2029 S 8th Street #27, Tacoma, WA 98405

Tacoma
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: ricardo mendes
Office: windermere real estate/summit
MLS#:2550405
Source:NWMLS
2029 S 8th Street #27,Tacoma, WA 98405
$325,000
  • 0.1 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$325,000

About this home

Attention builders, developers, and high-yield investors: This is a premier urban infill opportunity you cannot afford to miss. Located in Tacoma’s highly coveted URX zone with zero base lot line limits, this parcel is fully optimized to maximize your rentable footprint. A formal City pre-application review is already complete for a 20-unit Efficiency Dwelling Unit (EDU) development, with 12-unit traditional options also vetted. Architectural layouts are available. EDUs eliminate the need for standard parking, allowing for a 100% focus on high-yield, income-generating units. The financial upside here is unmatched. The site fully qualifies for Tacoma’s powerful Multifamily Property Tax Exemption (MFTE) program, unlocking a lucrative 8-, 12-, or 20-year property tax exemption to maximize your net operating income (NOI) from day one. Rental velocity is supported by an exceptional location with premier walkability—situated just blocks from the Hilltop District T-Line light rail station...

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Home facts

  • Listing ID #:2550405
  • Updated:July 21, 2026 at 11:42 AM

Structure and exterior

  • Lot area:0.1 Acres
  • Lot Features:Alley, Paved, Sidewalk

Schools

  • High school:Foss
  • Middle school:Hilltop Heritage Middle
  • Elementary school:Bryant

Utilities

  • Water:In Street
  • Sewer:In Street

Finances and disclosures

  • Price:$325,000
  • Tax amount:$2,680 (2026)
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