12524 Addison St SW

Lakewood, WA 98499

$950,000
Price
3
Beds
2
Baths
1,446 Sq. Ft.
$657 / Sq. Ft.
1,446
Sq. Ft.
$657
per Sq. Ft.
a front view of a house with a yard
a view of an empty room with wooden floor and a window
a view of an empty room
a bathroom with a toilet and a sink
an empty room with windows
a view of an empty room
a kitchen with granite countertop a sink stove and cabinets
a kitchen with white cabinets and appliances
a view of a small space
a view of a walk in closet
a room with a washer and dryer
a room with a table and a mirror
a house that has a yard plants and large tree
a view of an empty room with wooden floor and a window
a view of a kitchen with wooden floor and a sink
a kitchen with granite countertop a sink and a stove top oven
a view of a storage and utility room with a sink
an empty room with wooden floor and windows
a view of empty room with wooden floor and fan
Listing provided courtesy of eXp Realty

Description

Tenant-occupied property in Lakewood near JBLM McChord Main Gate offering interim income and future flexibility. The site includes two separate income-producing buildings on a single oversized parcel, providing operational flexibility during a hold period. High-level property and income information is available for review. Seller has completed preliminary evaluation and select informational materials may be available. This property is not marketed as shovel-ready. Buyers are encouraged to perform...Tenant-occupied property in Lakewood near JBLM McChord Main Gate offering interim income and future flexibility. The site includes two separate income-producing buildings on a single oversized parcel, providing operational flexibility during a hold period. High-level property and income information is available for review. Seller has completed preliminary evaluation and select informational materials may be available. This property is not marketed as shovel-ready. Buyers are encouraged to perform independent feasibility and underwriting. Tenant occupied—do NOT disturb tenants. Access coordinated after mutual acceptance. Photos were taken during internal remodel work.
  1. Listed by Claire Michelle Fralish • eXp Realty
  2. Listed by Perdana J Daud • eXp Realty

Property Details for 12524 Addison Street Southwest

Community Name
Lakewood
School District
Lakewood
Number of Assigned Spaces
4
Total Covered Parking
2
Entry Date
12-23-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/29/2025 12:19 PM

Property Details for 12524 Addison Street Southwest

StatusActive
MLS #2463229
Days on Market13
Cumulative Days on Market13
Taxes$5,356 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.45 AC / 19,600 SF
CountyPierce County

Location

Listing Courtesy of eXp Realty
Add your commute

Building Information for 12524 Addison Street Southwest

Stories1Residences2Year Built1945Building Size-Lot Size0.45 AC / 19,600 SF

Payment Calculator

$5,076 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,630

Property Taxes

$446

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12524 Addison Street Southwest

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Deck, Fenced-Fully
  • Area: 37 - Lakewood
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: From I-5 Exit 123, west on Thorne Ln SW, left on Union Ave SW, right on Lakeview Ave SW, left on Addison St SW. Property is on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Metal/Vinyl
  • Roof: Composition
  • Security Features: Fully Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: Tacoma Power
  • Sewer Company: City of Lakewood Sewer Utility
  • Water Company: Lakewood Water District
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Multi-Family,Residential
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1988
  • Photos Count: 20
Lot Information
  • Lot Details: Dead End Street, Value In Land
  • Lot Size Dimensions: 19,600
  • Lot Size Source: Realist
  • Parcel Number Free Text: 0219123092
  • Building Condition: Good
  • Calculated Square Footage: 1446
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1446.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 5356
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $44,400
  • Insurance Expense: $0
  • Net Operating Income: $0
  • Other Expenses: $0
  • Total Monthly Income: 3700
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 12524
  • Square Feet Unit 1: 832
  • Rent Unit 1: $2,000.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 12518
  • Square Feet Unit 2: 614
  • Rent Unit 2: $1,700.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1446.0

Property History for 12524 Addison Street Southwest

DateEvent & SourcePriceAppreciation
Dec 23, 2025

Listed (Active)

