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About the Listing 1794 - 93955
Shovel-ready 20-unit multifamily development site in one of Tacoma’s strongest urban corridors, with seller open to joint venture structure or partial seller financing, creating flexible capital options for developers. Located just minutes from UW Tacoma, 4 minutes to downtown, and only two blocks to the Tacoma light rail, the site offers exceptional transit access and strong long-term rental demand fundamentals. Fully permitted for a 20-unit apartment building consisting of efficiently designed one-bedroom units averaging approximately 450 SF each and approved for Tacoma’s 12-Year Multifamily Tax Exemption (MFTE), providing substantial property tax savings on residential improvements. The property features excellent views of Mount Rainier and the Tacoma skyline and presents a rare opportunity to build immediately in a high-demand location near major employers, education, transit, and urban amenities. Renderings shown are of the approved project and do not represent current site conditions.
Listing Highlights
Status
Active
Days on Site
61
Property Type
Residential
MLS ®
2464306
Year Built
1920
Total Square Footage
1,870
Lot/Acreage
0.19
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Master on Main
- Water: Public
Exterior Details
- Lot Description: Built On Lot
- Garage Capacity: N/A
- Parking Spaces: 1
- Roof: Composition
- Others: Wood
- Sewer: Sewer Connected
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $5,446
- Taxes w/Assessments: N/A
- Tax/Property ID: 7685001540
- Tax Year: 2025
Payment Calculator
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Questions About..
2120 S J St Tacoma, WA 98405
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