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
- 123
- 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
Add a destination (work, gym, school) for directions and drive time.
Jeff's Neighborhood Guide
Get to know the Southeast Tacoma area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2523823
- Listed
- May 6, 2026
- Days on market
- 123
- 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?
Mark features you love or could do without. Saved on this device to tune what you see.
- One
- Detached Garage
- House
- Composition
- Forced Air
- None
- Electric
- Hardwood
- Laminate
- Alley
- Cash
- Rehab Loan
Listing history
Listed
$618,000
May 6, 2026
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.
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Based on information submitted to the MLS GRID as of October 12, 2026 at 8:00 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.