About this home

Rare investment opportunity in the heart of Tacoma’s highly sought-after Proctor District! Situated on a prime corner lot in one of the city’s most desirable neighborhoods, this 2,144 sq ft fixer presents endless possibilities for investors, builders, developers, or owner-occupants looking to create value in an exceptional location. Rehab the existing home and capitalize on strong resale demand, renovate and hold as a rental investment, or explore the potential to expand by adding a second story to maximize living space and long-term value. Or start fresth wiht a new build! The corner lot configuration also opens the door for a detached accessory dwelling unit (DADU), creating an outstanding opportunity for additional rental income, multigenerational living, or future flexibility. Investors may also explore condominiumizing the existing home and future DADU for potential resale opportunities (buyer to verify all development potential with the City of Tacoma). DADU rents range from $1,800 to $3,200 a month in the Proctor District. Located just moments from Proctor’s vibrant shopping, dining, farmers market, parks, and waterfront amenities, opportunities like this are increasingly rare. Whether you’re looking for your next flip project, long-term investment property, development play, or portfolio addition, this property offers location, upside, and versatility in one of Tacoma’s premier neighborhoods.

Exterior features

Property details

Heating

Forced Air

Cooling

Forced Air

Parking

Driveway, Attached Garage, Off Street

Lot

Alley, Corner Lot, Paved, Value In Land

Water source

Public

Sewer

Sewer Connected

Levels

One

Costs

Price / sq ft

$468

Annual taxes

$5,984 (2026)

Location

Tacoma, WA 98407