About this home

Rare Downtown Tacoma development opportunity! Approx. 1/3-acre site zoned WR (Warehouse/Residential), offering flexible potential for multifamily, mixed-use, retail, office, live/work and other permitted uses. Up to 100' building height and no minimum off-street parking requirement within Tacoma's Downtown Reduced Parking Area create excellent development efficiency. Just blocks from UW Tacoma and within walking distance of Sound Transit T Line stations, the site is well positioned for transit-oriented development. Qualifying multifamily projects may also be eligible for Tacoma's MFTE property-tax exemption program. Flexible zoning, strong transit access, proximity to UW Tacoma, and optional assemblage make this an exceptional investment or development opportunity. Buyer to verify zoning, development capacity, MFTE eligibility, parking, utilities and all other requirements.

Schools

Elementary

Stanley

Middle

Hilltop Heritage Middle

High

Foss

Property details

View: City, Mountains, Territorial
Water source: Available
Sewer: Available
Utilities: Electricity Available, Natural Gas Available

Costs

Annual taxes: $7,968 (2026)

Estimate your monthly payment

$4,178/mo

Principal & interest: $3,514
Property taxes: $664

Down payment (20%) $139,000 Interest rate (%) Loan term (years)

Loan amount $556,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Tacoma, WA 98402

Approximate location. Contact us to confirm the exact address.

Listing courtesy of MLS4owners.com— Chris C. Nye.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

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