$449000
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4 Bed
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1 Bath
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1198 SqFt
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44 DOM
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Built: 1947
- Status: Active
Love this home?
Srinivas Kasam
CEO & Founder
(650)533-3259Fixer-upper with development upside! This South Tacoma property offers immediate and long-term potential—remodel the existing home for instant equity or leverage prime UR-1 zoning for future infill development. On a 0.73-acre parcel with conceptual capacity for about 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 community—well-suited for Rowhouses or Detached Courtyard Housing with potential unit-lot subdivision and fee-simple townhome-style ownership. Surrounded by established neighborhoods and close to major 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 both near-term and long-term upside. Third-party financing is available: 50% of lot cost as down payment, 12% APR with interest reserve, 3% origination for a 6-month term or 4% for an 8-month term, plus a $950 UW fee and $150 draw fee per construction draw (subject to buyer’s financial approval).
Listing Provided Courtesy of Donya Karimi, Skyline Properties, Inc.
General Information
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NWM2491874
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Single Family Residence
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44 DOM
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4
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0.73 acres
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1
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1198
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1947
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Pierce
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Fawcett
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Stewart
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Mt Tahoma
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Residential
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Single Family Residence
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Listing Provided Courtesy of Donya Karimi, Skyline Properties, Inc.
Kasamestates data last checked: May 01, 2026 05:08 | Listing last modified Apr 29, 2026 14:43,
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