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Listing courtesy of NWMLS / Keller Williams Rty Tacoma

2502 S 40th Street

Tacoma, WA 98409

2 beds
2 baths
1,326 sqft
~1/2 acre lot
$414 per sqft
1951 build

Prime development opportunity in Tacoma! Just shy of half an acre and zoned UCX (Urban Center Mixed-Use), this secluded property offers endless potential for multi-family housing or apartment construction in one of the city's fastest-growing areas. Conveniently located near transit, shopping, dining, and major employers, this lot is primed for future growth. The UCX zoning allows for higher density and a range of residential and commercial uses—don’t miss your chance to invest in Tacoma’s growing urban core! An existing home and shop on the property provides immediate rental income potential while you finalize your development plans.

Listing courtesy of NWMLS / Keller Williams Rty Tacoma

Last checked: Checking… • Last updated Jun 13, 2025 •

MLS# 2390249 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1917
Year Built:

1951
Year Built Source:

Public Records
New Construction:

false
Building Information:

Built On Lot
Structure Type:

House
Architectural Style:

Traditional
Roof:

Composition
Entry Location:

Main
Foundation Details:

Pillar/Post/Pier, Poured Concrete
Basement:

None
Security Features:

Partially Fenced
Exterior Features:

Wood
Building Area Total:

1326
Building Area Units:

Square Feet
Calculated SqFt:

1326
SqFt Source:

Assessor
Construction Materials:

Wood
Direction Faces:

North

Interior

Interior Features:

Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, Water Heater
Living Area:

1326
Flooring:

Vinyl, Vinyl Plank, Carpet
Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Wood Burning
Main Level Fireplace:

1
Finished SqFt:

1326

Financial & Terms

Possession:

Closing

Location

Latitude:

47.220763
Longitude:

-122.469806
Directions:

From S 38th St turn on S Steele St towards Mall, 1st Right on S 41st St, continue up hill to the right, go around the corner and it is right at the end of the bend. Will see a mailbox that says 2502.

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Fair
Parcel Number:

4647000080
Lot Features:

Paved, Secluded, Value In Land
Lot Size Units:

Square Feet
Lot Size Acres:

0.4463
Lot Size SqFt:

19440
Lot Size Source:

Assessor
Zoning Jurisdiction:

City
Land Lease:

false
View:

City
View:

true
Waterfront:

false
Topography:

Partial Slope
Vegetation:

Garden Space, Wooded
Zoning:

UCX
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

4229

Beds

Bedrooms Total:

2
Bedrooms Possible:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2
Baths:

1.5
Full Baths:

1
Half Baths:

1
Main Full Baths:

1
Main Level Bathrooms:

2
Main Half Baths:

1
# of Bathtubs:

1

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Company:

Tacoma Public Utilities
Water Heater Location:

Utility Room
Water Heater Type:

Electric
Water Source:

Public
Sewer:

Septic Tank
Sewer Company:

Septic
Power Company:

Tacoma Public Utilities
Cable Connected:

Xfinity

Appliances

Appliances:

Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
Appliances Included:

Dishwasher(s),Refrigerator(s),Stove(s)/Range(s)

Schools

Elementary School:

Reed
Middle Or Junior School:

Giaudrone Mid Sch
High School:

Foss
High School District:

Tacoma

The Community

Subdivision Name:

Tacoma Mall
Senior Community:

false
Bus Line Nearby:

true
Bus Route Number:

3
Association:

false

Parking

Parking Total:

2
Parking Features:

Detached Garage
Open Parking:

false
Garage:

true
Garage Spaces:

2
Attached Garage:

false
Garage SqFt:

832
Carport:

false
Covered Spaces:

2

Listing courtesy of NWMLS / Keller Williams Rty Tacoma

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Wed Jun 18 2025 07:40 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Monthly cost estimate

Asking price

$549,000

Expense	Monthly cost
Mortgage	$2,939
Taxes	$352
Insurance	$150
Utilities	$105 See report
Total	$3,546/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
6/12/25 Jun 12, 2025	Pending	NWMLS	$549,000
6/12/25 Jun 12, 2025	Listed / Active	NWMLS	$549,000

40% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $15k above asking price on average, but some went as high as $51k over asking price.

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This house located in South Tacoma, Tacoma, WA 98409 is currently pending sale for $549,000. 2502 S 40th Street is a 1,326 square foot house with 2 beds and 2 baths. 2502 S 40th Street is in the South Tacoma neighborhood of Tacoma and has a WalkScore® of 69, making it somewhat walkable.

Listing courtesy of NWMLS / Keller Williams Rty Tacoma

Disclaimer: The information contained in this listing has not been verified by Keller Williams Rty Tacoma and should be verified by the buyer.