Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by:Windermere Real Estate/Summit • Ricardo Mendes

$325,000

Est. payment - /mo

4,312 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Central Tacoma

MLS Listing ID 2550405

Style 40 - Res-Less thn 1 Ac

Annual Tax Amount $2,679

Lot Size 4,312 Sqft

Property Sub-Type Land

Property Description

Attention builders, developers, and high-yield investors: This is a premier urban infill opportunity you cannot afford to miss. Located in Tacoma's highly coveted URX zone with zero base lot line limits, this parcel is fully optimized to maximize your rentable footprint. A formal City pre-application review is already complete for a 20-unit Efficiency Dwelling Unit (EDU) development, with 12-unit traditional options also vetted. Architectural layouts are available. EDUs eliminate the need for standard parking, allowing for a 100% focus on high-yield, income-generating units. The financial upside here is unmatched. The site fully qualifies for Tacoma's powerful Multifamily Property Tax Exemption (MFTE) program, unlocking a lucrative 8-, 12-, or 20-year property tax exemption to maximize your net operating income (NOI) from day one. Rental velocity is supported by an exceptional location with premier walkability—situated just blocks from the Hilltop District T-Line light rail station and minutes from the massive Hilltop medical employment hub, including Tacoma General and St. Joseph Medical Center. Boundary and topography surveys are complete and included. Infill plays of this caliber are rare—act fast to secure this high-margin project. Buyer to verify all information to their satisfaction.

Location

State WA

County Pierce

Area 27 - Central Tacoma

Interior

Fireplace false

Exterior

Utilities Available Electricity Available, Natural Gas Available

View Y/N No

Building

Lot Description Alley, Paved, Sidewalk

Sewer In Street

Water In Street

Schools

Elementary Schools Bryant

Middle Schools Hilltop Heritage Middle

High Schools Foss

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby School & Business

Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

2029 S 8th ST Tacoma, WA 98405

Discover Northwest Realty - Land

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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