2302 S G Street #32, Tacoma, WA 98405

Tacoma
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: donna marshall
Office: skyline properties, inc.
MLS#:2594232
Source:NWMLS
2302 S G Street #32,Tacoma, WA 98405
$799,000
  • 0.1 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$799,000

About this home

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...

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Home facts

  • Subdivision & Development:South Tacoma
  • Listing ID #:2594232
  • Updated:October 21, 2026 at 12:21 AM

Structure and exterior

  • Lot area:0.1 Acres
  • Lot Features:Corner, Curbed Lot, Paved, Sidewalk

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:In Street
  • Sewer:In Street

Finances and disclosures

  • Price:$799,000
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