Central Tacoma Craftsman Opportunity

Welcome to a remarkable piece of Tacoma’s history! This 1920 craftsman home, located at 2029-2033 S 7th St, Tacoma, WA, offers an incredible blend of historic charm and modern convenience. Spread across three levels and sitting on two parcels, this home provides a wealth of opportunities for homeowners, investors, and developers alike.

A Home with History and Potential

This craftsman home, currently functioning as a duplex, boasts 8 bedrooms and 4 bathrooms in total and could easily be converted into a triplex. Originally built in 1920 (don’t worry, major modernization updates were done in 1981), this home has an old charm and to it that you just can’t fabricate. The main level features original oak hardwood floors, craftsman trim work with wainscoting and , and an updated kitchen with granite countertops and stainless steel appliances. With 4 bedrooms and 2 bathrooms on the main level alone, there’s plenty of space to grow into.

Lower and Upper Levels: Versatility at Its Best

The fully finished basement adds even more versatility, with 2 additional bedrooms, 1 bathroom, a spacious living room, and a laundry room. There’s also a 147 sqft unfinished storage room, ready for a kitchen installation to create a third unit with its own exterior entrance.

Fully-finished basement, clocking in at 1,232 Sqft. This space has two bedrooms, a 3/4 bath, laundry room, spacious living room & unfinished storage space (ready to work together in adding a kitchen).

The second floor is a fully-equipped 2-bedroom, 1-bathroom ADU (Accessory Dwelling Unit) with a separate entrance, family room, full bathroom, full kitchen, and laundry units. This 938 sqft space is perfect for rental income, as it is currently occupied by tenants on a month-to-month basis.

Upper Level 2 bedroom ADU with separate entrance is about 940 Sqft, has it’s own laundry units, living room, full bath, and full kitchen.

Developers’ Dream

For developers, this property is a goldmine. The sale includes an additional vacant parcel (currently with a garage, ready for 3+ units in URX zoning.) totaling 9,650 sqft of land for both. The parcel with the detached garage currently has two covered parking spaces and can accommodate approximately six cars in the driveway.

The URX zoning and proximity to the bus stop make this property an ideal candidate for high-density development. This zoning encourages high density, making it perfect for new projects. Plus, the parcels are located in the City of Tacoma Tax Incentive for Multifamily Housing area, offering an 8-year or 12-year tax exemption on improvements. The proximity to a bus stop just half a block away also reduces or could eliminate off-street parking requirements per unit.

Prime Central Tacoma Location

Location is everything, and this home has it all in that regard. Situated just one block off the popular 6th Avenue, you’re close to schools, local eateries, and medical facilities. Downtown Tacoma, Ruston Way Waterfront, & the Stadium District are all easy to access amenities.

Tacoma General Hospital is only 0.8 miles away, and St. Joseph Medical Center is 1.5 miles away. Local Tacoma public schools like Heritage Middle School and upcoming NEW Bryant Elementary, the University of Puget Sound (1.1 miles), and UW Tacoma (1.9 miles) are all within easy reach.

NE Facing Aerial View of home and surrounding neighborhood, one block off 6th Avenue in Tacoma, WA

Features to Love

Original Oak Hardwood Floors
Craftsman Details: Wood Wrapped Windows & Doorways, Wainscoting, exterior flourishes, built-ins
Gas Fireplace in the Main living room
Updated Main Kitchen with Granite Countertops, Stainless Steel Appliances, & Gas Range for the chef in the family.
Updated Windows and Electrical
Front & Back Covered Decks

Main Level

1,494 Sqft | 4 Beds | 1.75 Baths

Basement

1,232 Sqft | 2 Beds | 1 Bath
~147 Sqft Unfinished Storage Room
Ready to add a Kitchen for a third unit with its exterior entrance

Upper Level

938 Sqft | 2 Beds | 1 Bath
Full Kitchen, Stackable Laundry Units, Separate Water Heater, and Electric Meter
BONUS: Current Tenants would prefer to stay and love living here.

A Neighborhood You’ll Love

The homeowners have cherished this spot, enjoying the vibrant neighborhood and central location. You’ll find fabulous locally-owned cafes, restaurants, and shops just a stone’s throw away. Living here means you’re part of a community that values history, convenience, and growth.

Don’t miss the chance to own a piece of Tacoma’s charm with endless potential. Whether you’re looking for a spacious home, rental income, or a development opportunity, this craftsman has it all. Contact Spencer Eiseman, your friendly and knowledgeable realtor, to schedule a viewing and explore the possibilities.

CHECK OUT THE FULL LISTING HERE

Spencer Eiseman, REALTOR | ABR, AHWD, C2EX

253-254-6044 or spencer@windermere.com