About this home

Rare Downtown Tacoma investment and redevelopment opportunity on a 10,426 SF DR-zoned site with outstanding flexibility for investors, developers, business owners, or owner-occupants. Existing 5-bedroom, 2-bath residence offers two separate living levels, two kitchens, and flexible income or multigenerational potential, plus workshops/outbuildings and convenient street and alley access. Enjoy territorial, Cascade and Mt. Rainier views in a highly accessible location near UW Tacoma, transit, Tacoma Dome, museums, shopping, dining and freeway access. High-density DR zoning provides significant redevelopment potential, including a 90-foot height limit. Hold and generate income, live and work on site, or explore future redevelopment possibilities. Buyer to verify all development potential, zoning, uses and feasibility with the City of Tacoma.

Location

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Basics

Property type: Single Family Residence
Style: Mid-Century Modern
Stories: 1 story
Condition: Average
Year built: 1952 (renovated 1974)
Building area: 3,240 sq ft
Lot size: 10,426 sq ft (0.24 acres)
County: Pierce
MLS #: NWM2576763

Interior

Heating: Ductless
Cooling: Ductless
Flooring: Ceramic Tile, Laminate, Carpet
Appliances: Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Interior features: Second Kitchen, Dbl Pane/Storm Window, Dining Room, Water Heater
Entry level: Main

Exterior & lot

Exterior features: Cement/Concrete
Roof: Composition
Foundation: Poured Concrete
Lot features: Alley, Curbs, Paved, Sidewalk, Value In Land
Topography: Partial Slope,Terraces
View: Mountains, Territorial
Waterfront: No

Parking

Parking spaces: 3
Garage: Yes (attached)
Covered spaces: 1
Parking features: Driveway, Attached Garage

Utilities

Water: Public
Sewer: Sewer Connected
Power: Electric

Community & fees

Subdivision: Central Tacoma
Property tax: $5,632 (2026)

Transaction

Original list price: $555,000 (4.5% price cut)
Listed on: Sep 1, 2026
Days on market: 53
Price per sq ft: $244
Listing terms: Cash, Conventional, FHA
Possession: Closing

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Sale history

Earlier listings of this home on the MLS.

2018-06-20: Sold$399,950

Schools

School district: Tacoma

High: Stadium High School
SchoolDigger 4 stars · Top 28% in WA

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Listing provided courtesy of: AgencyOne

Listing agent: Megawati Klemets.

Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-09-15.