5436 S Puget Sound Avenue Tacoma, WA ^$ 888,000

5436 S Puget Sound Avenue

^$ 888,000

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Recently Listed

5436 S Puget Sound Avenue

Tacoma, WA, 98409

^$ 888,000

Bedrooms-- Baths0.0

Monthly Estimate*

^$ 6,133

Listed by Nisha A Tomar, Lee & Associates Commercial RE, 253-722-9203, ntomar@lee-associates.com

5436 S Puget Sound Avenue, Tacoma, WA 98409 - Image 1

5436 S Puget Sound Avenue, Tacoma, WA 98409 - Image 2

5436 S Puget Sound Avenue, Tacoma, WA 98409 - Image 3

5436 S Puget Sound Avenue, Tacoma, WA 98409 - Image 4

5436 S Puget Sound Avenue, Tacoma, WA 98409 - Image 5

5436 S Puget Sound Avenue, Tacoma, WA 98409 - Image 6

5436 S Puget Sound Avenue, Tacoma, WA 98409 - Image 7

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Lots and Land for sale in Tacoma, WA

for $888,000. The lot size is 0.5682.

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.

Lots and Land Active

Price

^$ 888,000

Property Type

Lots and Land

Taxes

^$ 0

Style

Multi-Family

Lot Size

0.5682

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2599414

Features

General

Living Area 0

Sewer In Street

Utilities Electricity Available Natural Gas Available

Possession Closing Negotiable

HOA Fee 0

Topography Level

Property Subtype Land

Tax Year 2026

County Pierce

Property Type Land

HOA N

Subdivision Name South Tacoma

Possible Use Business Commercial Multi-Family Office Retail See Remarks

Special Listing Conditions None

Status Active

Directions From 56th And South Tacoma Way Go East On 56th Left On Puget Sound Lot Is On The Left.

City Tacoma

Senior Community Y/N N

High School District Tacoma

Zoning Description Business Commercial Multi-Family Office Retail See Remarks

MLS Area 46 - South Tacoma

Lot Size Units Square Feet

Lot Size Square Feet 24750

Carport Y/N N

Listing Terms Cash Conventional

Public Remarks 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

Virtual Tour https://www.lee-associates.com/northwest/properties/?propertyId=1696369-sale&address=5436-South-Puget-Sound-Avenue&officeId=2900

Structure Type None

Building Area Units Square Feet

Standard Status Active

Property Features Brush

Gas Status In Street

Property Style 42 - Multi-Family

Interior

Total Fireplaces 0

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Baths Three Quarter Upper 0

Bedrooms Upper 0

Baths Half Upper 0

Baths Full Upper 0

Exterior

Lot Features Paved Sidewalk

Water Source In Street

Building Area Total 0

Lot Size Acres 0.5682

Road Surface Type Paved

Waterfront Y/N N

Irrigation Water Rights Y/N N

Internal Only

OriginalMLSID NWM2599414

Street Number 1 5436

* Excluded Features

List By

Nisha A Tomar

Listing Agent

Lee & Associates Commercial Re

Broker

ntomar@lee-associates.com

Affordability Calculator

$6,133

Per Month

Monthly Principal & Interest: $6,133
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Tacoma, WA

Average List Price ^$474,288

Percent of Sale Price 47%

About Tacoma, WA

214,955 Population

12% Since 2002

^$54,909 Median Income

37.66 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

256639 Elementary School

257487 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/4/2026	$888,000		Listed Price

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5436 S Puget Sound Avenue, Tacoma, WA, 98409 is a Lots and Land for sale at $888,000 with a lot size of 0.5682. 5436 S Puget Sound Avenue has 0.0 baths. The property's zip code is 98409 which is in Tacoma, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Northwest Multiple Listing Service

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northwest Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 11/7/2026.

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5436 S Puget Sound Avenue

Lots and Land for sale in Tacoma, WA

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