A golden opportunity for the right developer, this strategically located 9.36-acre site consists of 2 parcels set within a rapidly expanding area of Pierce County. Recently rezoned to Urban Corridor (UCOR) allowing up to 60 dwelling units/net acre and a 55’ height limit, with the potential to increase the height limit to 75’ through bonus programs. With easy access to Hwy 512, the zoning allows for a variety of high-density uses including multifamily, senior housing, and mixed-use. Nearly 650’ of frontage along 112th with sewer/water/power in the street. Approximate wetlands have been mapped but not officially delineated, potential for mitigation to reduce buffer zones. Buyer to verify all information. Parcels: 0319121086 and 0319121070.
Sold
Listed by: Better Homes and Gardens RE PC • Kyle Milton
Bought with: ZNonMember-Office-MLS
$5,550,000
5114 112th Street E, Tacoma, WA 98446
--beds
--baths
9.36Acres
Unimproved Land
Built in ----
9.36 Acres Lot
$-- Zestimate®
$--/sqft
$1,892 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,892/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kyle Milton,
Better Homes and Gardens RE PC
Bought with:
Non Member ZDefault
ZNonMember-Office-MLS
Source: NWMLS as distributed by MLS GRID,MLS#: 1894109
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 9.36 Acres
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 0319121086
- Zoning: UCOR
- Zoning description: See Remarks,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: In Street
- Water: In Street
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: Midland
Location
- Region: Tacoma
Financial & listing details
- Tax assessed value: $563,800
- Annual tax amount: $11,173
- Date on market: 5/4/2025
- Cumulative days on market: 328 days
- Listing terms: See Remarks
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2025 | Sold | $5,550,000-17.8% |
Source:  NWMLS as distributed by MLS GRID #1894109 Report a problem | ||
| 3/28/2023 | Pending sale | $6,750,000 |
Source: NWMLS as distributed by MLS GRID #NWM1894109 Report a problem | ||
| 1/20/2023 | Price change | $6,750,000-15.6% |
Source: NWMLS as distributed by MLS GRID #1894109 Report a problem | ||
| 11/21/2022 | Listed for sale | $8,000,000 |
Source: NWMLS as distributed by MLS GRID #1894109 Report a problem | ||
| 5/25/2022 | Pending sale | $8,000,000 |
Source: NWMLS as distributed by MLS GRID #1894109 Report a problem | ||
| 4/4/2022 | Price change | $8,000,000-20% |
Source: NWMLS as distributed by MLS GRID #1894109 Report a problem | ||
| 3/1/2022 | Listed for sale | $10,000,000+2401.8% |
Source: NWMLS as distributed by MLS GRID #1894109 Report a problem | ||
| 9/28/2018 | Sold | $399,719 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,034 +2.2% | $563,800 |
| 2023 | $5,903 +3% | $563,800 |
| 2022 | $5,733 +2.6% | $563,800 +15% |
| 2021 | $5,587 +162.7% | $490,300 +28.5% |
| 2019 | $2,127 -96.5% | $381,700 +109.4% |
| 2018 | $60,026 +2395.4% | $182,300 +13.7% |
| 2017 | $2,405 +18% | $160,300 +23.4% |
| 2016 | $2,038 | $129,900 +15.8% |
| 2014 | $2,038 +108.7% | $112,200 +7.7% |
| 2013 | $977 | $104,200 |
| 2012 | -- | $104,200 -48.9% |
| 2009 | -- | $203,800 -12.8% |
| 2008 | $2,635 | $233,600 |
| 2007 | $2,635 +52.4% | $233,600 +110.8% |
| 2002 | $1,729 -8.7% | $110,800 -0.4% |
| 2001 | $1,894 | $111,300 -5.5% |
| 2000 | $1,894 | $117,800 |
Find assessor info on the county website
Neighborhood: 98446
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Nearby schools
GreatSchools rating
- 6/10Collins Elementary SchoolGrades: K-5Distance: 2.2 mi
- 4/10Morris Ford Middle SchoolGrades: 6-8Distance: 2.3 mi
- 4/10Franklin-Pierce High SchoolGrades: 9-12Distance: 2.2 mi
- Washington
- Pierce County
- Clover Creek
- 98446
- 5114 112th Street E
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