Tacoma Homes with 42 - Multi-Family Style

Tacoma Homes with 42 - Multi-Family Style

Welcome to Tacoma, Washington—a vibrant city nestled in the heart of Pierce County, offering a unique blend of urban convenience and natural beauty. With its stunning views of Mount Rainier, picturesque waterfront, and rich cultural heritage, Tacoma is a hidden gem in the Pacific Northwest. This city boasts a thriving arts scene, highlighted by the Museum of Glass and the LeMay - America’s Car Museum, as well as a plethora of parks and outdoor recreational opportunities that make it an ideal place for families and individuals alike.

When it comes to housing, Tacoma offers a diverse array of options, including the increasingly popular multi-family style homes. These residences are perfect for those looking to invest in rental properties or seeking a community-oriented living experience. Multi-family homes in Tacoma are designed to accommodate multiple households, making them a smart choice for investors looking to capitalize on the city’s growing rental market.

Many of these properties are situated in prime locations, providing easy access to local amenities, public transportation, and the stunning natural landscapes that Tacoma is known for. With a range of styles and sizes, from charming duplexes to larger apartment complexes, there’s something to suit every taste and budget.

Whether you are a first-time homebuyer, a seasoned investor, or someone looking to create a multi-family living environment, Tacoma’s multi-family homes offer the perfect opportunity to embrace the city’s vibrant lifestyle while enjoying the benefits of community living. Explore the possibilities in Tacoma today, and discover your ideal home in this captivating city!

Newest Tacoma Homes with 42 - Multi-Family Style

2302 S G Street Unit #1-13, Tacoma
$799,000
2594232 MLS ⋅ ACTIVE Status
Fully Approved 13-Unit Development Opportunity | Tacoma Shovel-ready infill project with zero entitlement risk. City building & site development permits are fully approved—just pay issuance fees, attend one pre-con meeting, and pull permits to break ground.Project Highlights:• Lot: 4,563 SF corner parcel at S G & S 23rd St; Downtown Residential (DR) zoning, zero yard setbacks & alley access • Program: 13 units (4 studios, 9 one-bedrooms) totaling 6,244 net SF • Structure: 4-story Type VA wood-frame, R-2 occupancy, NFPA 13R fire suppression • Permits: Approved Graves architectural set (BLDCN23-0082, SDEV23-0391, WO23-0145) • Tax Advantage: Eligible for Tacoma’s 12-Year MFTE property tax exemption, boosting stabilized NOI The Numbers: • Hard costs track well below King County at ~$210–$255/gross SF • Strong demand from UW Tacoma, MultiCare, Port of Tacoma & JBLM • Projected gross rent: $20,500–$22,500/mo at ~95% occupancy (Studios: $1,250–$1,400 | 1-BD: $1,550–$1,850)Entitlement Risk Removed: Architectural review, SEPA, civil engineering, and city planning cycles are complete. Eliminate the soft-cost burn and step directly into vertical execution.Mminutes from the Tacoma Dome and Downtown core. Quick access to I-5, Hwy 16, the Tacoma Link Light Rail extensions, and the Sounder Train at Tacoma Dome Station. 1–2 miles of University of Washington Tacoma (UWT), MultiCare Tacoma General Hospital, St. Joseph Medical Center.Walkable urban hub.permitted plans included in price

2302 S G Street Unit #1-13, Tacoma

Listing Broker: Skyline Properties, Inc.; Donna Marshall; 425-422-0954; mdonnam44@gmail.com

2123 Tacoma Avenue S, Tacoma
$695,000
2575393 MLS ⋅ ACTIVE Status
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.

2123 Tacoma Avenue S, Tacoma

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

2505 Tacoma Avenue S, Tacoma
$220,000
2563565 MLS ⋅ ACTIVE Status
Prime Real Estate Opportunity in Vibrant Downtown Tacoma! Nestled within the thriving urban landscape, this 3,000 sq ft lot presents a rare opportunity for investors. Boasting a coveted WR Zoning classification for Multi-family, Commercial, Business, Retail Storefront and a dynamic Mixed-use Development. The property is in close proximity to an array of amenities including eateries, entertainment, transportation hubs, historic & cultural attractions. Commuting & connectivity are effortless, making it an ideal location for residents and business alike.

