$229,000
Est. $1,223/mo421 E 46th Street, Tacoma, WA 98404
• Listed Apr 14, 2026•170 days active · 170 cumulative
Listing Broker: Windermere Prof Partners; Bethany Jones; 253-686-3966; bethanyjones@windermere.com
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Listing Broker: Windermere Prof Partners; Bethany Jones; 253-686-3966; bethanyjones@windermere.com
About this home
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.
Listed by Bethany Jones • Windermere Prof Partners
Listing updated: September 17, 2026 at 11:35am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2496133
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
421 E 46th Street, Tacoma, WA 98404
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerTacoma School District
- Stewart Middle SchoolPublic · Grades 6-8 · State rank 407 of 5142/10
- Lincoln High SchoolPublic · Grades 9-12 · State rank 11 of 43810/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$1,426 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Windermere Prof Partners; Bethany Jones; 253-686-3966; bethanyjones@windermere.com
Market pulse
Tacoma is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 63 days.
Recent sales nearby
Within 1 mile · last 6 months$444,500 Sold
1 day ago
3 bd•1 ba•~1,142 sq ft•Single Family
3571 E K Street, Tacoma, WA 98404
1%
Over list
28
Days on market
0.9 mi
Distance
$510,000 Sold
5 days ago
3 bd•2.25 ba•~1,428 sq ft•Single Family
5212 E M Street, Tacoma, WA 98404
3%
Under list
63
Days on market
0.8 mi
Distance
$240,000 Sold
5 days ago
2 bd•1.75 ba•~1,802 sq ft•Single Family
4034 E Spokane Street, Tacoma, WA 98404
7%
Over list
9
Days on market
0.4 mi
Distance
$65,000 Sold
5 days ago
•Single Family
4031 E K Street, Tacoma, WA 98404
46%
Under list
70
Days on market
0.5 mi
Distance
$606,000 Sold
5 days ago
4 bd•2 ba•~2,132 sq ft•Single Family
815 E 60th Street, Tacoma, WA 98404
1%
Over list
50
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 17, 2026 at 11:35am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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