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About the Listing 7178 - 93542
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
Listing Highlights for 2302 S G Street 1-13
Status
Active
Days on Site
0
Property Type
Vacant Land
MLS ®
2594232
Year Built
Lot/Acreage
0.1
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Basement:
- Other:
- Water: In Street
Exterior Details
- Lot Description: Corner Lot,Curbs,Paved,Sidewalk,Zoning: Multi-Family
- Garage Capacity: N/A
- Zoning: Multi-Family
- Roof:
- Others:
- Sewer: In Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2805000390
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2302 S G Street 1-13 Tacoma, WA 98405
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