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JRJeff ReynoldsCompass · Seattle

Listed by Matt J. Harris, COMPASS

Land
Type
37,957 sq ft
Lot
25
Days on market

About this property

0.87-acre infill development site in the heart of Spanaway, one of Pierce County’s growing residential corridors. Zoned NCOR (Neighborhood Corridor), the property benefits from a density range designed to support efficient residential development, with an allowable range of 24 to 40 dwelling units per acre. Conceptual planning supports Twelve 3-story stacked duplexes, plus conversion on the existing house to a duplex, creating a total concept of 26 units. The proposed stacked duplex includes ground floor one bedroom suites and larger two level upper suites. The compact building design is intended to help control construction costs, improve site efficiency, and maximize flexibility. Qualifying residential projects may benefit from Pierce County housing incentives, including expedited review pathways, waived or reduced fees, and site design flexibility, subject to County eligibility and approval. With continued demand for attainable housing and a limited supply of infill land, the site presents a compelling opportunity for developers to deliver a product aligned with today’s market. Its manageable size supports efficient site planning, lower development complexity, and a potentially faster path from acquisition to execution. The combination of NCOR zoning, infill scarcity, conceptual 26-unit planning, and housing demand makes this an attractive opportunity for builders seeking a well-located residential development site in the South Sound.

Location & commute

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Directions

Property details

Listing details

Listing number
#2540752
Listed
June 18, 2026
Days on market
25

Construction

Style
40 - Res-Less thn 1 Ac
Structure
None

Lot

Lot features
Paved
Lot size
37,957 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity ConnectedSeptic Design Installed
Water
On Property
Sewer
AvailableIn Street

Schools

District
Bethel
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

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  • None
  • Paved
  • Cash
  • Conventional
  • Electricity Connected
  • Septic Design Installed
  • On Property
  • Available
  • In Street

Listing history

  1. Listed

    $800,000

    June 18, 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

$4,658

Principal & interest
$4,045
Property tax (est.)
$613

Assumes $160,000 down (20%), a $640,000 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 14, 2026 at 12:00 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.