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$6,750,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family

Listed by Kyle Milton | Better Homes and Gardens RE PC | (253) 435-5500

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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

  • Price: $6,750,000
  • Taxes: $11,173 (2022)
  • Status: Pending
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 1894109
  • Updated: 3/6/2025
  • Added to Site: 1, 179 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: UCOR

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

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Schools serving 5114 112th St E

School District:Franklin Pierce School District
RatingNameGradesDistance
3
Collins Elementary School
4608 128th St E, Tacoma, WA 98446
PK-51 mi
3
Morris E Ford Middle School
1602 104th St E, Tacoma, WA 98445
6-82.3 mi
5
Franklin Pierce High School
11002 18th Ave E, Tacoma, WA 98445
9-122.2 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. 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 Get Price Alerts and Save Property

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

Tax History for 5114 112th St E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,034
2%
$563,800
—
2024
$5,903
3%
$563,800
—
2023
$5,733
3%
$563,800
15%
2022
$5,587
9%
$490,300
16%
2021
$5,110
4%
$421,600
10%
2020
$4,903
89%
$381,700
109%
2018
$2,601
—
$182,300
14%
2018
$2,601
8%
$160,300
14%
2017
$2,405
6%
$141,100
9%
2016
$2,262
17%
$129,900
16%
2014
$1,940
—
$112,200
8%
2014
$1,940
—
$104,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Kyle Milton | Better Homes and Gardens RE PC | (253) 435-5500

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5114 112th Street E, Tacoma, WA 98446 (MLS# 1894109) is a Multi-Family property with a lot size of 9.36 acres. 5114 112th Street E is currently listed for $6,750,000 and was received on March 01, 2022. 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.

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