Investor / Builder Opportunity – Fife, WA | ±4.4 Acres | Medium Density Residential Rare opportunity in the rapidly expanding Fife/Puyallup market. This offering combines two contiguous listings totaling approximately 4.4 acres, delivering both immediate cash flow and long-term development upside. Property includes: .53-acre parcel featuring a well-maintained 4-bedroom duplex (2 bed / 1 bath per unit) 3.87-acre parcel improved with an additional 3-bedroom residence (MLS #2473023) Total: ±4.4 acres (must be sold together) The duplex generates in-place income with units currently rented at $1,500 each ($3,000 total/month) on month-to-month leases—below market, offering clear upside. Maintain as a holding asset while advancing entitlement, short plat, or phased development. Medium Density Residential Zoning City sewer available (seller has paid assessments in full) Favorable topography with partial Mount Rainier views Strong growth corridor influenced by nearby infrastructure expansion, including the planned State Route 167 connection Excellent access to major employment and logistics hubs This is an ideal land bank + income strategy: generate revenue today while positioning for future density and appreciation in one of Pierce County’s fastest-growing submarkets. Buyer to verify development potential, zoning, and utilities to their satisfaction.
Active
Listed by: John L. Scott, Inc. • Darica Roesch-Hegland
$2,499,995
7614 48th Street E, Fife, WA 98424
4beds
3,852sqft
Single Family Residence
Built in 1977
0.53 Acres Lot
$2,404,900 Zestimate®
$649/sqft
$-- HOA
What's special
Partial mount rainier viewsFavorable topography
- --
- on Zillow
- 106
- views
- 7
- saves
Zillow last checked:
Listing updated:
Listed by:
Darica Roesch-Hegland,
John L. Scott, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2473127
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 4
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Heating
- Fireplace, Forced Air, Heat Pump, Electric
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Refrigerator(s), Water Heater: electric
Features
- Flooring: Vinyl, Carpet
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,852
- Total interior livable area: 3,852 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Attached Garage, Off Street, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Second Kitchen, Fireplace, Water Heater
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.53 Acres
- Dimensions: 115 x 200
- Features: Open Lot, Paved, Cable TV, Patio, RV Parking, Shop
- Topography: Level
Details
- Parcel number: 0420206001
- Zoning: Medium Density
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,1 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1977
- Major remodel year: 2015
Utilities & green energy
- Electric: Company: PSE
- Sewer: Available, Company: at street
- Water: Private, Shared Well, Company: well
Community & HOA
Community
- Subdivision: Fife
Location
- Region: Fife
Financial & listing details
- Price per square foot: $649/sqft
- Tax assessed value: $853,400
- Annual tax amount: $8,061
- Date on market: 1/31/2026
- Listing terms: Conventional,VA Loan
- Inclusions: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
- Total actual rent: 3000
Estimated market value
$2,404,900
$2.28M - $2.53M
$3,726/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/31/2026 | Listed for sale | $2,499,995+47.1%$649/sqft |
Source:  NWMLS as distributed by MLS GRID #2473127 Report a problem | ||
| 1/1/2022 | Listing removed | -- |
Source: John L Scott Real Estate Report a problem | ||
| 1/22/2021 | Price change | $1,700,000+6.3%$441/sqft |
Source: John L Scott Real Estate #1719763 Report a problem | ||
| 8/24/2020 | Listed for sale | $1,600,000$415/sqft |
Source: John L Scott Real Estate #1652035 Report a problem | ||
| 12/27/2019 | Listing removed | $1,600,000$415/sqft |
Source: John L Scott Real Estate #1435581 Report a problem | ||
| 4/14/2019 | Listed for sale | $1,600,000-5.9%$415/sqft |
Source: John L Scott Real Estate #1435581 Report a problem | ||
| 1/1/2019 | Listing removed | $1,700,000$441/sqft |
Source: John L Scott Real Estate #1236277 Report a problem | ||
| 1/22/2018 | Price change | $1,700,000-22.7%$441/sqft |
Source: John L Scott Real Estate #1236277 Report a problem | ||
| 7/13/2017 | Listed for sale | $2,200,000+658.6%$571/sqft |
Source: John L Scott Real Estate #1158265 Report a problem | ||
| 6/30/2008 | Sold | $290,000$75/sqft |
Source: NWMLS as distributed by MLS GRID #27146535 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,090 +0.4% | $853,400 +5.1% |
| 2024 | $8,061 +18% | $811,700 +8.5% |
| 2023 | $6,834 -1.3% | $748,200 -0.8% |
| 2022 | $6,923 -4.7% | $754,600 +12.8% |
| 2021 | $7,265 +13% | $669,200 +20.4% |
| 2019 | $6,426 | $555,600 +3.8% |
| 2018 | -- | $535,300 +14.3% |
| 2017 | $5,303 | $468,200 +26% |
| 2016 | $5,303 | $371,700 +3.4% |
| 2014 | $5,303 +121.8% | $359,400 +9.5% |
| 2013 | $2,390 | $328,300 +2.2% |
| 2012 | -- | $321,100 -4.7% |
| 2011 | -- | $336,900 -8.3% |
| 2010 | -- | $367,400 -11.6% |
| 2009 | -- | $415,400 -6.7% |
| 2008 | $4,655 | $445,000 -1.5% |
| 2007 | $4,655 +19.9% | $451,700 +67.4% |
| 2002 | $3,884 +6.2% | $269,900 -0.2% |
| 2001 | $3,656 | $270,500 +6.9% |
| 2000 | $3,656 | $253,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98424
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