Shovel-ready 48-unit multifamily development site in the heart of the South Tacoma Business District. Offered at $888,000, or $18,500 per planned unit, the 0.568-acre site is in an Opportunity Zone and comes with architectural plans and Multifamily Tax Exemption (MFTE) approval. Across from the public library and near neighborhood restaurants, shops and transit. Convenient access to Sounder commuter rail at South Tacoma Station and shopping and dining at Tacoma Mall. Pedestrian, bicycle and transit access improvements around the station are targeted for completion by 2030.
Active
Listed by: Lee & Associates Commercial RE • Nisha A Tomar • 253-722-9203
$888,000
5436 S Puget Sound Avenue, Tacoma, WA 98409
--beds
--baths
0.57Acres
Unimproved Land
Built in ----
0.57 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- --
- on Zillow
- 19
- views
- 2
- saves
Zillow last checked:
Listing updated:
Listed by:
Nisha A Tomar 253-722-9203 ntomar@lee-associates.com,
Lee & Associates Commercial RE,
Candice Chevaillier 206-773-2696,
Lee & Associates Commercial RE
Source: NWMLS as distributed by MLS GRID,MLS#: 2599414
Facts & features
Interior
Property
Lot
- Size: 0.57 Acres
- Features: Paved, Sidewalk, Brush
- Topography: Level
Details
- Parcel number: 46595000050
- Zoning description: Business,Commercial,Multi-Family,Office,Retail,See Remarks,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: In Street
- Sewer: In Street
- Water: In Street
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: South Tacoma
Location
- Region: Tacoma
Financial & listing details
- Date on market: 11/4/2026
- Listing terms: Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2026 | Listed for sale | $888,000 |
Source:  NWMLS as distributed by MLS GRID #2599414 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: South Tacoma
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