Fixer-upper with development upside! This South Tacoma property offers immediate and long-term potential"”remodel the existing home for instant equity or leverage prime UR-1 zoning for future infill development. On a 0.73-acre parcel with conceptual capacity for about 21 middle-housing units (buyer to verify), it's one of the few remaining larger lots, with level topography, small manageable trees, and existing utilities creating a highly buildable site. The current home is an ideal renovation project for short-term value or rental income while you pursue permits and plans for a multi-unit community"”well-suited for Rowhouses or Detached Courtyard Housing with potential unit-lot subdivision and fee-simple townhome-style ownership. Surrounded by established neighborhoods and close to major arterials, retail, services, and parks, this property offers a strategic location, separation from a non-active railroad without typical rail noise, and a rare combination of scale, flat terrain, and flexible UR-1 zoning for investors seeking both near-term and long-term upside. Third-party financing is available: 50% of lot cost as down payment, 12% APR with interest reserve, 3% origination for a 6-month term or 4% for an 8-month term, plus a $950 UW fee and $150 draw fee per construction draw (subject to buyer's financial approval).
|
LAST UPDATED
|
4/29/2026
|
TRACT
|
Tacoma
|
|
YEAR BUILT
|
1947
|
COMMUNITY
|
Tacoma
|
|
COUNTY
|
Pierce
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
| Elementary School |
Fawcett |
| Jr. High School |
Stewart |
| High School |
Mt Tahoma |
|
Prior to Apr 9, '26
|
$575,000
|
|
Apr 9, '26 - Apr 29, '26 |
$499,950
|
| Apr 29, '26 - Today |
$449,000 |
| AIR |
None |
| AREA |
66 - Parkland |
| BASEMENT |
None |
| CONSTRUCTION |
See Remarks |
| HEAT |
Electric, Forced Air |
| INTERIOR |
Dining Room |
| LOT |
0.7346 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Cul-de-sac, Dead End Street |
| MLS STATUS |
Active |
| PARKING |
Attached Carport, Off Street |
| STORIES |
1 |
| STYLE |
10 - 1 Story |
| SUBDIVISION |
Tacoma |
| TAXES |
4221 |
| UTILITIES |
Sewer Connected, Sewer Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Territorial |
| WATER |
Public |
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