2120 S J Street, Tacoma, WA 98405

• 4 beds |
• 2 baths |
• 1,870 sqft

Property Description

Rare shovel-ready, fully permitted 20-unit multifamily development opportunity in one of Tacoma’s strongest urban corridors, with approved plans enabling immediate construction and accelerated delivery. Seller open to joint venture participation or partial seller financing, offering flexible structuring for builders and investors. Approved project includes 20 efficiently designed one-bedroom units (~450 SF each), totaling approximately 8,900 SF of net rentable residential area, providing a highly efficient layout for cost-effective construction and streamlined underwriting. 12-Year MFTE exemption approved with fees paid, delivering significant property tax savings on residential improvements. No known impact fees (buyer to verify). Ideally located minutes from UW Tacoma and downtown, and just two blocks from the Tacoma Link light rail, with strong access to transit, major employers, and urban amenities. Potential Mount Rainier and Tacoma skyline views. One of the few remaining fully entitled multifamily development sites in the area.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 7:21AM

Listing Office:

Berkshire Hathaway HS NW : 206-244-6400

Listing Agent:

Tim Bower : 206-244-6400

MLS ID:

2497148

Interior

• Basement: Unfinished
• A/C: None
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Wood
• Parking: DrivewayDetached GarageParking spaces: 5

Construction

• Roofing: Composition
• General: One and One Half

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Tacoma
• County: Pierce

Lot

• Zoning: 7685001540

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls