Fixer-upper with development upside! South Tacoma property with immediate and long-term potentialremodel the existing home for instant equity or leverage UR-1 zoning for future infill development. On a 0.73-acre parcel with conceptual capacity for ~21 middle-housing units (buyer to verify), it’s one of the few remaining larger lots, with level topography, small manageable trees, and existing utilities creating a highly buildable site. The current home is an ideal renovation project for short-term value or rental income while you pursue permits and plans for a multi-unit communitywell-suited for rowhouses or detached courtyard housing, with potential unit-lot subdivision and fee-simple townhome-style ownership (buyer to verify). Surrounded by established neighborhoods and close to arterials, retail, services, and parks, this property offers a strategic location, separation from a non-active railroad without typical rail noise, and a rare combination of scale, flat terrain, and flexible UR-1 zoning for investors seeking strong near-term and long-term upside. Third-party financing may be available with 50% down on lot cost, 12% APR with interest reserve, structured origination fees, and standard underwriting and draw fees (subject to buyer approval).
| MLS # | 2491874 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 185 |
| Listing Provided By | Skyline Properties, Inc. | Donya Karimi |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,198 |
| Car Port | Yes |
| Story(s) | 1 |
| Zoning | UR-1 |
| Acreage | 0.73 |
| Property View | Yes |
| Property | 4221 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98404 |
| Area | 66 Parkland |
| Community Name | Tacoma |
| School District | Mt Tahoma |
| Elementary School | Fawcett |
| High School | Mt Tahoma |
| Listing VS Median (in Tacoma) | |
Price: $410,000 low | high Med: $499,500 sqft: 1,198 low | high Med: 1,293 $ / sqft: $342 low | high Med: $393 On site: 185 low | high Med: 32.5 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98404 |
| Area | 66 Parkland |
| Community Name | Tacoma |
| School District | Mt Tahoma |
| Elementary School | Fawcett |
| High School | Mt Tahoma |
| Listing VS Median (in Tacoma) | |
Price: $410,000 low | high Med: $499,500 sqft: 1,198 low | high Med: 1,293 $ / sqft: $342 low | high Med: $393 On site: 185 low | high Med: 32.5 | |
![]() | $435,0007213 E E StreetTacoma, WA 98404 |
![]() | $399,9996511 S BellTacoma, WA 98408 |