NWMLS #2463229

$950,000—
Feb 28, 2024

Sold (Public Record)

Public Record #1527895277

$441,000

+18.2% / yr

Apr 23, 2015

Sold

NWMLS #757115

$100,000—
Apr 23, 2015

Sold

NWMLS #757117

$100,000—
Apr 23, 2015

Sold

NWMLS #757116

$100,000—
Apr 22, 2015

Sold (Public Record)

Public Record #524549767

$100,000—
Apr 22, 2015

Sold (Public Record)

Public Record #524549767

$100,000—
Apr 22, 2015

Sold (Public Record)

Public Record #524549767

$100,000

-6.0% / yr

Apr 17, 2015

Pending

NWMLS #757115

—
Apr 17, 2015

Pending

NWMLS #757117

—
Apr 17, 2015

Pending

NWMLS #757116

—
Mar 16, 2015

Listed (Active)

NWMLS #757115

$110,000—
Mar 16, 2015

Listed (Active)

NWMLS #757117

$110,000—
Mar 16, 2015

Listed (Active)

NWMLS #757116

$110,000—
Dec 23, 2004

Sold (Public Record)

Public Record #148728555

$190,000

-3.4% / yr

Dec 23, 2002

Sold (Public Record)

Public Record #105141426

$203,595—
DateEvent & SourcePrice
12/23/2025

Listed (Active)

NWMLS #2463229

$950,000
02/28/2024

Sold (Public Record)

Public Record #1527895277

$441,000

+18.2% / yr

04/23/2015

Sold

NWMLS #757115

$100,000
04/23/2015

Sold

NWMLS #757117

$100,000
04/23/2015

Sold

NWMLS #757116

$100,000
04/22/2015

Sold (Public Record)

Public Record #524549767

$100,000
04/22/2015

Sold (Public Record)

Public Record #524549767

$100,000
04/22/2015

Sold (Public Record)

Public Record #524549767

$100,000

-6.0% / yr

04/17/2015

Pending

NWMLS #757115

—
04/17/2015

Pending

NWMLS #757117

—
04/17/2015

Pending

NWMLS #757116

—
03/16/2015

Listed (Active)

NWMLS #757115

$110,000
03/16/2015

Listed (Active)

NWMLS #757117

$110,000
03/16/2015

Listed (Active)

NWMLS #757116

$110,000
12/23/2004

Sold (Public Record)

Public Record #148728555

$190,000

-3.4% / yr

12/23/2002

Sold (Public Record)

Public Record #105141426

$203,595

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12524 Addison Street Southwest

Taxable ValueLand$192,900Additions$271,200Total$464,100
Tax Record2025$5,356 ($446 / month)
Home Facts
Beds3Total Finished SqFt832 SqFtAbove Ground SqFt832 SqFtStories1Lot Size19,600 SqFtStyleSingle Family ResidenceYear Built1945Year Renovated2014ZoningMF3CountyPIERCEAPN0219123092

Schools near 12524 Addison Street Southwest

This home is within Clover Park School District.
Rating
School
Type
Grades
Distance
Tyee Park Elementary School
Public - PK to 5
Lochburn Middle School
Public - 6 to 8
Clover Park High School
Public - 9 to 12
CPSD Open Doors Program
Public - 9 to 12
Rating
School
Distance
Tyee Park Elementary School
PublicPK to 5

Lochburn Middle School
Public6 to 8

Clover Park High School
Public9 to 12

CPSD Open Doors Program
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 12524 Addison Street Southwest, Lakewood, WA 98499

12524 Addison Street Southwest is a multi-family home for sale in Lakewood, WA 98499. This property was listed for sale on December 23, 2025 by eXp Realty, it's currently listed at $950,000. It has been on the market for a total of 13 days and was last sold on February 28, 2024. This listing's school district is Clover Park School District. Nearby schools include Tyee Park Elementary School, Lochburn Middle School and Clover Park High School. 12524 Addison Street Southwest is a 3-bed, 2-bath, 1,446 sqft multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/05/2026 07:27 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.