Fixer-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
NWM2491874
Single Family Residence
24
DOM
4
0.73 acres
1
1198
1947
Pierce
Fawcett
Stewart
Mt Tahoma
Residential
Single Family Residence
Listing Provided Courtesy of Donya Karimi, Skyline Properties, Inc.
Krishna Realty data last checked: Apr 26, 2026 17:23 | Listing last modified Apr 10, 2026 05:24,
Source:
Download our Mobile app
Residence Information
1198
4
1
0
1
See Remarks
10 - 1 Story
1947
None
None
Features and Utilities
Dining Room
See Remarks
Public
Available, Sewer Connected
Financial
4221
Cash, See Remarks
03-16-2026
Comparable Information
24
24
Cash, See Remarks
$575,000
$575,000
Apr 10, 2026 05:24
Schools
Elementary : FawcettN/ARatings Middle : Stewart N/ARatings High : Mt TahomaN/ARatings
Fixer-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).
