$695,000
Est. $3,573/mo2123 Tacoma Avenue S, Tacoma, WA 98402
• Listed 2026-08-28•1 day on market
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Based on information submitted to the MLS GRID as of August 28, 2026 at 10:52am (date and time MLS GRID Data was obtained). 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.
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Rare Downtown Tacoma development opportunity! Approx. 1/3-acre site zoned WR (Warehouse/Residential), offering flexible potential for multifamily, mixed-use, retail, office, live/work and other permitted uses. Up to 100' building height and no minimum off-street parking requirement within Tacoma's Downtown Reduced Parking Area create excellent development efficiency. Just blocks from UW Tacoma and within walking distance of Sound Transit T Line stations, the site is well positioned for transit-oriented development. Qualifying multifamily projects may also be eligible for Tacoma's MFTE property-tax exemption program. Flexible zoning, strong transit access, proximity to UW Tacoma, and optional assemblage make this an exceptional investment or development opportunity. Buyer to verify zoning, development capacity, MFTE eligibility, parking, utilities and all other requirements.
Listed by Chris C. Nye • MLS4owners.com
Listing updated: August 28, 2026 at 10:52am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2575393
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2123 Tacoma Avenue S, Tacoma, WA 98402
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Tacoma is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 23 days.
$406,000 Sold
2 months ago
3 bd•1 ba•~1,405 sq ft•Single Family
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2%
Over list
—
Days on market
0.5 mi
Distance
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0%
Over list
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Days on market
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Distance
$2,650 Sold
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0%
Over list
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
Tacoma School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
