$695,000
Est. $3,850/mo2123 Tacoma Avenue S, Tacoma, WA 98402
• Listed Aug 28, 2026•27 days active · 27 cumulative
Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com
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Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com
About this home
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: September 24, 2026 at 06:10pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2575393
Around this home
How much should you offer?
2123 Tacoma Avenue S, Tacoma, WA 98402
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Multi-Family
Schools
Ratings via SchoolDiggerTacoma School District
- Stanley Elementary SchoolPublic · Grades PK-5 · State rank 1,068 of 1,1381/10
- Hilltop Heritage Middle SchoolPublic · Grades 6-8 · State rank 432 of 5142/10
- Foss High SchoolPublic · Grades 9-12 · State rank 376 of 3961/10
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.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.36 acres
- Lot square feet
- 15,625 sq ft
- Lot dimensions
- 119' x 131'
Zoning & use
- Zoning description
- Commercial
- Zoning jurisdiction
- City
- Possible use
- Commercial
- Restrictions
- Unknown
- Easements
- unknown
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- Available
- Gas
- Available
- Water
- Available
- Water jurisdiction
- City of Tacoma
- Sewer
- Available
Road & access
- Road responsibility
- County
- Road information
- County Maintained
- Road on which side
- West
Surveys & reports
- Survey
- 2018 Survey
- Public land survey
- 9/20/3
- Soil feasibility test
- No
- Soil test date
- n/a
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation type
- None
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $7,968
- Tax year
- 2026
- Financing
- Cash, Lease Purchase
- Seller disclosure
- Provided
- Preliminary title ordered
- No
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 2123 Tacoma Avenue S
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Aug 28, 2026ListedNWMLS via MLS Grid · #2575393$695,000
- Nov 24, 2025Recorded salePierce County recorder · Tax (treasurer's) deed$238,900
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$4,688 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com
Market pulse
Tacoma is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 52 days.
Recent sales nearby
Within 1 mile · last 6 months$790,000 Sold
8 weeks ago
•Single Family
409 S 30th Street, Tacoma, WA 98402
1%
Under list
137
Days on market
0.5 mi
Distance
$1,100,000 Sold
8 weeks ago
•Single Family
1129 Fawcett Avenue #A-D, Tacoma, WA 98402
4%
Under list
162
Days on market
0.7 mi
Distance
$406,000 Sold
4 months ago
3 bd•1 ba•~1,405 sq ft•Single Family
310 S 28th Street, Tacoma, WA 98402
2%
Over list
75
Days on market
0.5 mi
Distance
$1,199,950 Sold
5 months ago
•Single Family
1131 Fawcett Avenue #A-D, Tacoma, WA 98402
0%
Over list
62
Days on market
0.7 mi
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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 5:25 AM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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