Exceptional opportunity for an investor or operator. This structure, once a residence, converted to a business environment with 11 individual offices is now vacant and available. Located adjacent to the Pacific Lutheran University Campos this is presents numerous options from residential to light commercial. Bring your ideas, Be creative, See it today.
Active
Listed by: COMPASS • Greg Garner
$495,000
723 121st Street S, Tacoma, WA 98444
11beds
2,532sqft
Single Family Residence
Built in 1954
7,501 Square Feet Lot
$490,300 Zestimate®
$195/sqft
$-- HOA
What's special
- 9 hours
- 18
- 1
Zillow last checked:
Listing updated:
Listed by:
Greg Garner,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2576400
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 6
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Other
- Level: Main
Heating
- Forced Air, Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Water Heater: Electric, Water Heater Location: Basement
Features
- Flooring: Vinyl, Carpet
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 2,532
- Total interior livable area: 2,532 sqft
Property
Parking
- Total spaces: 2
- Parking features: None
- Uncovered spaces: 2
Accessibility
- Accessibility features: Accessible Central Living Area, Accessible Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 7,501 Square Feet
- Dimensions: 75 x 100
- Features: Corner Lot, Paved, High Speed Internet
- Topography: Level
Details
- Parcel number: 2240001450
- Zoning: Residential
- Zoning description: Jurisdiction: County
- Special conditions: Standard
- Other equipment: Leased Equipment: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1954
- Major remodel year: 1981
Utilities & green energy
- Electric: Company: Parkland Light & Water
- Sewer: Sewer Connected, Company: Pierce County
- Water: Public, Company: Parkland Light & Water
Community & HOA
Community
- Subdivision: Parkland
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $195/sqft
- Tax assessed value: $419,900
- Annual tax amount: $168
- Date on market: 9/2/2026
- Cumulative days on market: 2 days
- Listing terms: Conventional,Rehab Loan
- Inclusions: Leased Equipment
Estimated market value
$490,300
$466,000 - $515,000
$1,895/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $495,000+685.7%$195/sqft |
Source:  NWMLS as distributed by MLS GRID #2576400 Report a problem | ||
| 9/1/1981 | Sold | $63,000$25/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $168 +7.2% | -- |
| 2024 | $157 | -- |
| 2023 | $157 | -- |
| 2022 | $157 +1.4% | -- |
| 2021 | $155 +12.6% | -- |
| 2019 | $137 +0.7% | $259,300 +9.2% |
| 2018 | $136 +3.6% | $237,500 +15.3% |
| 2017 | $132 +13.7% | $206,000 +28.1% |
| 2016 | $116 | $160,800 +8.5% |
| 2014 | $116 +5.3% | $148,200 +9% |
| 2013 | $110 | $136,000 +3.1% |
| 2012 | -- | $131,900 -11.9% |
| 2011 | -- | $149,800 -9.6% |
| 2010 | -- | $165,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98444
Nearby schools
Schools provided by the listing agent
- Elementary: Brookdale Elem
- Middle: Perry G Keithley Mid
- High: Wash High
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.
