For Sale104d on market
12524 Addison Street SW
Lakewood, WA, 98499 • Tyee Park • Pierce County
$875,000
$605/sqft
-$75,000 since Feb 13, 2026
Down payment assistance available
3Beds
2Baths
1,446Sqft
0.45 acLot
1945Built
Property DNA
Duplex Style
Built 1945 · 81 years of history
Lakewood
Tyee Park
Market activity
Demand and pricing signals for this listing
127 views
People checking out this listing
2 saves
Buyers have saved this home
104 days on market
Established listing
$605/sqft
Price per square foot
About this home
Multi Family · Built 1945
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!
Estimated monthly payment
Based on current rates
$5,445/month
Principal & Interest$4,279
Property Tax$875
Insurance$292
Down payment20% ($175,000)
3%50%
Est. 6.18% rate · 30yr fixed · $700,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1945
HeatingBaseboard, Electric
CoolingNone
Parking2 Covered Parking spaces
Days on Zillow104 Days
Price/sqft$605
Property
Home typeMulti Family
Sub-typeMulti Family
StyleDuplex
ConditionGood
Year built1945
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionMetal/Vinyl
Water / SewerPublic, Company: Lakewood Water District / Sewer Connected, Company: City of Lakewood Sewer Utility
Parking & Outdoor
ParkingGarage, Open
Garage2 spaces
Lot0.45 Acres
Location & Tax
NeighborhoodTyee Park
Annual tax$5,356
Parcel0219123092
Features & details
6 categories of property features
Interior Features
Flooring
Vinyl Plank
Carpet
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Parking
Garage
Open
Construction
Metal/Vinyl
Lot Features
Dead End Street
Value In Land
Deck
Fenced-Fully
Listing insights
Market data and value estimates
StatusFor Sale
Days on market104
Est. value$848,900
Est. rent$1,832/mo
Tax rate0.88%
Price/sqft$605
On marketDec 22, 2025
PostedDec 24, 2025
Last sold$100,000
MLS statusActive
MLS updatedMar 4, 2026
Tour days9
Views127
Favorites2
How are the schools in Lakewood?
3 schools rated nearby
Location
Lakewood, WA, 98499
Price history
13 events
DateEventPrice$/sqftSource
Feb 13, 2026Price Change$875,000$605eXp Realty
Dec 24, 2025Listed For Sale$950,000$657NWMLS as distributed by MLS GRID
Apr 16, 2025Listing Removed$1,900$1Zillow Rentals
Mar 28, 2025Listed For Rent$1,900$1Zillow Rentals
Apr 23, 2015Sold$100,000$69NWMLS as distributed by MLS GRID
Apr 17, 2014Sold$3,589$2Public Record
Aug 19, 2010Listing Removed$125,000$86Coldwell Banker Bain Associates
May 8, 2010Listed For Sale$125,000$86Coldwell Banker Bain Associates
Apr 12, 2010Pending Sale$125,000$86Coldwell Banker Bain Associates
Mar 17, 2010Price Change$125,000$86Coldwell Banker Bain Associates
Sep 25, 2009Listed For Sale$160,000$111Coldwell Banker Bain Associates
Dec 23, 2004Sold$190,000$131Public Record
Jul 7, 1999Sold$115,723$80Public Record
Price Change$875,000
Feb 13, 2026•$605/sqft•eXp Realty
Listed For Sale$950,000
Dec 24, 2025•$657/sqft•NWMLS as distributed by MLS GRID
Listing Removed$1,900
Apr 16, 2025•$1/sqft•Zillow Rentals
Listed For Rent$1,900
Mar 28, 2025•$1/sqft•Zillow Rentals
Sold$100,000
Apr 23, 2015•$69/sqft•NWMLS as distributed by MLS GRID
Sold$3,589
Apr 17, 2014•$2/sqft•Public Record
Listing Removed$125,000
Aug 19, 2010•$86/sqft•Coldwell Banker Bain Associates
Listed For Sale$125,000
May 8, 2010•$86/sqft•Coldwell Banker Bain Associates
Pending Sale$125,000
Apr 12, 2010•$86/sqft•Coldwell Banker Bain Associates
Price Change$125,000
Mar 17, 2010•$86/sqft•Coldwell Banker Bain Associates
Listed For Sale$160,000
Sep 25, 2009•$111/sqft•Coldwell Banker Bain Associates
Sold$190,000
Dec 23, 2004•$131/sqft•Public Record
Sold$115,723
Jul 7, 1999•$80/sqft•Public Record
Tax history
12 years of records
YearTax paidAssessed value
Apr 7, 2024$5,356$464,100
Apr 7, 2023$4,873$438,500
Apr 7, 2022$4,706$441,900
Apr 7, 2021$4,514$374,700
Apr 7, 2019$3,097$269,000
Apr 7, 2018$3,062$247,300
Apr 7, 2017$2,172$200,800
Apr 7, 2016$2,172$157,400
Apr 7, 2014$2,172$130,000
Apr 7, 2013$2,351$120,100
Apr 7, 2011—$166,700
Apr 7, 2010—$187,500
Nearby homes
Neighborhood details
Local context around this listing
Lakewood, WA • Pierce County
Nearby neighborhoods
Carter LakeCusterDowerIdlewildLake LouiseLakeviewOakbrookOakwoodPark LodgeTyee Park
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
98438984399849398496984979849898499
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Based on information submitted to the MLS GRID as of 2026-04-07 04:28:27 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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