Fixer-upper with development upside! South Tacoma property with immediate and long-term potential—remodel 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 community—well-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).

Courtesy of NWMLS
Listing courtesy of Donya Karimi of Skyline Properties, Inc.



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Last checked: 2026-07-27 12:26 AM PDT