$799,000
Est. $4,032/mo3 bd•2 ba•832 sq ft
12524 Addison Street Sw, Lakewood, WA 98499
• Listed 2025-12-23•53 days on market
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of April 16, 2026 at 08:42am (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.
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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 Michelle Fralish • eXp Realty
Listing updated: April 16, 2026 at 08:42am
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 Fri, Jun 12 +1$353,000
-$446,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $285K and $480K.
Rental earnings
$1,050/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.
$4,678 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%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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Lakewood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 12 days.
$630,000 Sold
2 weeks ago
3 bd•1 ba•~1,860 sq ft•Single Family
12527 Glenwood Avenue Sw, Lakewood, WA 98499
1%
Over list
—
Days on market
0.8 mi
Distance
$955,000 Sold
8 weeks ago
•Single Family
11213 Kline Street Sw, Lakewood, WA 98499
4%
Under list
—
Days on market
0.9 mi
Distance
$650,000 Sold
5 months ago
4 bd•2.5 ba•~2,594 sq ft•Single Family
11721 Creekside Drive Sw, Lakewood, WA 98499
5%
Under list
—
Days on market
0.8 mi
Distance
$657,000 Sold
6 months ago
4 bd•1.5 ba•~1,678 sq ft•Single Family
5501 116th Street Sw, Lakewood, WA 98499
1%
Over list
—
Days on market
0.8 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 Jun 2026
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.
