421 E 46th Street Tacoma, WA 98404
Listing Courtesy of: MLS LogoNorthwest MLS as distributed by MLS GRID / Windermere Professional Partners / Bethany Jones

  421 E 46th Street Tacoma, WA 98404

Active (1 Days)
$229,000 (USD)

Description

Don’t miss this rare chance to secure a prime development opportunity. Incredible properties like this are becoming harder to find and won’t stay on the market for long. Spanning an impressive 33,495 sqft, this versatile parcel is primed for your next residential or investment project. Zoned Urban Residential 1 (UR1), it offers exceptional flexibility allowing up to 6 dwelling units, including 2 ADU's, attached or detached. Even more compelling, recent updates under Home In Tacoma Phase 1 and state legislation open the door to lot flexibility and the potential for separate ownership of individual units. Developers will appreciate the potential to create new lots with a minimum size of just 2,500 sqft, as well as reduced setbacks including a possible 10-foot front setback (East side), maximizing buildable space. With the possibility of a Short Plat subdivision, this site could support up to twelve units, making it a standout investment opportunity. The property’s unique topography adds both value and appeal. Steep slopes to the North and West provide natural privacy, environmental protection benefits, and a beautiful tree canopy setting. Infrastructure is already within reach, with sewer access on the West side, storm systems on E 46th St, and power and water readily available. With flexible access options from the East, thoughtful site planning possibilities, and strong development potential, this property is a rare find.

MLS #:
2496133
Taxes
$1,746(2025)
Lot Size
0.77 acres
Type
Land
Style
Multi-Family
School District
Tacoma
County
Pierce County
Community
McKinley

Listed By

Bethany Jones, Windermere Professional Partners
Source
Northwest MLS
Last checked Apr 15 2026 at 7:30 AM GMT+0000
Bathroom Details
Subdivision
  • Mckinley
Lot Information
  • Dead End Street
  • Open Space
  • Alley
Property Features
  • Fireplace: 0
Utility Information
  • Utilities: Electricity Available
  • Sewer: Available
School Information
  • Middle School: Stewart
  • High School: Lincoln High
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 4/15/2026 07:30. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.