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(253) 209-4200
Real Estate Company
2302 S G Street Unit #1-13, Tacoma, WA 98405
- $799,000
Listing Broker: Skyline Properties, Inc.; Donna Marshall; 425-422-0954; mdonnam44@gmail.com
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- 2594232
- Days on Market
- 0
- Lot Size (sq ft)
- 4,563
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
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Additional Information
- Community
- South Tacoma
- Style
- 42 - Multi-Family
- Zoning Jurisdiction
- City
- View
- City, Mountains, Territorial
- Sewer
- In Street
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Potential Terms
- Cash, Conventional
- Driving Directions
- GPS
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.