$415,000
Est. $2,299/mo1137 Fawcett Avenue, Tacoma, WA 98402
• Listed Jul 24, 2026•29 days active · 29 cumulative
Listing Broker: Gateway Real Estate; Alex Layer; 253-359-6593; alayer@gatewayre.com
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Listing Broker: Gateway Real Estate; Alex Layer; 253-359-6593; alayer@gatewayre.com
About this home
A rare opportunity to secure a premier development site in the heart of Downtown Tacoma. This 6,000 SF parcel is zoned DCC (Downtown Commercial Core), offering exceptional flexibility for multifamily, mixed-use, commercial, office, retail. Positioned within a federally designated Opportunity Zone, qualifying investors may benefit from valuable tax incentives, enhancing the property's already strong investment potential. Strategically located in one of Tacoma's fastest-growing redevelopment districts, the property is surrounded by new construction. Enjoy convenient access to I-5, Sound Transit, UW Tacoma, the Brewery District, restaurants, shopping, and entertainment. Whether your vision is a high-density residential project, mixed-use destination, or commercial development, this premier site offers the ideal combination of location, zoning flexibility, and long-term upside. Great opportunity to invest in one of the South Sound's most dynamic urban markets.
Listed by Alex Layer • Gateway Real Estate
Listing updated: September 22, 2026 at 06:35pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2557704
Around this home
How much should you offer?
1137 Fawcett Avenue, Tacoma, WA 98402
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
Layout
- Comm/Industrial
Schools
Ratings via SchoolDigger- Edna Travis Elementary SchoolPublic · Grades PK-5 · 0.7 mi · State rank 1,101 of 1,1381/10
- Bryant Montessori Middle SchoolPublic · Grades 6-8 · 0.9 mi · State rank 283 of 5144/10
- Bates Technical High SchoolPublic · Grades 9-12 · 0.2 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.14 acres
- Lot square feet
- 6,000 sq ft
- Topography
- Level,Rolling
- Lot number
- 18
Zoning & use
- Zoning code
- DCC- Downtown Commercial Core
- Zoning description
- Commercial,Multi-Family,Office
- Zoning jurisdiction
- City
- Possible use
- Commercial, Multi-Family, Office
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- In Street
- Gas
- In Street
- Water
- In Street
- Sewer
- In Street
Road & access
- Road surface
- Paved
- Road information
- Access Easement,Paved
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Financing
- Cash, Conventional
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1137 Fawcett Avenue
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Jul 24, 2026ListedNWMLS via MLS Grid · #2557704$415,000
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
$2,714 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
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Gateway Real Estate; Alex Layer; 253-359-6593; alayer@gatewayre.com
Market pulse
Tacoma is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 52 days.
Recent sales nearby
Within 1 mile · last 6 months$1,100,000 Sold
8 weeks ago
•Single Family
1129 Fawcett Avenue #A-D, Tacoma, WA 98402
4%
Under list
162
Days on market
0.1 mi
Distance
$711,500 Sold
3 months ago
2 bd•1.75 ba•~1,595 sq ft•Single Family
609 Fawcett Avenue, Tacoma, WA 98402
2%
Under list
70
Days on market
0.4 mi
Distance
$650,000 Sold
4 months ago
•Single Family
602 to 610 Tacoma Avenue S, Tacoma, WA 98402
24%
Under list
826
Days on market
0.4 mi
Distance
$1,199,950 Sold
5 months ago
•Single Family
1131 Fawcett Avenue #A-D, Tacoma, WA 98402
0%
Over list
62
Days on market
0.1 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
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 5:25 AM PT (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.
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HO
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