421 E 46th Street, Tacoma, WA 98404 (MLS # 2496133)

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Listing provided courtesy of Northwest MLS; Windermere Prof Partners

PRICE $229,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 33,494 sqft
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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.

LAST UPDATED 4/14/2026 TRACT McKinley
YEAR BUILT 0 COMMUNITY McKinley
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage

SCHOOLS
Jr. High School Stewart
High School Lincoln High


ADDITIONAL DETAILS
AREA 58 - Southeast Tacoma
HEAT None
LOT 0.7689 acre(s)
LOT DESCRIPTION Alley, Dead End Street, Open Space
MLS STATUS Active
STYLE 42 - Multi-Family
SUBDIVISION McKinley
TAXES 1746
UTILITIES Electricity Available, Sewer Available
ZONING Multi-Family,Residential

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/13/26 6:21 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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