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About the Listing 5353 - 148648
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).
Interior Details
- Bedrooms: 4
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Dining Room,Master on Main
- Water: Tacoma Water
Exterior Details
- Lot Description: Corner Lot,Cul-De-Sac,Dead End Street,Built On Lot,Deck
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof: See Remarks
- Others: See Remarks
- Sewer: City of Tacoma
- Parking Features: Attached Carport,Off Street
Financial Details
- Tax Amount: $4,221
- Taxes w/Assessments: N/A
- Tax/Property ID: 7815000432
- Tax Year: 2025
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602 E 65th St Tacoma, WA 98404
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