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$875,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 832 Sq. Ft.
  • Updated 2 days ago

Listed by Claire Michelle Fralish | eXp Realty | (888) 317-5197

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25-Unit MF-3 Infill Site - Ready for Submittal - 0.45-acre high-density site (54 units/acre) with extensive engineering completed. 25-unit concept supported. Strong soils per geotech (20 in/hr infiltration). 2021 appraisal at $935K. ~$3,700/month interim income. Potential 12-year MFTE (buyer to verify). Near I-5 and JBLM. Full DD available. Call-email-text helpful Listing agents with questions. Colist agent is owner. DO NOT DISTURB tenants. Thank you!

Full Property Details for 12524 Addison St SW

General

  • Price: $875,000
  • Taxes: $5,356 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2506001
  • Updated: 4/10/2026
  • Added to Site: 112 day(s) ago

Interior

  • Flooring: Vinyl Plank, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Baths: 2

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main: 3

Additional Information

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

Parking

  • Garage: Yes
  • Covered Spaces: 2
  • Parking Features: Driveway, Detached Garage

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: House
  • Exterior Const.: Metal/Vinyl
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 832
  • Finished Total: 832 Sq. Ft.
  • Year Built: 1945
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.45
  • Lot Size (Sq. Ft.): 19,600
  • Lot Size Source: Realist
  • Lot Dimensions: 19600
  • Topography: Level
  • Lot Features: Dead End Street, Value In Land

Financial Considerations

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

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 219123092

Listed by Claire Michelle Fralish | eXp Realty | (888) 317-5197

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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 ATTOM Data Solutions 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
$875,000
98.41%
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

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12524 Addison Street SW, Lakewood, WA 98499 (MLS# 2506001) is a Single Family property with 3 bedrooms and 2 full bathrooms. 12524 Addison Street SW is currently listed for $875,000 and was received on December 23, 2025. Want to learn more about 12524 Addison Street SW? Do you have questions about finding other Single 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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