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JRJeff ReynoldsCompass · Seattle

Listed by Joe Carbajal, Better Properties N. Proctor

Land
Type
8,106 sq ft
Lot
137
Days on market

About this property

Old Tacoma Development Opportunity They’re not making any new land in Old Tacoma. In Old Town Tacoma a rare opportunity to own an oversized corner lot with breathtaking views of Commencement Bay. The recent UR-2 zoning allows for remarkable flexibility, enabling you to * build a single-family home with an ADU or DADU * subdivide the property * explore the potential for townhomes * Or build multi-family housing Just blocks from Ruston Way and the waterfront, this prime location offers convenient access to wine bars, coffee shops, restaurants, and the beach—all within a short distance. Unlike other lots in North Tacoma, this one is nearly impossible to find. With the city’s transformation well underway, now is the ideal time to invest in this exceptional property.

Location & commute

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Directions

Jeff's Neighborhood Guide

Get to know the North 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
#2531143
Listed
May 28, 2026
Days on market
137
Original list price
$849,950

Views

View
CityIslandsSoundTerritorial

Construction

Style
40 - Res-Less thn 1 Ac
Structure
None

Lot

Lot features
AlleyPavedSidewalk
Lot size
8,106 sq ft

Terms

Terms offered
Cash

Utilities

Utilities
Electricity AvailableNatural Gas Available
Water
In Street
Sewer
In Street

Schools

District
Tacoma
Elementary
Lowell
Middle
Hilltop Heritage Middle
High
Stadium

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • City
  • Islands
  • Sound
  • Territorial
  • None
  • Alley
  • Paved
  • Sidewalk
  • Cash
  • Electricity Available
  • Natural Gas Available
  • In Street

Listing history

  1. Listed

    $849,950

    May 28, 2026

  2. Current price

    $784,950

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

$4,571

Principal & interest
$3,969
Property tax (est.)
$602

Assumes $156,990 down (20%), a $627,960 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 October 12, 2026 at 7:15 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.