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JRJeff ReynoldsCompass · Seattle

Listed by Gary Rudd, Windermere Prof Partners

Land
Type
104,108 sq ft
Lot
68
Days on market

About this property

Prime Development Opportunity in University Place – R-2 Zoned LotUnlock the potential of this ideally located vacant parcel on 57th Ave in sought-after University Place. Zoned Residential 2 (R-2), this property offers exceptional flexibility for a variety of residential development options, including single-family homes, duplexes, triplexes, fourplexes, townhomes, and accessory dwelling units.City water and sewer are available, making this a strong candidate for future development. The lot presents a relatively clean slate compared to many competing properties—no existing structures to demolish and minimal clearing required beyond some vegetation and possible trees along the southern boundary.Positioned in an established residential area, the property is bordered by an apartment complex to the east and single-family homes to the south, supporting a range of compatible housing types. A parcel to the north provides separation from Cirque Dr W, adding to the site’s privacy and setting.Buyer to verify all informationGreat opportunity to build in desirable University Place! This vacant 57th Ave parcel is zoned Residential 2 (R-2), allowing a variety of housing types including single-family, duplexes, townhomes, and ADUs. City water and sewer available.Property offers a clean slate with no existing structures to demo and minimal clearing needed. Located in an established area with apartments nearby and single-family homes surrounding. Leach Creek is over 100 ft from theW

Location & commute

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Directions

Property details

Listing details

Listing number
#2511682
Listed
April 30, 2026
Days on market
68

Construction

Style
42 - Multi-Family
Structure
None

Lot

Lot features
Dead End Street
Lot size
104,108 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity AvailableNatural Gas Available
Water
AvailableIn Street
Sewer
In Street

Schools

District
Tacoma
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

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  • None
  • Dead End Street
  • Cash
  • Conventional
  • Electricity Available
  • Natural Gas Available
  • Available
  • In Street

Listing history

  1. Listed

    $500,000

    April 30, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$2,911

Principal & interest
$2,528
Property tax (est.)
$383

Assumes $100,000 down (20%), a $400,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 10:45 PM 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.