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12524 Addison St SW
Lakewood, WA 98499
Multifamily Property For Sale
·
1,446 SF
Investment Highlights
- Interim Income with Flexibility
- Location Near JBLM
- Redevelopment Optionality
- Redacted leases, rent roll, and a financial snapshot
Executive Summary
Multifamily infill development opportunity in Lakewood with preliminary architectural and engineering feasibility completed, significantly reducing early-stage risk and soft-cost time for the next developer.
A 25-unit multifamily concept has been evaluated under MF3 zoning. The project includes completed civil site planning, topographic survey, geotechnical review, landscape design, MEP coordination (HVAC & electrical), and energy code compliance documentation. Initial city engagement has occurred and confirms development framework.
The property includes two tenant-occupied buildings providing interim income while the next owner continues entitlements and permitting. A comprehensive due diligence package is available. Ideal for builders or developers seeking a well-studied infill project with momentum. Tenant occupied—do not disturb. Owner is a licensed real estate broker in the State of Washington and is the co-listing agent.
A 25-unit multifamily concept has been evaluated under MF3 zoning. The project includes completed civil site planning, topographic survey, geotechnical review, landscape design, MEP coordination (HVAC & electrical), and energy code compliance documentation. Initial city engagement has occurred and confirms development framework.
The property includes two tenant-occupied buildings providing interim income while the next owner continues entitlements and permitting. A comprehensive due diligence package is available. Ideal for builders or developers seeking a well-studied infill project with momentum. Tenant occupied—do not disturb. Owner is a licensed real estate broker in the State of Washington and is the co-listing agent.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
- Family Room
Site Amenities
- Courtyard
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,324 CAD | 614 |
| 2+1 | 1 | $2,734 CAD | 832 |
Property Taxes
| Parcel Number | 021912-3092 | Improvements Assessment | $407,211 CAD |
| Land Assessment | $281,316 CAD | Total Assessment | $688,528 CAD |
Property Taxes
Parcel Number
021912-3092
Land Assessment
$281,316 CAD
Improvements Assessment
$407,211 CAD
Total Assessment
$688,528 CAD
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