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$950,000
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Property Description
***Price Reduction -$280K** Excellent and rare investment or owner user opportunity located in the heart of Tacoma's revitalized Lincoln District. Proforma CAP 7.45%. Potential redevelopment opportunity w/multi-use zoning and multiple new development sites nearby within revitalized Lincoln District. Horsfall mixed-use comm building comprised of total of 13 units, three retail spaces & attached warehouse on main level, on 2nd level, six studio apartments and three SEDUs with opportunity to change either the floorplan or unit mix during renovation. Great proforma income w/ 2nd floor resi buildout & retail lease potential. Designated parking behind building. Conveniently located minutes to Tacoma Mall, T-Mobile, & more! Property sold "As Is"
Full Property Details
Full Property Details for 809 S 38th St
General
- Sold For: $950,000
- Taxes: $7,053 (2024)
- Status: Closed
- Type: Retail
- Source: NWMLS
- MLS ID: 2284856
- Added to Site: 505 day(s) ago
Interior
- Flooring: Concrete, Softwood, Vinyl, Carpet
Parking
- Uncovered Spaces: 16
Location
- Area: 54 - South Tacoma
- County: Pierce
- Subdivision: Lincoln
- Driving Directions: Heading west on S 38th St., Horsfall building will be on your right.
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Retail
- Exterior Const.: Brick
- Foundation: Poured Concrete
- Roof: Composition, Flat
- Ceiling Height: 12 ft.
- Office: 15,720 Sq. Ft.
- Warehouse: 1,660 Sq. Ft.
- Year Built: 1916
Lot Features
- Lot Size (Acres): 0.2984
- Lot Size (Sq. Ft.): 13,000
- Lot Size Source: King County Records
- Topography: Level
- Zoning: Multi-Family, Office, Retail
Financial Considerations
- Tax Amount: $7,053
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: None
- Surveyed: false
- Property ID: 8935015110
- Block: 8718
- Lot Number: 17, 18, 19, 20
Listed by Tammie Tom-Freeman | Venture Real Estate Group LLC | (425) 531-7966
Sold by Unrepresentd ZDefault | ZNonMember-Office-MLS
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Schools
Schools serving 809 S 38th St
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
Whitman Elementary School, Tacoma, WA 1120 South 39th Street, Tacoma, WA 98418 | PK-5 | 0.3 mi |
Angelo Giaudrone Middle School 4902 South Alaska Street, Tacoma, WA 98408 | 6-8 | 1.1 mi |
Lincoln High School, Tacoma, WA 701 South 37th Street, Tacoma, WA 98418 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 809 S 38th St
Date
Details
Price
Change
Source
12/10/2025
Sold
$950,000
-25.14%
MLS
1/29/2025
Price Reduced
$1,269,000
-18.13%
MLS
8/30/2024
Listed
$1,550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
809 S 38th Street, Tacoma, WA 98418 (MLS# 2284856) is a Retail property that was sold at $950,000 on December 10, 2025. Want to learn more about 809 S 38th Street? Do you have questions about finding other Retail real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

