12524 Addison Street SW, Lakewood, WA 98499
- $799,000
Courtesy of eXp Realty
- List Price
- $799,000
- Status
- ACTIVE
- Days on Market
- 218
- Price Change
- ▼ $76,000 1776308328
- MLS#
- 2508142
- Subtype
- Land
- Style
- 42 - Multi-Family
- Lot Size
- 19,600
- Acres
- 0.45
- Subdivision
- Lakewood
- Neighborhood
- Lakewood
- MLS Area Major
- Lakewood
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.
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Additional Information
- Property Description
- 42 - Multi-Family
- Parking Features
- Garage
- School District
- Lakewood
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
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