Listing courtesy of Berkshire Hathaway HS NW 206-244-6400
$574,999
Rare shovel-ready, fully permitted 20-unit multifamily development opportunity in one of Tacoma’s strongest urban corridors, with approved plans enabling immediate construction and accelerated delivery. Seller open to joint venture participation or partial seller financing, offering flexible structuring for builders and investors. Approved project includes 20 efficiently designed one-bedroom units (~450… Read More SF each), totaling approximately 8,900 SF of net rentable residential area, providing a highly efficient layout for cost-effective construction and streamlined underwriting. 12-Year MFTE exemption approved with fees paid, delivering significant property tax savings on residential improvements. No known impact fees (buyer to verify). Ideally located minutes from UW Tacoma and downtown, and just two blocks from the Tacoma Link light rail, with strong access to transit, major employers, and urban amenities. Potential Mount Rainier and Tacoma skyline views. One of the few remaining fully entitled multifamily development sites in the area. Read Less
Listing Snapshot
Cumulative Days On Market
333
Days on Website
12
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,870
Lot Size
0.19 Acres
Year Built
1920
Property Tax
$5,446
MLS Number
2497148
Days online/new listing status Based on first download from the MLS.
30 Days Snapshot Of 98405
$
+3%
(avg) list price
49
+16%
homes for sale
67
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Unfinished"
Building
Building Area Total: 2970, Building Area Units: Square Feet, Building Information: Built On Lot, Calculated Square Footage: 2970, Elevation Units: Feet, Entry Location: Main, Levels: "One and One Half", Living Area: 1870, Structure Type: "House", Year Built: 1920
Based on information submitted to the MLS GRID as of . 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. Listings last updated on ,
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