW, Lakewood, WA 98499
3%
Under list
564
Days on market
0.9 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 21, 2026 at 09:24am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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