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Residential Land with Development Potential
For Sale
$145,000

322 E 40th Street #1, Tacoma, WA 98404

Land with utilities, suitable for custom home or development.

Property SizeContact for details
Days on Market474

Property Features for 322 E 40th Street #1

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $500
Listing Agency: BERKSHIRE HATHAWAY HS NW
Listed By: FELICIA MACKEY
Source: Corcoran
Added: May 30, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 BERKSHIRE HATHAWAY HS NW

Investment Insights

Based on property information with market context.

This property presents opportunities for builders and investors, with potential for constructing a custom home or multiple dwellings. Power and water are already installed on the lot. Sewer and natural gas connections are available at the street. The property is located at the end of a quiet road and includes a partially fenced boundary and a suitable build site. The zoning allows for higher density on the three flat lots.

Key Highlights

  • Development Potential: New zoning allows for higher density, suggesting the possibility of building multiple homes.
  • Utilities Ready: Power and water are already installed on the property.
  • Buildable Land: Features 3 flat lots with a fantastic build site.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office HVAC Service Skin Care Clinic

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

549
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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Frequently Asked Questions

What type of property is this?
Land - Land with utilities, suitable for custom home or development.
Where is this land located?
The property is located at 322 E 40th Street #1 Tacoma, WA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Development Potential: New zoning allows for higher density, suggesting the possibility of building multiple homes.; Utilities Ready: Power and water are already installed on the property.; Buildable Land: Features 3 flat lots with a fantastic build site.
More about this property
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