Rare shovel-ready, fully permitted 20-unit multifamily development site in a strong Tacoma urban corridor, with approved plans included for immediate construction and accelerated delivery. Seller is open to joint venture or partial seller financing, offering flexible options for builders and investors. Approved project includes 20 efficiently designed one-bedroom units (approx. 450 SF each), optimized for cost-effective construction. Approved 12-Year MFTE in place (fees paid), providing significant property tax savings on residential improvements. No known impact fees (buyer to verify). Conveniently located minutes to UW Tacoma and downtown, and two blocks from the Tacoma Link light rail, with proximity to major employers, transit, and urban amenities. Site offers potential views of Mount Rainier and the Tacoma skyline. One of the few remaining fully entitled multifamily development opportunities in the area.

Courtesy of NWMLS
Listing courtesy of Tim Bower of Berkshire Hathaway HS NW



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Last checked: 2026-03-25 12:58 PM PDT