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.
110 days
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570
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16
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Zillow last checked:
Listing updated:
Listed by:
Tim Bower,
Berkshire Hathaway HS NW
Source: NWMLS as distributed by MLS GRID,MLS#: 2497148
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 1
Main level bedrooms: 2
Primary bedroom
Level: Second
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Second
Bathroom full
Level: Main
Bathroom full
Level: Second
Dining room
Level: Main
Entry hall
Level: Main
Family room
Level: Main
Heating
Forced Air, Electric, Natural Gas
Cooling
None
Features
Basement: Unfinished
Has fireplace: No
Interior area
Total structure area: 2,970
Total interior livable area: 2,970 sqft
Property
Parking
Total spaces: 5
Parking features: Driveway, Detached Garage
Has garage: Yes
Covered spaces: 1
Uncovered spaces: 4
Features
Levels: One and One Half
Stories: 1
Entry location: Main
Lot
Size: 8,123 Square Feet
Details
Parcel number: 7685001540
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Architectural style: 1 1/2 Stry w/Bsmt
Property subtype: Single Family Residence
Materials
Wood Siding
Roof: Composition
Condition
Year built: 1920
Utilities & green energy
Sewer: Sewer Connected
Water: Public
Community & HOA
Community
Subdivision: Hilltop
Location
Region: Tacoma
Financial & listing details
Price per square foot: $168/sqft
Tax assessed value: $500,300
Annual tax amount: $5,446
Date on market: 5/7/2025
Cumulative days on market: 433 days
Listing terms: Conventional
Estimated market value
Zestimate®
$498,600
Estimated sales range
$474,000 - $524,000
Rent Zestimate®
$3,307/mo
Price history
Date
Event
Price
6/9/2026
Price change
$499,950-4.8%$168/sqft
Source: NWMLS as distributed by MLS GRID #2497148Report a problem
4/16/2026
Price change
$524,950-8.7%$177/sqft
Source: NWMLS as distributed by MLS GRID #2497148Report a problem
3/25/2026
Listed for sale
$574,999-8%$194/sqft
Source: NWMLS as distributed by MLS GRID #2497148Report a problem
3/20/2026
Listing removed
$625,000$210/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2464306Report a problem
3/7/2026
Price change
$625,000-3.8%$210/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
1/24/2026
Price change
$649,950-13.3%$219/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
1/5/2026
Price change
$749,950-6.3%$253/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
11/5/2025
Price change
$799,950-3%$269/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
9/30/2025
Listed for sale
$825,000$278/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
8/27/2025
Listing removed
$825,000$278/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
8/15/2025
Price change
$825,000-8.3%$278/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
5/2/2025
Listed for sale
$899,999+111.8%$303/sqft
Source: Berkshire Hathaway HomeServices NW #NWM2369857Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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