Permits in hand 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 qualified 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. Building plans are available.
Listing Provided Courtesy of Tim Bower, Berkshire Hathaway HS NW
General Information
NWM2369857
Land
29
DOM
8123.94 SqFt
0
Pierce
Land
Land
Listing Provided Courtesy of Tim Bower, Berkshire Hathaway HS NW
Krishna Realty data last checked: Jun 08, 2025 17:02 | Listing last modified May 31, 2025 13:23,
Source:
Permits in hand 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 qualified 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. Building plans are available.
