Fixer-upper with development upside! South Tacoma property with immediate and long-term potential—remodel the existing home for instant equity or leverage UR-1 zoning for future infill development. On a 0.73-acre parcel with conceptual capacity for ~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 (buyer to verify). Surrounded by established neighborhoods and close to 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 strong near-term and long-term upside. Third-party financing may be available with 50% down on lot cost, 12% APR with interest reserve, structured origination fees, and standard underwriting and draw fees (subject to buyer approval).
Active
Listed by: Skyline Properties, Inc. • Donya Karimi
Price cut: $20K (7/9)
$410,000
602 E 65th Street, Tacoma, WA 98404
4beds
1,198sqft
Single Family Residence
Built in 1947
0.73 Acres Lot
$-- Zestimate®
$342/sqft
$-- HOA
What's special
Flat topographySmall manageable treesFlat site
- 158 days |
- 291 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Donya Karimi,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2491874
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 4
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Forced Air, Electric
Cooling
- None
Features
- Dining Room
- Flooring: Vinyl Plank
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,198
- Total interior livable area: 1,198 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Carport, Off Street
- Has carport: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Dining Room
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.73 Acres
- Features: Corner Lot, Cul-De-Sac, Dead End Street, Deck
- Topography: Level
- Residential vegetation: Fruit Trees, Wooded
Details
- Parcel number: 7815000432
- Zoning: UR-1
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- See Remarks
- Roof: See Remarks
Condition
- Year built: 1947
- Major remodel year: 1947
Utilities & green energy
- Electric: Company: Tacoma Power
- Sewer: Available, Sewer Connected, Company: City of Tacoma
- Water: Public, Company: Tacoma Water
Community & HOA
Community
- Subdivision: Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $342/sqft
- Tax assessed value: $401,500
- Annual tax amount: $4,221
- Date on market: 3/24/2026
- Cumulative days on market: 151 days
- Listing terms: See Remarks
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Price change | $410,000-4.7%$342/sqft |
Source:  NWMLS as distributed by MLS GRID #2491874 Report a problem | ||
| 5/28/2026 | Price change | $430,000-4.2%$359/sqft |
Source: NWMLS as distributed by MLS GRID #2491874 Report a problem | ||
| 5/19/2026 | Pending sale | $449,000$375/sqft |
Source: NWMLS as distributed by MLS GRID #2491874 Report a problem | ||
| 4/29/2026 | Price change | $449,000-10.2%$375/sqft |
Source: NWMLS as distributed by MLS GRID #2491874 Report a problem | ||
| 4/10/2026 | Price change | $499,950-13.1%$417/sqft |
Source: NWMLS as distributed by MLS GRID #2491874 Report a problem | ||
| 3/17/2026 | Listed for sale | $575,000+91.7%$480/sqft |
Source: NWMLS as distributed by MLS GRID #2491874 Report a problem | ||
| 6/2/2022 | Sold | $300,000$250/sqft |
Source: NWMLS as distributed by MLS GRID #1916769 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,584 +56% | $401,500 +3.6% |
| 2024 | $4,221 +4.6% | $387,500 +7% |
| 2023 | $4,034 +0.6% | $362,100 -6.2% |
| 2022 | $4,010 +7.4% | $385,900 +18.7% |
| 2021 | $3,732 +3329% | $325,200 +34.8% |
| 2019 | $109 | $241,200 +12.8% |
| 2018 | -- | $213,900 +13.2% |
| 2017 | $127 | $188,900 +33.3% |
| 2016 | $127 | $141,700 +6.6% |
| 2014 | $127 +88.4% | $132,900 +14.1% |
| 2013 | $67 | $116,500 +1.5% |
| 2012 | -- | $114,800 -17.8% |
| 2011 | -- | $139,700 -13.6% |
| 2010 | -- | $161,600 -9.2% |
| 2009 | -- | $177,900 -7% |
| 2008 | -- | $191,300 -4.3% |
| 2007 | $164 -48.9% | $199,800 +89.7% |
| 2002 | $320 | $105,300 -1.3% |
| 2001 | -- | $106,700 +10.8% |
| 2000 | -- | $96,300 |
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: Eastside-ENACT
Nearby schools
GreatSchools rating
- 3/10Fawcett Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Stewart Middle SchoolGrades: 6-8Distance: 1.1 mi
- 1/10Mt Tahoma High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: Fawcett
- Middle: Stewart
- High: Mt Tahoma
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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