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Active · Residential Income

5210 S State Street , Tacoma, WA 98409

Tacoma, WA 98409

$699,000

— bedrooms · — bathrooms · 0 sq ft

Listing provided by Windermere Prof Partners · MLS #2580303 · Active

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About this property

A rare Tacoma redevelopment opportunity with enormous potential. This historic property offers an expansive nearly 3/4 acre lot with a 37 unit configuration, creating an exceptional canvas for an investor, developer, or visionary buyer. Currently vacant and in need of a complete renovation, this property is ready for someone to bring imagination, creativity and strategic vision to its next chapter. Listed on the Historic Register, the property offers distinctive character and architectural significance alongside incredible development potential. A conditional use permit will be required. Conveniently located near the Tacoma Mall, major freeways, restaurants, shopping, and everyday amenities, the location offers both accessibility and strong surrounding infrastructure. The combination of scale, location, historic character makes this a truly uncommon opportunity.

Property details

Property type
Multi Family
Year built
1914
Lot size
31,875 sq ft
Association dues
$0 · frequency not provided
Annual property tax
$8,292 (2026)
Parking spaces
0
School district
Tacoma
Northwest MLSMLS GRID

Listings courtesy of Northwest MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 10/6/2026, 9:56:41 PM Pacific. 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.

IDX information is provided exclusively for consumers’ personal, noncommercial use to identify prospective properties they may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Some IDX listings have been excluded from this website: search includes current Active, Active Under Contract, Pending and Coming Soon listings.

© 2026 Northwest MLS. All rights reserved. Report a listing accuracy or photo concern.

Enrique Pelayo Jr., designated broker at The Broker Team in Edmonds, WA

A REAL CONVERSATION. A CLEAR NEXT STEP.

You don’t have to figure it out alone.

Buying, selling, or weighing your options? Tell me what you’re considering. We’ll talk through where to start.

Enrique Pelayo Jr. · English & Spanishenrique@thebroker.team