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JRJeff ReynoldsCompass · Seattle

Listed by Stephanie Owens, Homesprings Real Estate

2
Bedrooms
1
Bathrooms
1,800
Square feet
$208
Per sq ft
Single Family Residence
Type
1922
Year built
11,500 sq ft
Lot
79
Days on market

About this property

Major price adjustment! Now Offered $243,000 Below Original List Price. Whether you're a builder, developer, or experienced investor, this is your chance to secure a well-located site at a compelling new price. Exceptional opportunity to acquire a high-density-zoned property with outstanding development potential. Situated on a generous 11,500 sq ft lot with easy alley access, this property offers tremendous upside with UR3 middle housing zoning. Explore the potential for middle housing development, multi-unit possibilities, or a strategic long-term investment in one of Tacoma’s growth corridors. Property also has 4 underlying lots for flexibility in development strategy. The existing home is in significant disrepair and is being sold as-is, making this an ideal project for builders, developers, flippers, or buyers looking to maximize land value and redevelopment potential. Rare chance to secure a large urban lot with flexible future use potential. Excellent location on Pacific Ave with convenient access to I-5, transit, shopping, schools, and downtown Tacoma. House in poor condition so enter interior with caution. Buyer to verify all development possibilities and zoning allowances to their satisfaction.

Location & commute

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Directions

Property details

Listing details

Listing number
#2523823
Listed
May 6, 2026
Days on market
79
Price per sq ft
$208
Original list price
$618,000

Unit & building

Unit levels
One

Parking

Parking
Detached Garage
Covered spaces
1
Total spaces
1

Construction

Year built
1922
Style
16 - 1 Story w/Bsmnt.
Structure
House
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Electric

Flooring

Flooring
HardwoodLaminate

Lot

Lot features
Alley
Lot size
11,500 sq ft

Terms

Terms offered
CashRehab Loan

Utilities

Water
TPU
Sewer
TPU
Power
TPU

Schools

District
Tacoma
Elementary
Fawcett
Middle
Stewart
High
Mt Tahoma

What stands out to you?

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  • One
  • Detached Garage
  • House
  • Composition
  • Forced Air
  • None
  • Electric
  • Hardwood
  • Laminate
  • Alley
  • Cash
  • Rehab Loan

Listing history

  1. Listed

    $618,000

    May 6, 2026

  2. Current price

    $375,000

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

$2,184

Principal & interest
$1,896
Property tax (est.)
$288

Assumes $75,000 down (20%), a $300,000 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 August 28, 2026 at 4:45 AM 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.