Listed by: Donya Karimi / Skyline Properties, Inc.
Fixer-upper with development upside! South Tacoma property with immediate and long-term potential—remodel the existing home for instant equity or leverage UR-1 zoning for future infill development. On a 0.73-acre parcel with conceptual capacity for ~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 (buyer to verify). Surrounded by established neighborhoods and close to 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 strong near-term and long-term upside. Third-party financing may be available with 50% down on lot cost, 12% APR with interest reserve, structured origination fees, and standard underwriting and draw fees (subject to buyer approval).
Source: NWMLS / Skyline Properties, Inc.
- Year Built 1947
- Lot Size 31,999 sq ft
- Parking Spaces 2
- Parking Type Attached Carport, Off Street
- Lot Details Corner Lot, Cul-De-Sac, Dead End Street
- View Territorial
- Exterior Features See Remarks
- Interior Features Dining Room
- Heating & Cooling None
- Floor Covering Vinyl Plank
- Annual Taxes $4,221 (2025)
- MLS Number 2491874
- Elementary School Fawcett
- Junior High Stewart
- Senior High Mt Tahoma