602 E 65th Street

Property Description

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).

Overview

Property Status

For Sale

Lot Size

0.73 Acres

MLS ID

2491874

Property Type

Residential

Year Built

1947

Are you interested?

Schedule a Tour

Donya Karimi

(253) 213-3580 [email protected]

Features & Amenities

Total Area

1,198 Sq.Ft.

View Description

Territorial

Stories

Water Source

Public

Roof

See Remarks

Lot Features

Corner Lot, Cul-De-Sac, Dead End Street

Parking

Attached Carport, Off Street

Heat Type

Forced Air

Air Conditioning

None

Other Interior Features

Dining Room

Sewer

Available, Sewer Connected

Other Exterior Features

See Remarks

Elementary School

Fawcett

Middle School

Stewart

High School

Mt Tahoma

School District

Tacoma

Sales Price

$430,000

Real Estate Tax

$4,221/yr

Zoning

UR-1

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for your interest in 602 E 65th Street, Tacoma, WA 98404

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