Property Details
421 E 46th Street
Tacoma, WA 98404
$229,000
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About This Home
Don’t miss this rare chance to secure a prime development opportunity. Incredible properties like this are becoming harder to find and won’t stay on the market for long. Spanning an impressive 33,495 sqft, this versatile parcel is primed for your next residential or investment project. Zoned Urban Residential 1 (UR1), it offers exceptional flexibility allowing up to 6 dwelling units, including 2 ADU's, attached or detached. Even more compelling, recent updates under Home In Tacoma Phase 1 and state legislation open the door to lot flexibility and the potential for separate ownership of individual units. Developers will appreciate the potential to create new lots with a minimum size of just 2,500 sqft, as well as reduced setbacks including a possible 10-foot front setback (East side), maximizing buildable space. With the possibility of a Short Plat subdivision, this site could support up to twelve units, making it a standout investment opportunity. The property’s unique topography adds both value and appeal. Steep slopes to the North and West provide natural privacy, environmental protection benefits, and a beautiful tree canopy setting. Infrastructure is already within reach, with sewer access on the West side, storm systems on E 46th St, and power and water readily available. With flexible access options from the East, thoughtful site planning possibilities, and strong development potential, this property is a rare find.
Property Details
Property Information
Property Type
Land
Subtype
Land
Status
Active
County
Pierce
Neighborhood
McKinley
Listed
Apr 14, 2026
Interior Features
Bathrooms
0.0
Exterior & Lot
Lot Size
0.77 sqft
Sewer
Available
Water Source
Available
Utilities
Electricity Available
Lot Features
Alley, Dead End Street, Open Space
Location
City
Tacoma
County
Pierce
Coordinates
47.21633, -122.42595
Schools
School District
Tacoma
Middle School
Stewart
High School
Lincoln High
Additional Information
Tax Year
2025
Annual Taxes
$1,746
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
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