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2+ Acre Townhome Development Site
For Sale
$1,650,000

1507 E 58th Street, Tacoma, WA 98404

2+ acre site for 36-unit townhome community development.

Property SizeContact for details
Lot Size2.00 Acres
Days on Market142

Property Features for 1507 E 58th Street

General Information

Standard status Active
Lot size 2.00 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $5,269

Amenities

Curbed Lot
Paved
Listing Agency: SKYLINE PROPERTIES, INC.
Listed By: MICHAEL W. BUSACCA
Source: Corcoran
Added: Apr 1 Changed: Aug 8 Last Checked: Jul 15 at 10:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SKYLINE PROPERTIES, INC.

Investment Insights

Based on property information with market context.

This is an opportunity to acquire three tax parcels, totaling over two acres of level land, suitable for constructing a proposed 36-unit townhome community. The planned townhomes feature three bedrooms, three and a half bathrooms, a great room, and an attached garage. According to the seller, the short plat can be completed in approximately 120 days. The survey, preliminary engineering, and site plan have been reviewed by the City of Tacoma. This site is located in an up-and-coming neighborhood with increasing demand for new residences.

Key Highlights

  • Approved for a 36‑unit townhome community.
  • 2+ level acres comprised of 3 tax parcels.
  • Townhome design features 3 bedrooms, 3.5 bathrooms, great room, and attached garage.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby

Demographics for 98404, WA

35,172
Population
13,174
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
7.1 sq mi
ZIP Area
4,954
Density / Sq Mi
$79,562
Median Household Income
$41,977
Median Earnings
$1,440
Median Rent
$387,300
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - 2+ acre site for 36-unit townhome community development.
Where is this residential land & home lot located?
The property is located at 1507 E 58th Street Tacoma, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approved for a 36‑unit townhome community.; 2+ level acres comprised of 3 tax parcels.; Townhome design features 3 bedrooms, 3.5 bathrooms, great room, and attached garage.
More about this property
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