$499,950
Est. $2,533/mo4 bd•2 ba•1,870 sq ft
2120 S J Street, Tacoma, WA 98405
• Listed 2026-03-25•3 days on market
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Rare, shovel-ready multifamily opportunity in one of Tacoma’s strongest urban corridors—fully permitted for a 20-unit development with no impact fees and a 12-year MFTE tax exemption already approved with fees paid, delivering meaningful savings and faster time to revenue. The approved plans feature 20 highly efficient one-bedroom units (450 SF each) totaling 8,900 SF of net rentable area, designed for cost-effective construction and clean underwriting. Located just minutes from UW Tacoma, downtown, and only two blocks from the Tacoma Link light rail, the site offers outstanding access to transit, employment, and amenities, with potential Mount Rainier and skyline views enhancing tenant appeal. One of the few remaining fully entitled sites in the area, with additional upside through alternative configurations—build five duplexes or retain the existing home and add two duplexes off of the alley.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
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Open Sun, Jun 14 +5$625,000
+$125,050 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $370K and $600K.
Rental earnings
$1,875/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$565,000Last sold price
2108 Martin Luther King Jr Way, Tacoma, WA 98405
$600,000Last sold price
1608 S M Street, Tacoma, WA 98405
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
2120 S J Street, Tacoma, WA 98405
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.
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of June 9, 2026 at 02:27pm (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Listed by Tim Bower • Berkshire Hathaway HS NW
Listing updated: June 9, 2026 at 02:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2497148
Open Sun, Jun 14 +5Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
$480,000 Sold
4 weeks ago
3 bd•1.5 ba•~1,558 sq ft•Single Family
2367 Yakima Court, Tacoma, WA 98405
2%
Under list
—
Days on market
0.2 mi
Distance
$215,000 Sold
6 weeks ago
•Single Family
705 S 9th Street #201, Tacoma, WA 98405
0%
Over list
—
Days on market
1.0 mi
Distance
$630,000 Sold
6 weeks ago
•Single Family
1610 S 23rd Street, Tacoma, WA 98405
1%
Under list
—
Days on market
0.4 mi
Distance
$402,000 Sold
7 weeks ago
5 bd•2 ba•~1,952 sq ft•Single Family
1807 S L Street, Tacoma, WA 98405
1%
Over list
—
Days on market
0.3 mi
Distance
$529,000 Sold
2 months ago
5 bd•1 ba•~2,356 sq ft•Single Family
618 S 15th, Tacoma, WA 98405
0%
Over list
—
Days on market
0.5 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 Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
