Listing courtesy of Skyline Properties, Inc. 425-455-2065
$499,950
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… Read More 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). Read Less
Listing Snapshot
Cumulative Days On Market
35
Last Updated
Property Type
Single Family Residence
Lot Size
0.73 Acres
MLS Number
2491874
Days online/new listing status Based on first download from the MLS.
30 Days Snapshot Of 98404
$
+8%
(avg) list price
48
-4%
homes for sale
62
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "None"
Building
Building Area Total: 1198, Building Area Units: Square Feet, Building Information: Built On Lot, Calculated Square Footage: 1198, Elevation Units: Feet, Entry Location: Main, Levels: "One", Living Area: 1198, Structure Type: "House", Year Built: 1947, Year Built Effective: 1947
Based on information submitted to the MLS GRID as of . 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. Listings last updated on ,
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