South Tacoma Homes with 42 - Multi-Family Style

Welcome to South Tacoma, a vibrant and diverse neighborhood nestled in the heart of Tacoma, Washington. Known for its rich history and community spirit, South Tacoma offers a unique blend of urban amenities and suburban charm, making it an ideal place for families, professionals, and investors alike.

One of the standout features of South Tacoma is its accessibility. With major highways and public transportation options nearby, commuting to downtown Tacoma or even Seattle is a breeze. The neighborhood is also surrounded by an array of parks, shopping centers, and dining options, providing residents with everything they need within arm’s reach. Whether you’re exploring the beautiful greenery of South Tacoma Park or indulging in local cuisine at one of the many eateries, there’s always something to do.

For those interested in multi-family housing, South Tacoma presents an exciting opportunity. The area is known for its diverse multi-family homes, which cater to a variety of lifestyles. With properties ranging from charming duplexes to modern apartment complexes, there’s a perfect fit for everyone. Investing in multi-family homes here not only offers potential rental income but also the chance to be part of a thriving community that values connection and collaboration.

In South Tacoma, you’ll find a welcoming atmosphere that celebrates diversity and fosters a sense of belonging. With its rich cultural tapestry and a bright future ahead, this neighborhood is not just a place to live; it’s a place to thrive. Come explore South Tacoma and discover the perfect multi-family home that suits your needs!

Newest South Tacoma Homes with 42 - Multi-Family Style

$799,000

2594232 MLS ⋅ ACTIVE Status

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

2302 S G Street Unit #1-13, Tacoma

Listing Broker: Skyline Properties, Inc.; Donna Marshall; 425-422-0954; mdonnam44@gmail.com

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