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Listed price in listed location currency (USD).
$625,000

421

MLS® 2464306

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1870 sqft
Garage Yes
Taxes $5,446
Days Active 320
Lot Size 0.1865 acres
Approx. Age 1920
Avg. Price Per Sqft $334
MLS® Number 2464306

Property Address: 2120 S J St, Tacoma, WA, 98405-3828

Average square foot calculated using Size range provided by listing agent.

Description

Rare shovel-ready, fully permitted 20-unit multifamily development opportunity with approved plans included, allowing developers to begin construction immediately in one of Tacoma’s strongest urban corridors. The seller is open to a joint venture structure or partial seller financing, creating flexible capital options for builders and investors. Approved for a 20-unit apartment building featuring efficiently designed one-bedroom units averaging approximately 450 SF, the project is designed for strong rental demand and qualifies for Tacoma’s 12-Year Multifamily Tax Exemption (MFTE), providing substantial 12-year property tax savings on residential improvements. Ideally located just minutes from UW Tacoma, four minutes to downtown Tacoma, and only two blocks from the Tacoma Link light rail, creating a compelling transit-oriented multifamily development opportunity near major employers, education, and urban amenities. The site also offers views of Mount Rainier and the Tacoma skyline, further enhancing tenant appeal. Few fully entitled multifamily development sites remain in this rapidly growing Tacoma corridor, making this a compelling opportunity for developers seeking a ready-to-build project in a high-demand location. Renderings shown are of the approved project and do not represent current site conditions.
MLS® Number2464306
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1865
Exterior
GarageYes
Approx. Age1920
Basement
DrivewayDetached Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Other:Main FloorNot available
Other:Main FloorNot available
Other:Second FloorNot available
Other:Main FloorNot available
Other:Main FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

May 2, 2025List Date
$625,000List Price
  • Commute

Commute

Starting Address
Destination Address
2120 S J St, Tacoma, WA

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