Listed by Major S. Dhami, Better Properties Kent LLC
- 4
- Bedrooms
- 3
- Bathrooms
- 2,400
- Square feet
- $896
- Per sq ft
- Single Family Residence
- Type
- 1965
- Year built
- 92,390 sq ft
- Lot
- 0
- Days on market
About this property
Development Opportunity—Neighborhood Corridor (NCor) Zoning The primary value is in the land. Zoned Neighborhood Corridor (NCor), this property offers potential for 70+ units, subject to verification of zoning requirements and development approvals. The level, gravelly site is clear of trees, which may help reduce development costs. Water stubs are on the property, and sewer is nearby. The front street is improved and its main corridor . The property was previously permitted for 52 units, but that permit has expired. According to the information provided, zoning density has since changed to allow potential development of 70+ units. An existing rental house with four bedrooms, 2.5 bathrooms, and a three-car garage, along with a large separate office building, and lot of parking, provides income during the permitting process. A compelling opportunity for developers and builders. Do not disturb the tenants and Showing by appointment only, two days notice required.
Location & commute
Add a destination, like work or the gym, for directions and drive time.
Jeff's Neighborhood Guide
Get to know the Spanaway 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
- #2603623
- Listed
- November 13, 2026
- Days on market
- 0
- Price per sq ft
- $896
Unit & building
- Unit levels
- One
Parking
- Parking
- Detached GarageOff StreetRV Parking
- Covered spaces
- 3
- Total spaces
- 13
Construction
- Year built
- 1965
- Style
- 10 - 1 Story
- Structure
- House
- Roof
- Composition
Heating & cooling
- Heating
- Forced Air
- Cooling
- None
- Energy source
- Electric
Interior features
- Features
- Bath Off PrimaryWater Heater
Flooring
- Flooring
- VinylCarpet
Appliances
- Appliances
- DishwasherRefrigeratorStove(s)/Range(s)
Lot
- Lot features
- Open SpaceValue In Land
- Lot size
- 92,390 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Spanaway Water
- Sewer
- Pierce County
- Power
- Tacoma Power
Schools
- District
- Bethel
- Elementary
- Buyer To Verify
- Middle
- Cedarcrest Jnr High
- High
- Spanaway Lake High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Detached Garage
- Off Street
- RV Parking
- Bath Off Primary
- Water Heater
- Vinyl
- Carpet
Listing history
Listed
$2,150,000
November 13, 2026
Derived from current MLS listing fields.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$12,520
- Principal & interest
- $10,872
- Property tax (est.)
- $1,648
Assumes $430,000 down (20%), a $1,720,000 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 November 13, 2026 at 6:20 PM PST. 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.