PRIME MULTI-FAMILY DEVELOPMENT SITE. 98 units ready for permitting. 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 within the flood fringe. Zoned NCOR (Neighborhood Corridor), 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 Utilities (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.
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Zillow last checked:
Listing updated:
Listed by:
Lisa Racca,
Parkside Realty, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2525374
Facts & features
Interior
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Features
Has view: Yes
View description: Territorial
Lot
Size: 4.21 Acres
Features: Corner Lot, Open Lot, Paved, Brush, Lightly Treed
Topography: Level,Sloped
Details
Parcel number: 0319164038
Zoning description: Multi-Family,Jurisdiction: County
Special conditions: Standard
Utilities & green energy
Electric: In Street
Gas: In Street
Sewer: In Street
Water: In Street
Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
Subdivision: Parkland
Location
Region: Tacoma
Financial & listing details
Tax assessed value: $197,500
Annual tax amount: $2,136
Date on market: 5/21/2026
Cumulative days on market: 61 days
Listing terms: Conventional
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,762/mo
Price history
Date
Event
Price
5/21/2026
Listed for sale
$3,200,000+12845.5%
Source: NWMLS as distributed by MLS GRID #2525374Report a problem
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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