$799,000
 $4,289 est/mo Sourced by Back At You

2302 S G Street 1-13,Tacoma, WA 98405

Tacoma, WA 98405

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Description

Fully Approved 13-Unit Development Opportunity | Tacoma Shovel-ready infill project with zero entitlement risk. City building & site development permits are fully approved-just pay issuance fees, attend one pre-con meeting, and pull permits to break ground.Project Highlights: Lot: 4,563 SF corner parcel at S G & S 23rd St; Downtown Residential (DR) zoning, zero yard setbacks & alley access Program: 13 units (4 studios, 9 one-bedrooms) totaling 6,244 net SF Structure: 4-story Type VA wood-frame, R-2 occupancy, NFPA 13R fire suppression Permits: Approved Graves architectural set (BLDCN23-0082, SDEV23-0391, WO23-0145) Tax Advantage: Eligible for Tacoma's 12-Year MFTE property tax exemption, boosting stabilized NOI The Numbers: Hard costs track well below King County at ~$210-$255/gross SF Strong demand from UW Tacoma, MultiCare, Port of Tacoma & JBLM Projected gross rent: $20,500-$22,500/mo at ~95% occupancy (Studios: $1,250-$1,400 | 1-BD: $1,550-$1,850)Entitlement Risk Removed: Architectural review, SEPA, civil engineering, and city planning cycles are complete. Eliminate the soft-cost burn and step directly into vertical execution.Mminutes from the Tacoma Dome and Downtown core. Quick access to I-5, Hwy 16, the Tacoma Link Light Rail extensions, and the Sounder Train at Tacoma Dome Station. 1-2 miles of University of Washington Tacoma (UWT), MultiCare Tacoma General Hospital, St. Joseph Medical Center.Walkable urban hub.permitted plans included in price

Details

MLS #2594232
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site20
Listing Provided BySkyline Properties, Inc. | Donna Marshall

Features

ZoningDR
Acreage0.10
Property ViewYes

Area Information

StateWA
CountyPierce
CityTacoma
Zip Code98405
Area45 South Tacoma
Community NameSouth Tacoma
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in South Tacoma)
Price:
$799,000
low | high
Med:
$420,000
97.434292866083% of Average
On site:
20
low | high
Med:
55
36.363636363636% of Average
Sourced by Back At You

Market Activity 98405

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Learn More About This Property

StateWA
CountyPierce
CityTacoma
Zip Code98405
Area45 South Tacoma
Community NameSouth Tacoma
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in South Tacoma)
Price:
$799,000
low | high
Med:
$420,000
97.434292866083% of Average
On site:
20
low | high
Med:
55
36.363636363636% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $599K - $998K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2325 G Street Property Photo 1
$849,999
2325 G Street
Tacoma, WA 98408
Listing Updated: October 16, 2026 at 6:25:21 AM PDT