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 Fralish
$799,000
12524 Addison Street SW, Lakewood, WA 98499
4beds
1,446sqft
Single Family Residence
Built in 1945
0.45 Acres Lot
$780,500 Zestimate®
$553/sqft
$-- HOA
What's special
- 140 days
- 38
- 1
Zillow last checked:
Listing updated:
Listed by:
Claire Fralish,
eXp Realty,
Perdana Daud,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2506001
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: $503,700
- Annual tax amount: $5,356
- Date on market: 12/22/2025
- Cumulative days on market: 249 days
- Listing terms: Assumable,Conventional,VA Loan
Estimated market value
$780,500
$741,000 - $820,000
$2,516/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 |
|---|---|---|
| 2025 | $5,942 +10.9% | $503,700 +8.5% |
| 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
Payment breakdown
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Neighborhood: Tyee Park
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