12524 Addison Street SWLakewood, WA98499
Listing courtesy of Claire Michelle Fralish of eXp Realty
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 6 days ago | Listing updated with changes from the MLS® | |
| 7 days ago | Price changed to $799,000 | |
| 2 weeks ago | Status changed to Active | |
| 4 months ago | Listing first seen on site |
Listing courtesy of Claire Michelle Fralish of eXp Realty
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Last checked: 2026-04-22 08:37 AM PDT