2320 S M Street Tacoma, WA 98405
MLS#2573701
Available for Purchase: $389,000
Home Represented by Jenny Wetzel w/ Windermere
Remarkable upside and versatility in developing this double lot in the Hilltop Neighborhood of Tacoma, WA. Take advantage of the already demoed, turn-of-the-century home, in a neighborhood with lifestyle conveniences and significant urban upgrades in the works. Convert the single family home into a duplex, and garage (with sewer, water and electricity already connected) into a stand alone mother-in-law suite. Furthermore, subdivide the lot and mirror the development of the existing structures: here you have BOTH a renovation and building opportunity. The City of Tacoma has begun their Street Traffic Safety Enhancement Project on S 25th Street which includes: bikes lanes, ADA curb ramps and pedestrian enhancement. Not only is this a property prime for lucrative improvement, the local community is surrounded by established recreation and education landmarks that thrive. Build your next home or add this property to your investment portfolio. This is the place and property to complete your next renovation.
Property Details: 2320 S M Street Tacoma
- 3 beds
- 1.75 baths
- 1,472 sf (finished) 216 sf (unfinished basement)
- Lot: 6,500 sf
- Built in 1904
- Detached 2-car garage. 483 sf w/ electrical, plumbing & Sewer
- Zoned URL2 (mid density)
If you are interested in learning more about the Street Traffic Safety Enhancement Project on S 25th Street . Click the link!
Oh the possibilities…
Let’s keep it simple; renovate the home and keep the garage as it is. There is a significant amount of equity to be made in just that. The property located at 2329 S M Street Tacoma, sold in April of 2026 for $550,000. However the lot was half the size and the home had no garage.
Take it a step further and you convert the garage into a tiny home. There is already electricity, water and sewer! The City of Tacoma now allows owners to subdivide secondary homes and sell them by themselves. This is called an in-unit subdivision. After converting the garage into a finished tiny home, you could sell it on its own individual parcel. If you did do this, you might be able to pay off your primary home and live debt free!
If you are looking for building opportunity, you could subdivide the lot into two (hamburger style) and both renovate and build.
There are a myriad of options here. All of which will allow you to build equity through this phenomenal real estate investment in Hilltop, Tacoma.
Are you looking to Buy or Sell a home in the Greater Tacoma Area?
Schedule a Consultation with Jenny Wetzel.
