2302 S G Street #1-13, Tacoma, WA 98405 (MLS # 2594232)

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Listing provided courtesy of Northwest MLS<BR>Listing Broker: Skyline Properties, Inc. ; Donna Marshall; 206-522-3400 ; [email protected]

PRICE $799,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 4,566 sqft
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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

LAST UPDATED 10/15/2026 TRACT South Tacoma
YEAR BUILT 0 COMMUNITY South Tacoma
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AREA 45 - South Tacoma
HEAT None
LOT 4565 sq ft
LOT DESCRIPTION Corner Lot, Curbs, Paved, Sidewalk
MLS STATUS Active
STYLE 42 - Multi-Family
SUBDIVISION South Tacoma
UTILITIES Electricity Available, Natural Gas Available
VIEW Yes
VIEW DESCRIPTION City, Mountain(s), Territorial
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/30/26 9:01 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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