602 E 65th Street, Tacoma, WA 98404 (MLS # 2491874)
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Listing provided courtesy of Northwest MLS; Skyline Properties, Inc.
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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).
| LAST UPDATED | 4/9/2026 | TRACT | Tacoma |
|---|---|---|---|
| YEAR BUILT | 1947 | COMMUNITY | Tacoma |
| COUNTY | Pierce | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Fawcett |
|---|---|
| Jr. High School | Stewart |
| High School | Mt Tahoma |
| PRICE HISTORY | |
| Prior to Apr 9, '26 | $575,000 |
|---|---|
| Apr 9, '26 - Today | $499,950 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 66 - Parkland |
| BASEMENT | None |
| CONSTRUCTION | See Remarks |
| HEAT | Electric, Forced Air |
| INTERIOR | Dining Room |
| LOT | 0.7346 acre(s) |
| LOT DESCRIPTION | Corner Lot, Cul-de-sac, Dead End Street |
| MLS STATUS | Active |
| PARKING | Attached Carport, Off Street |
| STORIES | 1 |
| STYLE | 10 - 1 Story |
| SUBDIVISION | Tacoma |
| TAXES | 4221 |
| UTILITIES | Sewer Connected, Sewer Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/24/26 8:39 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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