$1,200,000
Est. $6,055/mo1219 &1229 E 72nd, Tacoma, WA 98404
• Listed 2026-06-07•New today
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Based on information submitted to the MLS GRID as of June 7, 2026 at 09:47pm (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.
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Prime Tacoma UR-3 Transit-Oriented Development Opportunity. Rare opportunity to acquire 2 contiguous parcels totaling approximately 21,000 sq ft in Tacoma’s desirable UR-3 Transit-Oriented Development (TOD) zone. Ideally positioned along a major transit and commercial corridor, this site offers exceptional redevelopment potential w/preliminary density estimates of approximately 28 base units & the possibility of up to 72 units through bonus density programs, subject to City approval, site feasibility, MFTE eligibility, parking, stormwater, fire access & other development standards. The property consists of 2 tax lots (15,000 sq ft & 6,000 sq ft) & may be suitable for apartments, condos, townhomes, mixed-use projects, multiplexes & other residential uses allowed under current zoning. Located adjacent to public transit & across from commercial services, restaurants, shopping & daily conveniences, the site offers a highly walkable lifestyle. Future residents may enjoy easy access to transportation, employment centers, retail & dining without relying heavily on personal vehicles. A single-family residence occupies the rear portion of the property & may be remodeled or removed depending on the buyer’s intended use. Value is primarily in the land & its significant development potential. Property addresses: 1219 E 72nd St & 1229 E 72nd St, Tacoma. Outstanding opportunity for developers & investors seeking strong density potential in a growing transit-served location.
Listed by Lorna Murray • RE/MAX Equity Group
Listing updated: June 7, 2026 at 09:47pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2536502
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
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Open Sat, Jun 13 +4
Open Sat, Jun 13 +4$329,000
-$871,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $215K and $385K.
Rental earnings
$975/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$385,000Last sold price
8522 9th Ave Court E, Tacoma, WA 98445
$215,000Last sold price
8020 S D Street, Tacoma, WA 98408
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
1219 &1229 E 72nd, Tacoma, WA 98404
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.
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Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 12 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Tacoma School District
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.
