$799,000
Est. $4,108/mo3 bd•2 ba•832 sq ft
12524 Addison Street Sw, Lakewood, WA 98499
• Listed 2025-12-23•29 days on market
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Based on information submitted to the MLS GRID as of July 31, 2026 at 05:12pm (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.
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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.
Listed by Claire Fralish • eXp Realty
Listing updated: July 31, 2026 at 05:12pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2506001
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (1)
See more →
Open Sun, Aug 30 +1$784,000
-$15,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $400K and $480K.
Rental earnings
$2,350/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$405,000Last sold price
38 Beverly Drive Sw, Lakewood, WA 98499
$480,000Last sold price
12803 Sw Nyanza Rd, Lakewood, WA 98499
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
12524 Addison Street Sw, Lakewood, WA 98499
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.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$4,754 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Lakewood School District
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.
