12524 Addison Street Sw Lakewood , WA 98499

Listing courtesy of eXp Realty 888-317-5197

Description

3 Beds
2 Baths
832 Sqft
19,602 Sqft lot
0.45 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1945
Neighborhood: Lakewood
Days on Website: 16
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.

Open House

Property Details and Features

Contact an Agent

Ted Williams

971 373-8294

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