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.
Active
Listed by: eXp Realty • Claire Michelle Fralish
Price cut: $76K (4/15)
$799,000
12524 Addison Street SW, Lakewood, WA 98499
4beds
1,446sqft
Single Family Residence
Built in 1945
0.45 Acres Lot
$780,700 Zestimate®
$553/sqft
$-- HOA
What's special
- 86 days |
- 47 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Claire Michelle Fralish,
eXp Realty,
Perdana J Daud,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2506001
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen without eating space
- Level: Main
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 832
- Total interior livable area: 1,446 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached Garage
- Has garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
Lot
- Size: 0.45 Acres
- Dimensions: 19,600
- Features: Dead End Street, Value In Land, Deck, Fenced-Fully
- Topography: Level
Details
- Additional structures: ADU Beds: 1, ADU Baths: 1
- Parcel number: 0219123092
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl
- Roof: Composition
Condition
- Good
- Year built: 1945
- Major remodel year: 1988
Utilities & green energy
- Electric: Company: Tacoma Power
- Sewer: Sewer Connected, Company: City of Lakewood Sewer Utility
- Water: Public, Company: Lakewood Water District
Community & HOA
Community
- Subdivision: Lakewood
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $553/sqft
- Tax assessed value: $464,100
- Annual tax amount: $5,356
- Date on market: 12/23/2025
- Cumulative days on market: 195 days
- Listing terms: Assumable,Conventional,VA Loan
Estimated market value
$780,700
$742,000 - $820,000
$2,673/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Price change | $799,000-8.7%$553/sqft |
Source: eXp Realty #2506001 Report a problem | ||
| 2/13/2026 | Price change | $875,000-7.9%$605/sqft |
Source: eXp Realty #2463229 Report a problem | ||
| 12/29/2025 | Listed for sale | $950,000+850%$657/sqft |
Source: eXp Realty #2463229 Report a problem | ||
| 4/16/2025 | Listing removed | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/28/2025 | Listed for rent | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/23/2015 | Sold | $100,000+2686.3%$69/sqft |
Source:  NWMLS as distributed by MLS GRID #757115 Report a problem | ||
| 4/17/2014 | Sold | $3,589-97.1%$2/sqft |
Source: Public Record Report a problem | ||
| 8/19/2010 | Listing removed | $125,000$86/sqft |
Source: Coldwell Banker Bain Associates #29133057 Report a problem | ||
| 5/8/2010 | Listed for sale | $125,000$86/sqft |
Source: Coldwell Banker Bain Associates #29133057 Report a problem | ||
| 4/12/2010 | Pending sale | $125,000$86/sqft |
Source: Coldwell Banker Bain Associates #29133057 Report a problem | ||
| 3/17/2010 | Price change | $125,000-21.9%$86/sqft |
Source: Coldwell Banker Bain Associates #29133057 Report a problem | ||
| 9/25/2009 | Listed for sale | $160,000-15.8%$111/sqft |
Source: Coldwell Banker Bain Associates #29133057 Report a problem | ||
| 12/23/2004 | Sold | $190,000+64.2%$131/sqft |
Source: Public Record Report a problem | ||
| 7/7/1999 | Sold | $115,723$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,356 +9.9% | $464,100 +5.8% |
| 2023 | $4,873 +3.5% | $438,500 -0.8% |
| 2022 | $4,706 +4.2% | $441,900 +17.9% |
| 2021 | $4,514 +45.8% | $374,700 +39.3% |
| 2019 | $3,097 +1.1% | $269,000 +8.8% |
| 2018 | $3,062 +40.9% | $247,300 +23.2% |
| 2017 | $2,172 | $200,800 +27.6% |
| 2016 | $2,172 | $157,400 +21.1% |
| 2014 | $2,172 -7.6% | $130,000 +8.2% |
| 2013 | $2,351 | $120,100 -28% |
| 2011 | -- | $166,700 -11.1% |
| 2010 | -- | $187,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Tyee Park
Nearby schools
GreatSchools rating
- 4/10Tyee Park Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Harrison Preparatory SchoolGrades: 6-12Distance: 2.2 mi
- 4/10Clover Park High SchoolGrades: 9-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- Pierce County
- Lakewood
- 98499
- Tyee Park
- 12524 Addison Street SW
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Lakewood Topics
