Listed by Nisha A Tomar, Lee & Associates Commercial RE
- Land
- Type
- 24,750 sq ft
- Lot
- 40
- Days on market
About this property
Shovel-ready 48-unit multifamily development site in the heart of the South Tacoma Business District. Offered at $888,000, or $18,500 per planned unit, the 0.568-acre site is in an Opportunity Zone and comes with architectural plans and Multifamily Tax Exemption (MFTE) approval. Across from the public library and near neighborhood restaurants, shops and transit. Convenient access to Sounder commuter rail at South Tacoma Station and shopping and dining at Tacoma Mall. Pedestrian, bicycle and transit access improvements around the station are targeted for completion by 2030.
Location & commute
Add a destination, like work or the gym, for directions and drive time.
Jeff's Neighborhood Guide
Get to know the South Tacoma area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2599414
- Listed
- September 25, 2026
- Days on market
- 40
Construction
- Style
- 42 - Multi-Family
- Structure
- None
Lot
- Lot features
- PavedSidewalk
- Lot size
- 24,750 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity AvailableNatural Gas Available
- Water
- In Street
- Sewer
- In Street
Schools
- District
- Tacoma
Listing history
Listed
$888,000
September 25, 2026
Derived from current MLS listing fields.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$5,171
- Principal & interest
- $4,490
- Property tax (est.)
- $681
Assumes $177,600 down (20%), a $710,400 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of November 4, 2026 at 4:40 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.