Pending as of April 15, 2026

Central Tacoma Value Opportunity

1306 S Monroe Street  ·  Tacoma, WA

3 Bed
1 Bath
948 Sq Ft

Listing by NWMLS / Windermere Abode

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Ideally located in desirable Central Tacoma, this 3-bedroom, 1-bath home offers a fantastic opportunity to create value. Featuring hardwood floors and a cozy gas fireplace, it’s the perfect canvas for your vision—bring your tool belt and restore this home to its full potential. Set on an expansive 6,000 sq ft lot, the property presents exceptional possibilities for investors, builders, or buyers seeking upside. Zoned UR2, it may allow for up to 6 units (approximately one unit per 1,000 sq ft; buyer to verify), making it an ideal candidate for redevelopment, multifamily construction, or a strategic long-term hold. Enjoy convenient access to outdoor recreation with Jefferson Park, DeLong Park, Heidelberg Park, and Tacoma Nature Center all within approximately half a mile. Whether you're considering a full renovation, adding a DADU, or maximizing the site’s density potential, the possibilities are substantial. Ideally situated with quick freeway access for an easy commute while remaining close to local amenities.
  • Year Built 1962
  • Lot Size 5,998 sq ft
  • Parking Spaces 1
  • Parking Type Driveway, Detached Garage, Off Street
  • Lot Details Alley, Paved, Value In Land
  • View Mountains
  • Exterior Features Wood
  • Interior Features Dbl Pane/Storm Window, Fireplace, Pantry, Water Heater
  • Heating & Cooling 90%+ High Efficiency, Forced Air
  • Floor Covering Ceramic Tile, Hardwood
  • Annual Taxes $4,295 (2025)
  • HOA Dues $0
  • MLS Number 2496902
  • Elementary School Buyer To Verify
  • Junior High Buyer To Verify
  • Senior High Buyer To Verify

What’s Nearby

Need a pick me up? Grab something delicious from Valhalla Coffee. It’s a quaint and cozy coffee shop that serves small-batch coffee, that’s hand roasted every day.

Close to Delong Park - this park offers a beautiful walk through shrubs, trees and wetlands and is home to many bird species.

A few minutes away for local sporting events you’ll find Cheney Stadium. They’re not only home to the beloved Tacoma Rainiers Minor League Baseball team, but is now also home to Sounders FC2 soccer franchise.

Click anywhere on the map to get approximate drive times.
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