Tacoma Homes with 42 - Multi-Family Style

Welcome to Tacoma, Washington—a vibrant city nestled along the picturesque Puget Sound and framed by the majestic Mount Rainier. Known for its rich history, diverse culture, and stunning waterfront, Tacoma offers a unique blend of urban living and natural beauty. With a population of over 200,000 residents, this thriving city is an ideal destination for families, young professionals, and retirees alike.

Tacoma is a city that celebrates its heritage, with numerous museums, art galleries, and historical sites, including the renowned Museum of Glass and the Washington State History Museum. The city’s revitalized waterfront area features beautiful parks, walking trails, and a variety of dining and shopping options, making it a perfect spot for leisurely weekends or vibrant nights out.

When it comes to real estate, Tacoma boasts an array of housing options, including charming single-family homes and modern multi-family residences. If you’re considering investing in multi-family properties, Tacoma’s 42 Multi-Family Style homes present an exceptional opportunity. These properties are strategically located in desirable neighborhoods, offering easy access to public transportation, schools, and local amenities. With a growing population and a strong rental market, multi-family homes in Tacoma are an attractive option for investors looking to capitalize on the city’s dynamic growth.

Whether you’re seeking a place to call home or an investment opportunity, Tacoma’s multi-family residences provide the perfect combination of comfort, convenience, and potential. Explore the charm of this Pacific Northwest gem and discover why Tacoma is the ideal place to live, work, and thrive.

Newest Tacoma Homes with 42 - Multi-Family Style

$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.

$1,650,000

2500521 MLS ⋅ ACTIVE Status

Builders & Investors here's an excellent opportunity to acquire 3 tax parcels equaling 2+ level acres to construct a proposed 36-unit Townhome Community. These cutting edge townhomes have 3 bedrooms & 3.5 bathrooms with a great room and attached garage. Once built, these optimal designs will fly off the market as they're precisely what residential buyers are seeking. The survey, preliminary engineering, and site-plan have been reviewed by City of Tacoma. Per the seller, the time required to complete this short plat is about 120 days. This is a rare and top notch site in an up & coming neighborhood with rising demand for new residences.

1507 E 58th Street, Tacoma

Listing courtesy of Skyline Properties, Inc..

$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.

$140,000

2367708 MLS ⋅ ACTIVE Status

6600 Sq Ft vacant lot with city views near the Lincoln District in Tacoma, Washington. Zoned UR-3, allowing residential and some commercial uses. Great location close to downtown amenities! Utilities available on the street. Buyers should verify all details. Don't miss this growth opportunity!

3228 S Thompson Avenue, Tacoma

Listing courtesy of Coldwell Banker Danforth.

$220,000

2221672 MLS ⋅ ACTIVE Status

Prime Real Estate Opportunity in Vibrant Downtown Tacoma! Nestled within the thriving urban landscape, this 3,000 sq. ft. property presents a rare opportunity for savvy investors. Boasting a coveted WR Zoning classification for Multi-family, Commercial, Business, Retail Storefront and a dynamic Mixed-use Development. 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. Seize the moment & unlock the potential of this exceptional property & let your imagination soar amidst the boundless opportunities in Tacoma's thriving downtown real estate market.

2505 Tacoma Avenue S, Tacoma

Listing courtesy of Goldhouse Realty.

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