Rare development opportunity in the Tacoma city limits! This 12,868 sq ft parcel is zoned UR-1 and offers outstanding potential for builders, investors or multi-family developers. Preliminary indications suggest the site may support approximately 6–8 units, creating flexibility for townhomes, cottages or other urban residential concepts (buyer to verify all development potential with the City of Tacoma). Conveniently located near shopping, schools, parks, transit and major commuter routes. Utilities available in the area and strong demand for housing make this a compelling opportunity for your next project. Whether you’re looking to build and hold or develop for resale, this property offers location, scale and upside in one of Tacoma’s growing residential markets.
Active
Listed by: Century 21 Blue Chip • Greg Pubols
Price cut: $20K (7/9)
$229,000
2504 S Steele Street, Tacoma, WA 98405
--beds
--baths
0.3Acres
Unimproved Land
Built in ----
0.3 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 53 days |
- 160 |
- 11 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Greg Pubols,
Century 21 Blue Chip
Source: NWMLS as distributed by MLS GRID,MLS#: 2529502
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 0.3 Acres
- Dimensions: 107' x 100' x 47' x 32' x 41' x 137'
- Features: Corner Lot
Details
- Parcel number: 4295001213
- Zoning: UR-1
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Not Available
- Sewer: In Street
- Water: In Street, Jurisdiction: TPU
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Tacoma
Location
- Region: Tacoma
Financial & listing details
- Tax assessed value: $256,500
- Annual tax amount: $2,798
- Date on market: 5/26/2026
- Cumulative days on market: 55 days
- Listing terms: Conventional
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$2,425/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Price change | $229,000-8% |
Source:  NWMLS as distributed by MLS GRID #2529502 Report a problem | ||
| 5/27/2026 | Listed for sale | $249,000 |
Source: NWMLS as distributed by MLS GRID #2529502 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,798 +4.8% | $256,500 +7.1% |
| 2023 | $2,671 -0.5% | $239,400 -7.2% |
| 2022 | $2,684 +13% | $257,900 +24.9% |
| 2021 | $2,374 +76.8% | $206,500 +69% |
| 2019 | $1,343 | $122,200 +18.9% |
| 2018 | -- | $102,800 +12.8% |
| 2017 | $2,876 +165.8% | $91,100 +31.5% |
| 2016 | $1,082 | $69,300 +11.8% |
| 2014 | $1,082 +110.3% | $62,000 +13.1% |
| 2013 | $515 | $54,800 -6.2% |
| 2012 | -- | $58,400 -21.5% |
| 2011 | -- | $74,400 -54% |
| 2010 | -- | $161,900 -15.7% |
| 2009 | -- | $192,100 -6.7% |
| 2008 | $2,409 +0% | $205,800 |
| 2007 | $2,409 +355.8% | $205,800 +572.5% |
| 2002 | $529 +3.3% | $30,600 -0.6% |
| 2001 | $512 | $30,800 +5.8% |
| 2000 | $512 | $29,100 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Central
Nearby schools
GreatSchools rating
- 2/10Stanley Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Hilltop Heritage Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Foss High SchoolGrades: 9-12Distance: 1.3 mi
- $335,0001 bd2 ba1.1k sqft2440 S Steele St S UNIT 102, Tacoma, WA 98405Off Market
- $380,1001 bd2 ba1.2k sqft2440 S Steele St S UNIT 107, Tacoma, WA 98405Off Market
- $450,0004 bd1 ba1.3k sqft2305 S 25th St, Tacoma, WA 98405Sold
- $375,0001 bd2 ba1.2k sqft2440 S Steele St UNIT 103, Tacoma, WA 98405Sold
- $449,9503 bd2 ba1.5k sqft2440 S Steele St UNIT 211, Tacoma, WA 98405For Sale
- $443,0002 bd2 ba1.5k sqft2440 S Steele St UNIT 311, Tacoma, WA 98405Sold
- $399,9502 bd2 ba1.2k sqft2440 S Steele St UNIT 303, Tacoma, WA 98405Sold
- $600,0002 bd2 ba1.9k sqft2440 S Steele St UNIT 205, Tacoma, WA 98405Sold
A local agent can set up tours, give advice and negotiate with sellers.
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