REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Cheryl Dillon

cheryl.dillon@exprealty.com +1(425) 954-5622

Listed by:eXp Realty • Claire Fralish

$ 799,000

Est. payment | -/mo

3 Beds

2 Baths

832 SqFt

Save

$ 799,000

Est. payment | -/mo

Save

3 Beds

2 Baths

832 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 832 sqft

Price per Sqft $960

Subdivision Lakewood

MLS Listing ID 2506001

Style 10 - 1 Story

Bedrooms 3

Full Baths 2

Year Built 1945

Annual Tax Amount $5,356

Lot Size 0.450 Acres

Lot Dimensions 19,600

Property Sub-Type Single Family Residence

Property Description

Lakewood multifamily redevelopment opportunity just minutes from JBLM! This MF-3 zoned property offers a proposed 25-unit apartment concept with substantial preliminary development work already completed. Available documentation includes civil engineering plans, topographic survey, geotechnical analysis, landscape design, and mechanical, electrical, and energy coordination—providing a valuable foundation for further development review. Two existing tenant-occupied structures offer potential interim rental income. Potential eligibility for Lakewood's 12-year MFTE program, subject to City requirements and approval. Offered at $799,000, approximately $31,960 per proposed unit. An opportunity for builders and investors seeking multifamily development potential in an established rental market. Buyer to verify feasibility, density, and approvals. Do NOT disturb tenants. Seller is a licensed real estate agent.

Location

State WA

County Pierce

Area 37 - Lakewood

Rooms

Main Level Bedrooms 3

Interior

Flooring Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Deck, Fenced-Fully

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Dead End Street, Value In Land

Story One

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Clover Park

Others

Senior Community No

Acceptable Financing Assumable, Cash, Conventional, VA Loan

Listing Terms Assumable, Cash, Conventional, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

GET MORE INFORMATION

Cheryl Dillon

+1(425) 954-5622

cheryl.dillon@exprealty.com

12524 Addison ST SW Lakewood, WA 98499

Cheryl Dillon

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

12524 Addison ST SW