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$950,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Car Garage
  • Updated 2 days ago

Listed by Claire Michelle Fralish | eXp Realty | (888) 317-5197 and Perdana J Daud | eXp Realty | (888) 317-5197

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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. 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.

Full Property Details for 12524 Addison St SW

General

  • Price: $950,000
  • Taxes: $5,356 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2463229
  • Updated: 1/15/2026
  • Added to Site: 26 day(s) ago

Interior

  • Flooring: Vinyl Plank, Carpet

Additional Information

  • Amenities: Deck, Fenced-Fully
  • Security/Safety: Fully Fenced

Parking

  • Garage Spaces: 2
  • Uncovered Spaces: 2

Location

  • Area: 37 - Lakewood
  • County: Pierce
  • Subdivision: Lakewood
  • Driving 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.

School Information

  • High School District: Lakewood
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Metal/Vinyl
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 1,446
  • Year Built: 1945
  • Property Condition: Good

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.45
  • Lot Size (Sq. Ft.): 19,600
  • Lot Size Source: Realist
  • Lot Dimensions: 19600
  • Lot Features: Dead End Street, Value In Land
  • Zoning: Multi-Family, Residential

Financial Considerations

  • Tax Amount: $5,356
  • Tax Year: 2025
  • Terms: Assumable, Cash Out, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 219123092

Listed by Claire Michelle Fralish | eXp Realty | (888) 317-5197 and Perdana J Daud | eXp Realty | (888) 317-5197

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NMLS#: 1598647

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Schools serving 12524 Addison St SW

School District:Clover Park School District
NameGradesDistance
Tyee Park Elementary School
11920 Seminole Road Southwest, Lakewood, WA 98499
K-50.5 mi
Harrison Preparatory School
9103 Lakewood Drive Southwest, Lakewood, WA 98499
6-122.2 mi
Lochburn Middle School
5431 Steilacoom Boulevard Southwest, Lakewood, WA 98499
6-82.5 mi
Clover Park High School
11023 Gravelly LK DR SW, Lakewood, WA 98499
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12524 Addison St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/23/2025
Listed
$950,000
115.42%
MLS
2/28/2024
Sold
$441,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12524 Addison St SW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,356
10%
$464,100
6%
2024
$4,873
4%
$438,500
-1%
2023
$4,706
4%
$441,900
18%
2022
$4,514
7%
$374,700
19%
2021
$4,217
12%
$313,600
17%
2020
$3,769
23%
$269,000
9%
2018
$3,062
—
$247,300
23%
2018
$3,062
4%
$200,800
8%
2017
$2,952
16%
$186,300
18%
2016
$2,535
17%
$157,400
21%
2015
$2,172
4%
$130,000
8%
2014
$2,088
—
$120,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Claire Michelle Fralish | eXp Realty | (888) 317-5197 and Perdana J Daud | eXp Realty | (888) 317-5197

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12524 Addison Street SW, Lakewood, WA 98499 (MLS# 2463229) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 12524 Addison Street SW is currently listed for $950,000 and was received on December 23, 2025. Want to learn more about 12524 Addison Street SW? Do you have questions about finding other Multi-Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.

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