$325,000
 $1,745 est/mo Sourced by Back At You

2029 S 8th Street,Tacoma, WA 98405

Tacoma, WA 98405

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Description

Attention builders, developers, and high-yield investors: This is a premier urban infill opportunity you cannot afford to miss. Located in Tacoma's highly coveted URX zone with zero base lot line limits, this parcel is fully optimized to maximize your rentable footprint. A formal City pre-application review is already complete for a 20-unit Efficiency Dwelling Unit (EDU) development, with 12-unit traditional options also vetted. Architectural layouts are available. EDUs eliminate the need for standard parking, allowing for a 100% focus on high-yield, income-generating units. The financial upside here is unmatched. The site fully qualifies for Tacoma's powerful Multifamily Property Tax Exemption (MFTE) program, unlocking a lucrative 8-, 12-, or 20-year property tax exemption to maximize your net operating income (NOI) from day one. Rental velocity is supported by an exceptional location with premier walkability-situated just blocks from the Hilltop District T-Line light rail station and minutes from the massive Hilltop medical employment hub, including Tacoma General and St. Joseph Medical Center. Boundary and topography surveys are complete and included. Infill plays of this caliber are rare-act fast to secure this high-margin project. Buyer to verify all information to their satisfaction.

Details

MLS #2550405
Listing TypeFor Sale
Building NameFerrys C P 2nd
Sub-TypeResale
StatusActive
Days On Site81
Listing Provided ByWindermere Real Estate/Summit | Ricardo Mendes

Features

ZoningURX
Acreage0.10

Taxes

Property2679

Area Information

StateWA
CountyPierce
CityTacoma
Zip Code98405
Area27 Central Tacoma
Community NameCentral Tacoma
School DistrictFoss
Elementary SchoolBryant
High SchoolFoss
Listing VS Median (in Central Tacoma)
Price:
$325,000
low | high
Med:
$474,000
4.153846153846% of Average
On site:
81
low | high
Med:
5
100% of Average
Sourced by Back At You

Market Activity 98405

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Based on information submitted to the MLS GRID as of September 28, 2026 at 2:40:41 PM PDT. 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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Learn More About This Property

StateWA
CountyPierce
CityTacoma
Zip Code98405
Area27 Central Tacoma
Community NameCentral Tacoma
School DistrictFoss
Elementary SchoolBryant
High SchoolFoss
Listing VS Median (in Central Tacoma)
Price:
$325,000
low | high
Med:
$474,000
4.153846153846% of Average
On site:
81
low | high
Med:
5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $243K - $406K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
719 S Sprague Ave Property Photo 1
$460,000
719 S Sprague Ave
Tacoma, WA 98405
Listing Updated: September 22, 2026 at 12:56:36 AM PDT