5436 S Puget Sound Avenue, Tacoma, WA 98409

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Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com

List Price
$888,000
Status
ACTIVE
MLS#
2599414
Lot Size (sq ft)
24,750

Property Description

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.

Additional Information

Community
South Tacoma
Style
42 - Multi-Family
Zoning Jurisdiction
City
Features
Brush
Sewer
In Street
Tax Year
2026
School District
Tacoma
Potential Terms
Cash, Conventional
Driving Directions
From 56th And South Tacoma Way, Go East On 56th, Left On Puget Sound, Lot Is On The Left.
Based on information submitted to the MLS GRID as of . 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.
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