Prime development opportunity in Tacoma! Just shy of half an acre and zoned UCX (Urban Center Mixed-Use), this secluded property offers endless potential for multi-family housing or apartment construction in one of the city's fastest-growing areas. Conveniently located near transit, shopping, dining, and major employers, this lot is primed for future growth. The UCX zoning allows for higher density and a range of residential and commercial uses—don’t miss your chance to invest in Tacoma’s growing urban core! An existing home and shop on the property provides immediate rental income potential while you finalize your development plans.
Sold
Listed by: Keller Williams Rty Tacoma
Bought with: Bentley Properties
$549,000
2502 S 40th Street, Tacoma, WA 98409
2beds
1,326sqft
Single Family Residence
Built in 1917
0.45 Acres Lot
$540,100 Zestimate®
$414/sqft
$2,429 Estimated rent
Home value
$540,100
$502,000 - $578,000
$2,429/mo
Zestimate® history
Owner options
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$2,429/mo
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$2,429/mo
Rent Zestimate®
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$3,328/mo
Est. payment
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$3,328/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Gary Ellis,
Keller Williams Rty Tacoma,
Mark W. Johnson,
Keller Williams Rty Tacoma
Bought with:
George Moorhead, 2390
Bentley Properties
Source: NWMLS as distributed by MLS GRID,MLS#: 2390249
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Baseboard, Electric, Pellet
Cooling
- None
Appliances
- Included: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s), Water Heater: Electric, Water Heater Location: Utility Room
Features
- Ceiling Fan(s), Dining Room
- Flooring: Vinyl, Vinyl Plank, Carpet
- Windows: Double Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,326
- Total interior livable area: 1,326 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, Water Heater
- Has view: Yes
- View description: City
Lot
- Size: 0.45 Acres
- Features: Paved, Secluded, Value In Land, Cable TV, Fenced-Partially, High Speed Internet, Shop
- Topography: Partial Slope
- Residential vegetation: Garden Space, Wooded
Details
- Parcel number: 4647000080
- Zoning: UCX
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fair
- Year built: 1917
- Major remodel year: 1951
Utilities & green energy
- Electric: Company: Tacoma Public Utilities
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: Tacoma Public Utilities
- Utilities for property: Xfinity, Xfinity
Community & neighborhood
Location
- Region: Tacoma
- Subdivision: Tacoma Mall
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 209 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2026 | Listing removed | $2,300$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/24/2025 | Listed for rent | $2,300$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/31/2025 | Sold | $549,000$414/sqft |
Source:  NWMLS as distributed by MLS GRID #2390249 Report a problem | ||
| 6/13/2025 | Pending sale | $549,000$414/sqft |
Source: NWMLS as distributed by MLS GRID #2390249 Report a problem | ||
| 6/12/2025 | Listed for sale | $549,000$414/sqft |
Source: NWMLS as distributed by MLS GRID #2390249 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,229 -2.2% | $388,400 |
| 2023 | $4,324 +7.2% | $388,400 |
| 2022 | $4,034 +67% | $388,400 +84.8% |
| 2021 | $2,415 +5.7% | $210,200 +9.4% |
| 2019 | $2,285 -9.1% | $192,200 +9.5% |
| 2018 | $2,514 +12.6% | $175,600 +10.4% |
| 2017 | $2,233 | $159,000 +23.9% |
| 2016 | $2,233 | $128,300 |
| 2014 | $2,233 +91.8% | $128,300 -5% |
| 2013 | $1,164 | $135,000 +1.8% |
| 2012 | -- | $132,600 -5.3% |
| 2011 | -- | $140,000 -31.2% |
| 2010 | -- | $203,400 |
Find assessor info on the county website
Neighborhood: South Tacoma
Nearby schools
GreatSchools rating
- 2/10Reed Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Angelo Giaudrone Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Foss High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Reed
- Middle: Giaudrone Mid Sch
- High: Foss
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$540,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$540,100
- Washington
- Pierce County
- Tacoma
- 98409
- South Tacoma
- 2502 S 40th Street
Nearby cities
Nearby neighborhoods
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