3704 N Tyler Street, Tacoma, WA, 98407
About This Home
Rare investment opportunity in the heart of Tacoma’s highly sought-after Proctor District! Situated on a prime corner lot in one of the city’s most desirable neighborhoods, this 2,144 sq ft fixer presents endless possibilities for investors, builders, developers, or owner-occupants looking to create value in an exceptional location. Rehab the existing home and capitalize on strong resale demand, renovate and hold as a rental investment, or explore the potential to expand by adding a second story to maximize living space and long-term value. Or start fresth wiht a new build! The corner lot configuration also opens the door for a detached accessory dwelling unit (DADU), creating an outstanding opportunity for additional rental income, multigenerational living, or future flexibility. Investors may also explore condominiumizing the existing home and future DADU for potential resale opportunities (buyer to verify all development potential with the City of Tacoma). DADU rents range from $1,800 to $3,200 a month in the Proctor District. Located just moments from Proctor’s vibrant shopping, dining, farmers market, parks, and waterfront amenities, opportunities like this are increasingly rare. Whether you’re looking for your next flip project, long-term investment property, development play, or portfolio addition, this property offers location, upside, and versatility in one of Tacoma’s premier neighborhoods.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 1927
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
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
Entry Hall
- Level: Main
Heating & Cooling
- Heating features: Forced Air,Electric,Natural Gas
- Cooling features: Forced Air
Interior Area
- Total structure area: 2,144
- Total interior livable area: 2,144 sqft
Kitchen With Eating Space
- Level: Main
Living Room
- Level: Main
Property
Details
- Parcel number: 5515000580
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Topography of land: Level
Lot
- Lot size: 5,549 sqft
- Features: Corner Lot,Paved,Value In Land,Deck,Gas Available
Parking
- Total spaces: 1
- Parking features: Driveway,Attached Garage,Off Street
- Has garage: Yes
- Covered 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 | $2,674 | $32,088 |
| Home Insurance * | $119 | $1,428 |
| Property Taxes | $461 | $5,532 |
| Electricity | $149 | $1,793 |
| Total | $3,403 | $40,836 |
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 |
|---|---|---|
| 2026-05-07 | Listed for sale | $625,000 |
| 2025-09-05 | Sold | $400,000 |
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