Rare, shovel-ready multifamily opportunity in one of Tacoma's strongest urban corridors"”fully permitted for a 20-unit development with no impact fees and a 12-year MFTE tax exemption already approved with fees paid, delivering meaningful savings and faster time to revenue. The approved plans feature 20 highly efficient one-bedroom units (450 SF each) totaling 8,900 SF of net rentable area, designed for cost-effective construction and clean underwriting. Located just minutes from UW Tacoma, downtown, and only two blocks from the Tacoma Link light rail, the site offers outstanding access to transit, employment, and amenities, with potential Mount Rainier and skyline views enhancing tenant appeal. One of the few remaining fully entitled sites in the area, with additional upside through alternative configurations"”build five duplexes or retain the existing home and add two duplexes off of the alley.
Property Type(s):
Single Family
|
Last Updated
|
4/16/2026
|
Tract
|
Hilltop
|
|
Year Built
|
1920
|
Community
|
Hilltop
|
|
County
|
Pierce
|
Price History
|
Prior to Apr 16, '26
|
$574,999 |
| Apr 16, '26 - Today |
$524,950 |
Additional Details
| AIR |
None |
| AREA |
30 - Central Tacoma |
| BASEMENT |
Unfinished, Yes |
| CONSTRUCTION |
Wood Siding |
| GARAGE |
Yes |
| HEAT |
Electric, Forced Air, Natural Gas |
| LOT |
8124 sq ft |
| LOT DESCRIPTION |
Alley |
| MLS STATUS |
Active |
| PARKING |
Driveway, Detached |
| STORIES |
1.5 |
| STYLE |
17 - 1 1/2 Stry w/Bsmt |
| SUBDIVISION |
Hilltop |
| TAXES |
5446 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/30/26 11:09 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This IDX solution is (c) Diverse Solutions 2026.
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