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$5,550,000

  • Sold
  • Closed
  • Multi-Family

Listed by Kyle Milton | Better Homes and Gardens RE PC | (253) 435-5500
Sold by Non Member ZDefault | ZNonMember-Office-MLS

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A golden opportunity for the right developer, this strategically located 9.36-acre site consists of 2 parcels set within a rapidly expanding area of Pierce County. Recently rezoned to Urban Corridor (UCOR) allowing up to 60 dwelling units/net acre and a 55' height limit, with the potential to increase the height limit to 75' through bonus programs. With easy access to Hwy 512, the zoning allows for a variety of high-density uses including multifamily, senior housing, and mixed-use. Nearly 650' of frontage along 112th with sewer/water/power in the street. Approximate wetlands have been mapped but not officially delineated, potential for mitigation to reduce buffer zones. Buyer to verify all information. Parcels: 0319121086 and 0319121070.

Full Property Details for 5114 112th St E

General

  • Sold For: $5,550,000
  • Taxes: $11,173 (2022)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 1894109
  • Added to Site: 1, 419 day(s) ago

Location

  • Area: 66 - Parkland
  • County: Pierce
  • Subdivision: Midland
  • Driving Directions: From Canyon Rd E exit on Hwy 512 head south to 112th St E and then West. Located on the southern side of 112th St E.

School Information

  • High School District: Bethel

Utilities

  • Sewer: In Street
  • Water: In Street
  • Utility Description: Electricity Available

Structural Information

  • Structure Type: Multi Family

Lot Features

  • Lot Size (Acres): 9.36
  • Lot Size (Sq. Ft.): 407,722
  • Lot Size Source: Public Records
  • Street/Road Desc.: County Maintained, Paved
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: See Remarks

Financial Considerations

  • Tax Amount: $11,173.54
  • Tax Year: 2022
  • Terms: Cash Out, See Remarks

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 319121086

Listed by Kyle Milton | Better Homes and Gardens RE PC | (253) 435-5500
Sold by Non Member ZDefault | ZNonMember-Office-MLS

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NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 5114 112th St E

School District:Franklin Pierce School District
NameGradesDistance
Collins Elementary School
1920 128th Street E, Tacoma, WA 98444
K-52.3 mi
Morris Ford Middle School
1602 104th Street East, Tacoma, WA 98445
6-82.4 mi
Franklin-Pierce High School
11002 18th Avenue East, Tacoma, WA 98445
9-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5114 112th St E

Date
Details
Price
Change
Source
10/27/2025
Sold
$5,550,000
-17.78%
MLS
1/20/2023
Price Reduced
$6,750,000
-15.62%
MLS
3/01/2022
Listed
$8,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Kyle Milton | Better Homes and Gardens RE PC | (253) 435-5500
Sold by Non Member ZDefault | ZNonMember-Office-MLS

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5114 112th Street E, Tacoma, WA 98446 (MLS# 1894109) is a Multi-Family property that was sold at $5,550,000 on October 27, 2025. Want to learn more about 5114 112th Street E? Do you have questions about finding other Multi-Family real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.