$799,000
Est. $4,120/mo12524 Addison Street Sw, Lakewood, WA 98499
• Listed 2025-12-23•9 days on market
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Based on information submitted to the MLS GRID as of July 31, 2026 at 05:02pm (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 05:02pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2508142
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12524 Addison Street Sw, Lakewood, WA 98499
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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 17 days.
$392,500 Sold
1 week ago
3 bd•1 ba•~1,408 sq ft•Single Family
12624 Glenwood Avenue Sw, Lakewood, WA 98499
3%
Under list
—
Days on market
0.9 mi
Distance
$630,000 Sold
3 months ago
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12527 Glenwood Avenue Sw, Lakewood, WA 98499
1%
Over list
—
Days on market
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Distance
$955,000 Sold
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11213 Kline Street Sw, Lakewood, WA 98499
4%
Under list
—
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 Aug 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.
