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Cassidy Thomas

cassidy@1realty.com +1(360) 739-4784

Listed by:Berkshire Hathaway HS NW • Tim Bower

$499,950

Est. payment - /mo

4 Beds

2 Baths

2,970 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,970 sqft

Price per Sqft $168

Subdivision Hilltop

MLS Listing ID 2497148

Style 17 - 1 1/2 Stry w/Bsmt

Bedrooms 4

Full Baths 2

Year Built 1920

Annual Tax Amount $5,446

Lot Size 8,125 Sqft

Property Sub-Type Single Family Residence

Property Description

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.

Location

State WA

County Pierce

Area 30 - Central Tacoma

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Alley

Story One and One Half

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

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Cassidy Thomas

+1(360) 739-4784

Agent License ID: 132279

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2120 S J ST Tacoma, WA 98405

Cassidy Thomas

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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