Urban Development Land
For Sale
$499,950
4232 South 34th Street, Tacoma, WA 98409
A centrally located 1.03-acre Tacoma lot zoned UR-3, with completed feasibility and geotechnical studies for townhome or multifamily plans.
Property SizeContact for details
Lot Size1.03 Acres
Days on Market158
Property Features for 4232 South 34th Street
General Information
Standard status
Active
Lot size
1.03 Acres
Property subtype
Land
Zoning
UR-3
Additional Details
Highway Access
Yes
Amenities
0, 0, 0, 0
No
Listing Agency:
Realty Solution
(760) 814-0378
Listed By:
Bill Johnson · License #50058
(760) 814-0378
Source:
Compass
Added: Mar 18
Changed: Aug 8
Last Checked: Mar 25 at 11:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Solution
Investment Insights
Based on property information with market context.
This offering is for a 1.03-acre development site in Tacoma’s Madrona neighborhood, presented with flexible multifamily or townhome development potential. The property is zoned UR-3 (Mid-Scale Urban Residential). Based on the provided information, zoning allows up to approximately 120 units with density bonuses, and the buyer should verify development potential.
Access directions are provided from WA-16 Westbound via the Union Street exit, then Union Ave, Center St, Tyler St, and S 34th St to the site at 4232 South 34th Street.
A feasibility and geotechnical studies package was completed as of 3/15/2026. The current concept includes 36 two-bedroom units with garages, with an indicated unit size range of approximately 1,130 to 1,330 square feet, as shown in the attached renderings.
Access directions are provided from WA-16 Westbound via the Union Street exit, then Union Ave, Center St, Tyler St, and S 34th St to the site at 4232 South 34th Street.
A feasibility and geotechnical studies package was completed as of 3/15/2026. The current concept includes 36 two-bedroom units with garages, with an indicated unit size range of approximately 1,130 to 1,330 square feet, as shown in the attached renderings.
Key Highlights
- 1.03‑acre development site in Tacoma’s Madrona neighborhood, centrally located with easy access to major highways
- Zoned UR‑3 (Mid‑Scale Urban Residential), allowing up to ~120 units with density bonuses
- Feasibility and geotechnical studies completed (3/15/2026), supporting planned development
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - A centrally located 1.03-acre Tacoma lot zoned UR-3, with completed feasibility and geotechnical studies for townhome or multifamily plans.
Where is this residential land & home lot located?
The property is located at 4232 South 34th Street Tacoma, WA.
What is the asking price?
The asking price for this property is $499,950.
What are key features of this property?
This property features: 1.03‑acre development site in Tacoma’s Madrona neighborhood, centrally located with easy access to major highways; Zoned UR‑3 (Mid‑Scale Urban Residential), allowing up to ~120 units with density bonuses; Feasibility and geotechnical studies completed (3/15/2026), supporting planned development
