Exceptional North Tacoma opportunity in one of the city's most desirable neighborhoods! This 6,000 sq. ft. UR3-zoned lot with valuable alley access offers outstanding potential for both renovation and future redevelopment under Tacoma's evolving middle housing zoning regulations. The existing home provides a strong fixer-upper opportunity for buyers looking to restore or update, while the lot itself also presents excellent long-term value for builders, developers, or investors seeking to maximize one of the area's increasingly scarce infill sites. Ideally located just minutes from Ruston Way Waterfront, Point Defiance Park, shopping, dining, and major commuter routes, this property offers flexibility, upside, and location all in one—an opportunity to secure a prime piece of North Tacoma in a market where options continue to diminish.
Active
Listed by: Windermere Real Estate Co. • Darcy LaBelle
Price cut: $45K (9/2)
$400,000
4620 N Pearl Street, Tacoma, WA 98407
2beds
1,362sqft
Single Family Residence
Built in 1939
5,998 Square Feet Lot
$394,100 Zestimate®
$294/sqft
$-- HOA
What's special
Existing home
- 32 days
- 1,562
- 81
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Darcy LaBelle,
Windermere Real Estate Co.
Source: NWMLS as distributed by MLS GRID,MLS#: 2561922
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Electric
Cooling
- None
Appliances
- Included: Water Heater: Electric, Water Heater Location: Basement
Features
- Flooring: Hardwood, Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,362
- Total interior livable area: 1,362 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Water Heater
Lot
- Size: 5,998 Square Feet
- Features: Curbs, Paved, Sidewalk, Fenced-Partially, Gas Available, Patio
- Topography: Level
- Residential vegetation: Fruit Trees, Garden Space
Details
- Parcel number: 2620000840
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fair
- Year built: 1939
- Major remodel year: 1974
Utilities & green energy
- Electric: Company: Tacoma Power
- Sewer: Sewer Connected, Company: Tacoma Public Utilities
- Water: Public, Company: Tacoma Water
Community & HOA
Community
- Subdivision: Point Defiance
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $294/sqft
- Tax assessed value: $436,400
- Annual tax amount: $4,794
- Date on market: 7/29/2026
- Cumulative days on market: 41 days
- Listing terms: Conventional,FHA,Rehab Loan,VA Loan
Estimated market value
$394,100
$374,000 - $414,000
$2,664/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $400,000-10.1%$294/sqft |
Source:  NWMLS as distributed by MLS GRID #2561922 Report a problem | ||
| 8/7/2026 | Listed for sale | $445,000$327/sqft |
Source: NWMLS as distributed by MLS GRID #2561922 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,992 +50.7% | $436,400 +1.5% |
| 2024 | $11,279 +86% | $430,000 +8.3% |
| 2023 | $6,063 +36% | $396,900 -7.5% |
| 2022 | $4,457 +8% | $429,100 +19.3% |
| 2021 | $4,128 +27.3% | $359,800 +32.8% |
| 2019 | $3,242 -3.7% | $270,900 +8.7% |
| 2018 | $3,365 +13.9% | $249,300 +17.1% |
| 2017 | $2,954 +12.2% | $212,900 +32.9% |
| 2016 | $2,633 | $160,200 +5.8% |
| 2014 | $2,633 +123.8% | $151,400 +8.9% |
| 2013 | $1,176 | $139,000 +3.7% |
| 2012 | -- | $134,000 -16.6% |
| 2011 | -- | $160,700 -10.3% |
| 2010 | -- | $179,200 -9.4% |
| 2009 | -- | $197,900 -5% |
| 2008 | $2,493 | $208,400 -2.2% |
| 2007 | $2,493 +33.7% | $213,000 +95.6% |
| 2002 | $1,865 +8% | $108,900 |
| 2001 | $1,727 | $108,900 +10.7% |
| 2000 | $1,727 | $98,400 |
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: West End
Nearby schools
Schools provided by the listing agent
- Elementary: Point Defiance
- Middle: Truman
- High: Silas High School
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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