Listing courtesy of Windermere Real Estate/Summit.
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.
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 is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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