Huge price improvement! Fully permitted 20 unit apartment site!!! Multifamily development site available in Tacoma, just up the street from UW Tacoma and only a 4-minute drive to downtown. The light rail is just two blocks away, offering excellent transit access. The project is fully permitted for 20 one-bedroom apartments averaging 450 square feet each and is approved for the 12-year Multifamily Tax Exemption (MFTE), providing significant long-term property tax savings. The site offers excellent views of Mount Rainier and the Tacoma skyline, making it a rare opportunity to build immediately in a prime location near major employers, transit, and amenities in a growing urban market. Renderings are of the project and not what is currently on site.
Listing Provided Courtesy of Tim Bower, Berkshire Hathaway HS NW
General Information
NWM2464306
Single Family Residence
266
DOM
4
8123.94 SqFt
2
1870
1920
Pierce
Residential
Single Family Residence
Listing Provided Courtesy of Tim Bower, Berkshire Hathaway HS NW
Krishna Realty data last checked: Feb 22, 2026 04:09 | Listing last modified Jan 24, 2026 03:41,
Source:
Huge price improvement! Fully permitted 20 unit apartment site!!! Multifamily development site available in Tacoma, just up the street from UW Tacoma and only a 4-minute drive to downtown. The light rail is just two blocks away, offering excellent transit access. The project is fully permitted for 20 one-bedroom apartments averaging 450 square feet each and is approved for the 12-year Multifamily Tax Exemption (MFTE), providing significant long-term property tax savings. The site offers excellent views of Mount Rainier and the Tacoma skyline, making it a rare opportunity to build immediately in a prime location near major employers, transit, and amenities in a growing urban market. Renderings are of the project and not what is currently on site.
