Prime ~4.83-acre development opportunity in Pierce County’s Urban Corridor (UCOR) zoning. Sewer in the street unlocks true multifamily and mixed-use potential. Ideal for apartments, townhomes, or a mixed-use project. UCOR allows higher-density, transit-oriented development along major corridors—perfect for capturing strong rental demand and long-term appreciation. Flat, usable site with strong layout potential for ~70–140 units (buyer to verify). Conceptual planning supports efficient garden-style or higher-density product. Flexible zoning supports residential, commercial, or blended uses—giving developers multiple exit strategies. Located in a growing South Hill/Puyallup corridor with expanding infrastructure, retail, and housing demand. Easy access to major arterials, employment centers, and amenities enhances project feasibility and absorption. Sewer availability significantly reduces development barriers and increases achievable density compared to septic-limited sites. Power, water, and other utilities nearby (buyer to verify). Excellent opportunity for builders, multifamily developers, or investors seeking a scalable project in a high-growth submarket. Entitlement upside with UCOR designation aligned with Pierce County’s long-term growth strategy. Buyer to verify all information to their satisfaction, including zoning, density, utilities, and development requirements.
Active
Listed by: Washington Real Estate • Jason Pittman
$1,500,000
15420 62nd Avenue E, Puyallup, WA 98375
3beds
1,530sqft
:
Get pre-qualified$8,947/mo
Single Family Residence
Built in 1910
4.83 Acres Lot
$1,440,600 Zestimate®
$980/sqft
$-- HOA
What's special
- 87 days |
- 156 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Jason Pittman,
Washington Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2518867
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom three quarter
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Forced Air, Heat Pump, Electric
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Microwave(s), Refrigerator(s)
Features
- Flooring: Ceramic Tile, Laminate, Carpet
- Windows: Dbl Pane/Storm Window
- Has fireplace: No
- Fireplace features: Electric
Interior area
- Total structure area: 1,530
- Total interior livable area: 1,530 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached Carport, Detached Garage, RV Parking
- Has garage: Yes
- Has carport: Yes
- Covered spaces: 6
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Dbl Pane/Storm Window
Lot
- Size: 4.83 Acres
- Features: Paved, Barn, Cable TV, Deck, Fenced-Fully, High Speed Internet, Outbuildings, RV Parking
- Topography: Level
Details
- Parcel number: 4015421410
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,1 1/2 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1910
- Major remodel year: 1988
Utilities & green energy
- Electric: Company: Elmhurst
- Sewer: Available, Septic Tank
- Water: Public, Company: Tacoma Water
Community & HOA
Community
- Subdivision: Puyallup
Location
- Region: Puyallup
Financial & listing details
- Price per square foot: $980/sqft
- Tax assessed value: $582,600
- Annual tax amount: $6,809
- Date on market: 5/5/2026
- Cumulative days on market: 89 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$1,440,600
$1.37M - $1.51M
$2,839/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Listed for sale | $1,500,000+185.7%$980/sqft |
Source:  NWMLS as distributed by MLS GRID #2518867 Report a problem | ||
| 4/29/2021 | Sold | $525,000$343/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,716 +4.6% | $582,600 +7.3% |
| 2023 | $6,422 -5.1% | $543,200 -7.4% |
| 2022 | $6,767 +9.6% | $586,800 +25.2% |
| 2021 | $6,177 +54.9% | $468,700 +25.1% |
| 2019 | $3,988 | $374,600 +15.2% |
| 2018 | -- | $325,100 +11% |
| 2017 | $3,597 | $292,900 +25.5% |
| 2016 | $3,597 | $233,300 +10.1% |
| 2014 | $3,597 +128.2% | $211,900 +14.9% |
| 2013 | $1,576 | $184,500 -2.7% |
| 2012 | -- | $189,700 -17.3% |
| 2011 | -- | $229,400 -9.5% |
| 2010 | -- | $253,400 -10.6% |
| 2009 | -- | $283,600 -11.3% |
| 2008 | -- | $319,800 -2.4% |
| 2007 | $3,775 +32.1% | $327,700 +66.9% |
| 2002 | $2,859 +15.4% | $196,300 +4.2% |
| 2001 | $2,477 | $188,300 +8.8% |
| 2000 | $2,477 | $173,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98375
Nearby schools
GreatSchools rating
- 5/10Naches Trail Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 5/10Spanaway Junior High SchoolGrades: 6-8Distance: 3.7 mi
- 4/10Spanaway Lake High SchoolGrades: 9-12Distance: 3.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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