12524 Addison Street SW Lakewood, WA $ 950,000
12524 Addison Street SW
$ 950,000
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12524 Addison Street SW

Lakewood, WA, 98499
$ 950,000
Baths0.0 Sq 1,446

Monthly Estimate*

$ 5,927

Listed by eXp Realty
12524 Addison Street SW, Lakewood, WA 98499 - Image 1
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Studio

Multi-Family Home for sale in Lakewood, WA

for $950,000. This 1,446 square foot home was built in 1945 on a lot size of 0.45.

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.

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Multi-Family Active

Price

$ 950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,356

Style

Duplex

Lot Size

0.45

Year Built

1945

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2463229

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Fully Fenced
Year Built 1945
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 0
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lakewood
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
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.
High School Buyer To Verify
City Lakewood
Senior Community Y/N N
High School District Lakewood
Zoning Description Multi-Family Residential
Open Parking Spaces 2
Number Of Units Total 2
MLS Area 37 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 19600
Carport Spaces 0
Carport Y/N N
Listing Terms Assumable Cash Out Conventional VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 5356
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks 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
Leasable Area 1446
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Lakewood Water District
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 0
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Dead End Street Value In Land
Water Source Public
Total Parking 4
Building Area Total 1446
Lot Dimensions 19 600
Lot Size Acres 0.45
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Fully
Parking Uncovered Spaces 2
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2463229
Street Number 1 12524
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* Excluded Features
List By
Claire Michelle Fralish

Listing Agent

Exp Realty

Broker

Affordability Calculator

$6,373
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,927
Monthly Property Taxes
$446
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100088 Elementary School
3100335 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
12/24/2025$950,000 Listed Price

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12524 Addison Street SW, Lakewood, WA, 98499 is a Multi-Family Home for sale at $950,000 with 1,446 sqft and a lot size of 0.45. 12524 Addison Street SW is a studio with 0.0 baths and was built in 1945. The property's zip code is 98499 which is in Lakewood, WA