2029 S 8th Street, Tacoma, WA 98405

Property 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.

Listing Status:

Active

Data Last Updated:

August 27, 2026 at 5:22AM

Listing Office:

Windermere Real Estate/Summit : 206-410-6610

Listing Agent:

Ricardo Mendes : 206-410-6610

MLS ID:

2550405

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Construction

• General: 40 - Res-Less thn 1 Ac

Location

• Road/Access: Paved
• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Tacoma
• County: Pierce

Lot

• Topography: Level
• Zoning: 3830200230

Utilities

• Utilities: Electricity AvailableNatural Gas Available
• Water: In Street
• Sewer: In Street

Financial

• Source: nwmls