2505 Tacoma Avenue S, Tacoma

Listing Broker: Goldhouse Realty; Libby Williams; 253-202-5452; libby@goldhouserealty.com

1219 &1229 E 72nd, Tacoma
$899,900
2536502 MLS ⋅ ACTIVE Status
Prime Tacoma UR-3 Transit-Oriented Development Opportunity. Rare opportunity to acquire 2 contiguous parcels totaling approximately 21,000 sq ft in Tacoma’s desirable UR-3 Transit-Oriented Development (TOD) zone. Ideally positioned along a major transit and commercial corridor, this site offers exceptional redevelopment potential w/preliminary density estimates of approximately 28 base units & the possibility of up to 72 units through bonus density programs, subject to City approval, site feasibility, MFTE eligibility, parking, stormwater, fire access & other development standards. The property consists of 2 tax lots (15,000 sq ft & 6,000 sq ft) & may be suitable for apartments, condos, townhomes, mixed-use projects, multiplexes & other residential uses allowed under current zoning. Located adjacent to public transit & across from commercial services, restaurants, shopping & daily conveniences, the site offers a highly walkable lifestyle. Future residents may enjoy easy access to transportation, employment centers, retail & dining without relying heavily on personal vehicles. A single-family residence occupies the rear portion of the property & may be remodeled or removed depending on the buyer’s intended use. Value is primarily in the land & its significant development potential. Property addresses: 1219 E 72nd St & 1229 E 72nd St, Tacoma. Outstanding opportunity for developers & investors seeking strong density potential in a growing transit-served location.

1219 &1229 E 72nd, Tacoma

Listing Broker: RE/MAX Equity Group; Lorna Murray; 503-680-1221; LornaMurrayHomes@icloud.com

13617 A Street S, Tacoma
$1,600,000
2525374 MLS ⋅ ACTIVE Status
PRIME MULTI-FAMILY WORKFORCE DEVELOPMENT SITE. 12 YEAR exemption from the statewide rental cap. Outside the Tacoma Landlord Fairness Code area. 98 units ready for permitting. Zero market rate units under construction in this market. Development opportunity in Tacoma's South End comprising two parcels totaling 173,922 SF (±3.99 acres) with approximately 126,023 SF (±2.89 acres) of net developable area. The eastern portion along the Clover Creek corridor is preserved as a natural tree conservation buffer. Zoned NCOR , the site supports multi-family residential construction up to 45 feet in height. A 25% parking reduction has been secured through Transit-Proximity and Affordable Housing incentives, bringing the requirement down from 147 to 111 stalls and meaningfully improving project economics. The approved plan accommodates two multi-story buildings of up to four floors, served by a single driveway access off A Street, surface parking throughout, and an on-site stormwater infiltration system. Building B includes a ground-floor leasing office, mail room, and elevator; Building A includes an elevator niche in the south wing. All major utilities are accessible at the site via Parkland Light & Water (water and power), Pierce County (sewer), Puget Sound Energy (gas), and CenturyLink/Comcast (telecom and cable). The site falls within the Franklin Pierce School District #402 and is served by Central Pierce Fire & Rescue. buyer to verify all information to their satisfaction.

13617 A Street S, Tacoma

Listing Broker: Parkside Realty, LLC; Lisa Racca; 253-405-1791; lisa@lisaracca.com

421 E 46th Street, Tacoma
$229,000
2496133 MLS ⋅ ACTIVE Status
Don’t miss this rare chance to secure a prime development opportunity. Incredible properties like this are becoming harder to find and won’t stay on the market for long. Spanning an impressive 33,495 sqft, this versatile parcel is primed for your next residential or investment project. Zoned Urban Residential 1 (UR1), it offers exceptional flexibility allowing up to 6 dwelling units, including 2 ADU's, attached or detached. Even more compelling, recent updates under Home In Tacoma Phase 1 and state legislation open the door to lot flexibility and the potential for separate ownership of individual units. Developers will appreciate the potential to create new lots with a minimum size of just 2,500 sqft, as well as reduced setbacks including a possible 10-foot front setback (East side), maximizing buildable space. With the possibility of a Short Plat subdivision, this site could support up to twelve units, making it a standout investment opportunity. The property’s unique topography adds both value and appeal. Steep slopes to the North and West provide natural privacy, environmental protection benefits, and a beautiful tree canopy setting. Infrastructure is already within reach, with sewer access on the West side, storm systems on E 46th St, and power and water readily available. With flexible access options from the East, thoughtful site planning possibilities, and strong development potential, this property is a rare find.

421 E 46th Street, Tacoma

Listing Broker: Windermere Prof Partners; Bethany Jones; 253-686-3966; bethanyjones@windermere.com

6220 29th Street NE, Tacoma
$550,000
2472140 MLS ⋅ ACTIVE Status
Nice parcel of land in Tacoma with updated utility coordination. Sewer access will be coordinated through an adjoining parcel held by related ownership; final details are in progress. Verify all information with the City. Zoned C-1 (General Neighborhood Commercial District), which allows multifamily residential development under TMC 13.06.030. The site supports multifamily development based on zoning and confirmed utility availability. Approximately 175' of frontage provides strong visibility. Residential uses are appropriate, while vehicle service and alcohol-related uses may carry restrictions. Zoning and site characteristics may present a possible opportunity with qualified developers.

6220 29th Street NE, Tacoma

Listing Broker: Masterpiece Real Estate; Rick Engley; 253-459-3895; reconorthwest@gmail.com

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