Listed by John L. Scott, Inc.
$379,000
Total Views 748
0.16 Acre
$2,346,749 Price per Acre
7,035 Sq Ft Lot

Highlights

  • Territorial View
  • Open Space
  • Level Lot
  • No HOA

About This Lot

ZONED UR1 GIVES THIS PROPERTY MANY BUILDING OPTIONS!!! Bring your builder and vision! Rare opportunity to purchase two adjoining lots (322 & 324 E 40th St) being sold together, offering incredible potential under updated zoning allowances. Ideal for investors, builders, or homeowners looking to create custom homes, multi-unit development, or a private compound. Power on the property and water and sewer available at the street. Situated at the end of the road, this partially fenced property provides a desirable setting with added privacy. Conveniently located close to downtown (approx 3 miles) and multiple transit options, Seattle. (Amtrak, Sounder Train, Express buses, Pierce Transit, Greyhound). They are all at the Tacoma Dome near shopping, dining, and easy access to I-5, making it a prime location for future development or personal use. Buyer and buyer’s agent to verify all information to their own satisfaction, including zoning and development potential. Please contact your real estate agent prior to walking the property. 3rd lot available 328 E 40TH St.-Parcel 7470014218.

Listing Agent

Susan Wood

John L. Scott, Inc. License #27880 Listed on: 03/28/2026

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2499062

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Lot Details

  • 7,035 Sq Ft Lot
  • Open Space
  • Street terminates at a dead end
  • Level Lot
  • Zoning described as Multi-Family,Retail

Additional Features

  • Territorial Views
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Se Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 7470014216

Property Details

Property Type

Land

Lot Details

7,035 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Active
  • Prev Status: Active
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Corners Flagged
  • Restrictions: See Remarks
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Retail
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • WaterJurisdiction: TPU

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: In Street
  • Water Source: On Property
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available
  • ElectricityStatus: Available
  • GasStatus: Not Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 7470014216
  • Topography: Level
  • Lot Size Acres: 0.1615
  • Lot Size Sq Ft: 7035
  • Zoning Description: Multi-Family,Retail
  • Zoning: R1
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Seller
  • ZoningJurisdiction: County
  • LotNumber: 1

Tax Info

  • Year: 2026

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $91,700 $91,700 --
2024 -- $93,300 $93,300 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2026 03/28/26 For Sale $379,000 +483.1% --
02/13/2018 02/13/18 Sold $65,000 -18.8% -- View Prior Sale
12/26/2017 12/26/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $80,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

About the Listing Agent

Susan Wood

John L. Scott, Inc.

(253) 289-6068

Section Image

Representation:
I take pride in offering high-caliber full-service residential real estate expertise. My clients are my top priority, and I focus on delivering the best possible results for them.
Expertise:
The real estate market is hyperlocal, seasonal and temperamental—in other words, it can change on a dime. Technology has made information more accessible to everyone, but it can be difficult to keep up with recent events that affect home values. The benefits of working with a

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2499062

Northwest Multiple Listing Service (NWMLS)

APN: 747001-4216

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