5436 S Puget Sound Avenue · Tacoma, WA 98409
Source: NWMLS · Lee & Associates Commercial RE · Nisha A Tomar #NWM2599414
About this home
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.
Location
Basics
- Property type
- Land
- Style
- Multi-Family
- Lot size
- 24,750 sq ft (0.57 acres)
- County
- Pierce
- MLS #
- NWM2599414
Interior
- Heating
- None
- Cooling
- None
Exterior & lot
- Lot features
- Paved, Sidewalk
- Topography
- Level
- Waterfront
- No
Utilities
- Water
- In Street
- Sewer
- In Street
- Utilities
- Electricity Available, Natural Gas Available
Community & fees
- Subdivision
- South Tacoma
Transaction
- Listed on
- Sep 25, 2026
- Days active
- 40
- Listing terms
- Cash, Conventional
- Possession
- Closing, Negotiable
More homes nearby
Schools
School district: Tacoma
- High
- Foss High SchoolTop 98% in WA
Listing provided courtesy of: Lee & Associates Commercial RE
Listing agent: Nisha A Tomar.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-11-04.