***Be sure to ask about our LENDER-PAID 1-0 BUYDOWN option! Enjoy an INTEREST RATE THAT IS 1% LOWER DURING YOUR FIRST YEAR.*** Tacoma Development Opportunity – Build 3 Townhomes + Existing Home - UR-1 zoned Tacoma property offering excellent infill development potential.$450K each Total resale: ~$1.35M - Owner occupy or rent while rent this Charming existing 2 bed 1 bath with 1550 square ft bright living spaces, spacious kitchen, and flexible bonus room. Favorable setbacks and lot configuration may allow up to three additional townhomes while keeping the existing home (buyer to verify). Ideal opportunity for investors, builders, or homeowners seeking long-term upside in a growing Tacoma neighborhood. Builder available @ $240 sqft and Using Weddermann Architecture, PLLC for planning and architecture
Active
Listed by: Keller Williams Eastside • Haruichi Bearden
Price cut: $35K (8/3)
$450,000
3112 S Melrose Street, Tacoma, WA 98405
2beds
1,550sqft
Single Family Residence
Built in 1925
7,200 Square Feet Lot
$-- Zestimate®
$290/sqft
$-- HOA
What's special
Spacious kitchenFlexible bonus room
- 179 days
- 290
- 24
Zillow last checked:
Listing updated:
Listed by:
Haruichi Bearden,
Keller Williams Eastside,
Thuy A. Nguyen,
Keller Williams Eastside
Source: NWMLS as distributed by MLS GRID,MLS#: 2491788
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total interior livable area: 1,550 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached Carport
- Carport spaces: 1
- Uncovered spaces: 3
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 7,200 Square Feet
- Dimensions: 63' x 120"
- Topography: Level
Details
- Parcel number: 0320063097
- Zoning: UR2
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,1 1/2 Story
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl
- Foundation: Block
- Roof: Composition
Condition
- Good
- Year built: 1925
- Major remodel year: 1977
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Central Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $290/sqft
- Tax assessed value: $388,600
- Annual tax amount: $4,203
- Date on market: 3/14/2026
- Cumulative days on market: 178 days
- Listing terms: Conventional,See Remarks,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Price change | $450,000-7.2%$290/sqft |
Source:  NWMLS as distributed by MLS GRID #2491788 Report a problem | ||
| 7/13/2026 | Price change | $485,000-11.8%$313/sqft |
Source: NWMLS as distributed by MLS GRID #2491788 Report a problem | ||
| 4/6/2026 | Listed for sale | $550,000$355/sqft |
Source: NWMLS as distributed by MLS GRID #2491788 Report a problem | ||
| 3/19/2026 | Pending sale | $550,000$355/sqft |
Source: NWMLS as distributed by MLS GRID #2491788 Report a problem | ||
| 3/12/2026 | Listed for sale | $550,000+83.3%$355/sqft |
Source: NWMLS as distributed by MLS GRID #2491788 Report a problem | ||
| 12/4/2025 | Sold | $300,000$194/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,238 +0.8% | $388,600 +0.7% |
| 2024 | $4,203 +4.5% | $385,900 +6.9% |
| 2023 | $4,022 -1.5% | $361,100 -8.1% |
| 2022 | $4,083 +8.1% | $393,000 +19.4% |
| 2021 | $3,778 +37.5% | $329,200 +35.7% |
| 2019 | $2,748 -5.9% | $242,600 +14.9% |
| 2018 | $2,920 +26.6% | $211,200 +14.3% |
| 2017 | $2,307 | $184,700 +30.2% |
| 2016 | $2,307 | $141,900 +7% |
| 2014 | $2,307 +120.2% | $132,600 +8.9% |
| 2013 | $1,048 | $121,800 +2.1% |
| 2012 | -- | $119,300 -13.8% |
| 2011 | -- | $138,400 -1.6% |
| 2010 | -- | $140,700 -13.5% |
| 2009 | -- | $162,700 -5% |
| 2008 | $2,019 +0% | $171,300 -0.6% |
| 2007 | $2,019 +26.1% | $172,400 +84.8% |
| 2002 | $1,602 +14.8% | $93,300 -0.2% |
| 2001 | $1,395 | $93,500 +17.6% |
| 2000 | $1,395 | $79,500 |
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: Central
Nearby schools
Schools provided by the listing agent
- Elementary: Franklin
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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