12524 Addison St SW

832 Sq. Ft.
$960 / Sq. Ft.
832
Sq. Ft.
$960
per Sq. Ft.

Description

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...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.
  1. Listed by Claire Michelle Fralish • eXp Realty
    P: (888)-317-5197 claire.fralish.re@gmail.com
  2. Listed by Perdana J Daud • eXp Realty
    P: (888)-317-5197 pjdaud@gmail.com

Property Details for 12524 Addison Street Southwest

Community Name
Lakewood
School District
Lakewood
Number of Assigned Spaces
2
Total Covered Parking
2
Entry Date
12-23-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 04/16/2026 08:42 AM

Property Details for 12524 Addison Street Southwest

StatusActive
MLS #2506001
Days on Market151
Cumulative Days on Market151
Taxes$5,356 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential
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

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

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$4,428 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,982

Property Taxes

$446

HOA Dues

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Property Information for 12524 Addison Street Southwest

Summary
Location and General Information
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • 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.
  • Property Sub Type: RESI
  • View: No
  • Waterfront: No
  • Entry Location: Main
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: Yes
  • Parking Type: Driveway Parking, Garage-Detached
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 0
  • Half Bathrooms: 0
  • Full Baths Lower: 0
  • Full Baths Main: 2
  • Full Baths Upper: 0
  • Three Quarter Baths Lower: 0
  • Three Quarter Baths Main: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Lower: 0
  • Half Baths Main: 0
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 2
  • ADU Baths: 1
Bedroom Information
  • ADU Beds: 1
  • Bedrooms Main: 3
  • Bedrooms Upper: 0
  • Bedrooms Lower: 0
  • Master Bedroom Level: Main
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank, Carpet
  • Room and Floor: Entry Hall-Main, Family Room-Main, Kitchen Without Eating Space-Main, Primary Bedroom-Main, Bedroom-Main, Bathroom Full-Main
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • Room List: Entry Hall, Family Room, Kitchen Without Eating Space, Primary Bedroom, Bedroom, Bathroom Full
Exterior Features
  • Exterior: Metal/Vinyl
  • Roof: Composition
  • Security Features: Fully Fenced
Property
Utilities
  • Water Source: Public
  • 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
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Level: One
  • Lot Topography: Level
  • First Right Of Refusal: false
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1988
  • Photos Count: 17
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: House
  • Square Footage Finished: 832
  • Square Footage Unfinished: 0
  • Building Area Total: 832.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Rental
Rent Information
  • Occupant Type: Tenant
  • Land Lease: No

Property History for 12524 Addison Street Southwest

DateEvent & SourcePriceAppreciation
Apr 15, 2026

Price Change

NWMLS #2508142

$799,000
Apr 15, 2026

Price Change

NWMLS #2506001

$799,000
Dec 23, 2025

Listed (Active)

NWMLS #2506001

$875,000
DateEvent & SourcePrice
04/15/2026

Price Change

NWMLS #2508142

$799,000
04/15/2026

Price Change

NWMLS #2506001

$799,000
12/23/2025

Listed (Active)

NWMLS #2506001

$875,000

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

Public Records for 12524 Addison Street Southwest

Taxable ValueLand$205,800Additions$297,900Total$503,700
Tax Record2026$5,942 ($495 / 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
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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.

Similar Homes

12524 Addison Street Southwest is a single 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 $799,000. It has been on the market for a total of 151 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, 832 sqft single 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

Based on information submitted to the MLS GRID as of 04/16/2026 08:42 AM. All data is obtained from various sources and may not have been verified by 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.