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.

Location

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Basics

Property type: Land
Style: Multi-Family
Lot size: 15,625 sq ft (0.36 acres)
County: Pierce
MLS #: NWM2575393

Interior

Heating: None
Cooling: None

Exterior & lot

View: City, Mountains, Territorial
Waterfront: No

Utilities

Water: Available
Sewer: Available
Utilities: Electricity Available, Natural Gas Available

Community & fees

Subdivision: New Tacoma
Property tax: $7,968 (2026)

Transaction

Listed on: Aug 28, 2026
Days on market: 23
Listing terms: Cash, Lease Purchase
Possession: Closing

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Schools

School district: Tacoma

Elementary: Stanley
Middle: Hilltop Heritage Middle
High: Stadium High School
SchoolDigger 4 stars · Top 28% in WA

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Listing provided courtesy of: MLS4owners.com

Listing agent: Chris C. Nye.

Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-08-28.