3112 S Melrose Street, Tacoma, WA, 98405
About This Home
***Be sure to ask about our LENDER-PAID 1-0 BUYDOWN option! Enjoy an INTEREST RATE THAT IS 1% LOWER DURING YOUR FIRST YEAR.*** Tacoma Development Opportunity – Build 3 Townhomes + Existing Home - UR-1 zoned Tacoma property offering excellent infill development potential.$450K each Total resale: ~$1.35M - Owner occupy or rent while rent this Charming existing 2 bed 1 bath with 1550 square ft bright living spaces, spacious kitchen, and flexible bonus room. Favorable setbacks and lot configuration may allow up to three additional townhomes while keeping the existing home (buyer to verify). Ideal opportunity for investors, builders, or homeowners seeking long-term upside in a growing Tacoma neighborhood. Builder available @ $240 sqft and Using Weddermann Architecture, PLLC for planning and architecture
Getting Around
Somewhat Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1925
Materials
- Foundation: Block
- Roof: Composition
- Construction materials: Metal/Vinyl
Notable Dates
- Major remodel year: 1977
Type & Style
- Home type: SingleFamily
- Architectural style: 1 1/2 Story
- Property subType: Single Family Residence
Interior
Bathroom Full
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bonus Room
- Level: Second
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None
Interior Area
- Total interior livable area: 1,550 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Main
Property
Details
- Parcel number: 0320063097
- Zoning: UR2
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: One and One Half
- Stories: 1
- Topography of land: Level
Lot
- Lot size: 7,200 sqft
- Lot size dimensions: 63' x 120"
Parking
- Total spaces: 4
- Parking features: Detached Carport
- Covered spaces: 1
- Uncovered spaces: 3
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,275 | $27,300 |
| Home Insurance * | $125 | $1,500 |
| Property Taxes | $392 | $4,704 |
| Electricity | $149 | $1,793 |
| Total | $2,941 | $35,292 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Listed for sale | $550,000 |
| 2026-03-19 | Pending sale | $550,000 |
| 2026-03-12 | Listed for sale | $550,000 |
| 2025-12-04 | Sold | $300,000 |
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