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Listed by Berkshire Hathaway HS NW Tim Bower
$ 799,950
Est. payment | /mo
8,125 Sqft Lot
$ 799,950
Est. payment | /mo
8,125 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Hilltop
MLS Listing ID 2369857
Style 40 - Res-Less thn 1 Ac
Lot Size 8,125 Sqft
Property Sub-Type Land
Property Description
20 unit apartment site!!! 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.
Location
State WA
County Pierce
Area 30 - Central Tacoma
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Building
Sewer On Property
Water Available
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.