Tacoma Homes with 42 - Multi-Family Style

Welcome to Tacoma, Washington—a vibrant city nestled in the heart of Pierce County, known for its rich history, stunning waterfront views, and a thriving arts scene. With its picturesque backdrop of Mount Rainier and the Puget Sound, Tacoma offers an exceptional quality of life, making it an attractive destination for families, young professionals, and investors alike.

Tacoma boasts a diverse range of neighborhoods, each with its unique charm and character. From the historic streets of Old Town to the lively atmosphere of the Stadium District, residents enjoy easy access to a plethora of parks, museums, and dining options. The city's commitment to community and culture is evident in its numerous festivals, art galleries, and the renowned Museum of Glass.

For those seeking investment opportunities, Tacoma's multi-family homes present an excellent option. With a variety of 42 multi-family style properties available, investors can tap into the growing demand for rental housing in this flourishing area. These properties not only provide a steady income stream but also allow for community engagement, as they often foster a sense of belonging among residents.

The multi-family homes in Tacoma are designed to cater to a diverse demographic, from students to young families, making them a versatile investment choice. With competitive pricing and a strong rental market, Tacoma is poised for continued growth, making it an ideal location for those looking to invest in real estate.

Come explore Tacoma, where urban living meets natural beauty, and discover the potential of multi-family homes that can be both a wise investment and a welcoming community for residents.

Newest Tacoma Homes with 42 - Multi-Family Style

$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 courtesy of Goldhouse Realty.

$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 courtesy of RE/MAX Equity Group.

$2,495,000

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 courtesy of Parkside Realty, LLC.

$2,100,000

2511012 MLS ⋅ ACTIVE Status

**FULLY PERMITTED** 80-unit Multifamily Development Site (See Offering Memo) OR Modify plans to take full advantage of DCC zoning - 400' Height Limit and no off-street parking req w/ unlimited potential. Shovel-Ready, Transit Oriented Development Site w/ Unobstructed Rainier/Commencement Bay/City Views tucked away in the safety of North Tacoma’s Stadium and Theater Districts. Project Value Engineered to Maximize Wood Framing, Avoid Subterranean Parking, Avoid High-Rise req, permitted to 2018 Code, 8-year Property Tax Exemption w/ no affordability req ALL while optimizing unit designs/amenities that maximize revenue. Hit the ground running w/ falling interest rates while strategically delivering in 2027 w/ low new construction inventory!

605 St Helens Avenue, Tacoma

Listing courtesy of Keller Williams West Sound.

$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 courtesy of Windermere Prof Partners.

$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 courtesy of Masterpiece Real Estate.

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