Description
Shovel-ready 20-unit multifamily development site in one of Tacoma’s strongest urban corridors, with seller open to joint venture structure or partial seller financing, creating flexible capital options for developers. Located just minutes from UW Tacoma, 4 minutes to downtown, and only two blocks to the Tacoma light rail, the site offers exceptional transit access and strong long-term rental demand fundamentals. Fully permitted for a 20-unit apartment building consisting of efficiently designed one-bedroom units averaging approximately 450 SF each and approved for Tacoma’s 12-Year Multifamily Tax Exemption (MFTE), providing substantial property tax savings on residential improvements. The property features excellent views of Mount Rainier and the Tacoma skyline and presents a rare opportunity to build immediately in a high-demand location near major employers, education, transit, and urban amenities. Renderings shown are of the approved project and do not represent current site conditions.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Berkshire Hathaway HS NW.
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Description
Shovel-ready 20-unit multifamily development site in one of Tacoma’s strongest urban corridors, with seller open to joint venture structure or partial seller financing, creating flexible capital options for developers. Located just minutes from UW Tacoma, 4 minutes to downtown, and only two blocks to the Tacoma light rail, the site offers exceptional transit access and strong long-term rental demand fundamentals. Fully permitted for a 20-unit apartment building consisting of efficiently designed one-bedroom units averaging approximately 450 SF each and approved for Tacoma’s 12-Year Multifamily Tax Exemption (MFTE), providing substantial property tax savings on residential improvements. The property features excellent views of Mount Rainier and the Tacoma skyline and presents a rare opportunity to build immediately in a high-demand location near major employers, education, transit, and urban amenities. Renderings shown are of the approved project and do not represent current site conditions.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.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 Tri-Cities Realty Group, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-03-10T23:14:59.393. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2026-03-10T23:14:59.393. 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.
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