2302 S G ST #1-13, Tacoma, WA 98405
2302 S G ST #1-13, Tacoma, WA 98405
2302 S G ST #1-13, Tacoma, WA 98405
2302 S G ST #1-13, Tacoma, WA 98405
2302 S G ST #1-13, Tacoma, WA 98405
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Melissa Villa

Melissa Villa

+1(206) 499-7818
Listed by:Skyline Properties, Inc. • Donna Marshall
$ 799,000
Est. payment | /mo

4,563 Sqft Lot

Save
$ 799,000
Est. payment | /mo
Save

4,563 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision South Tacoma

MLS Listing ID 2594232

Style 42 - Multi-Family

Lot Size 4,563 Sqft

Property Sub-Type Land

Property 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

Location

State WA

County Pierce

Area 45 - South Tacoma

Interior

Fireplace false

Exterior

Utilities Available Electricity Available, Natural Gas Available

View Y/N Yes

View City, Mountains, Territorial

Building

Lot Description Corner Lot, Curbs, Paved, Sidewalk

Sewer In Street

Water In Street

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Melissa Villa

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 499-7818

mmpnwrealty@gmail.com

15421 Main St E, Sumner, WA 98390, USA

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2302 S G ST #1-13