12524 Addison Street SWLakewood, WA98499
Listing Broker: eXp Realty; [email protected]; Claire Fralish; (253) 230-2567
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. Seller is a licensed real estate agent.
| 4 weeks ago | Listing updated with changes from the MLS | |
| 7 months ago | Price changed to $799,000 | |
| 7 months ago | Status changed to Active | |
| 11 months ago | Listing first seen on site |
Listing Broker: eXp Realty; [email protected]; Claire Fralish; (253) 230-2567
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All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-11-14 01:24 AM PST