Pierce Homes with 42 - Multi-Family Style

Welcome to Pierce County, Washington—an enchanting blend of natural beauty, vibrant communities, and diverse real estate opportunities. Nestled in the heart of the Pacific Northwest, Pierce County is renowned for its stunning landscapes, from the majestic peaks of Mount Rainier to the serene shores of Puget Sound. This dynamic region is not only a haven for outdoor enthusiasts but also a thriving hub for families, professionals, and investors alike.

One of the most exciting real estate opportunities in Pierce County is the availability of multi-family homes. These properties, designed to accommodate multiple families, present a unique investment opportunity while fostering a sense of community. Whether you’re looking to invest in a duplex, triplex, or a larger apartment complex, Pierce County offers a range of options that cater to various budgets and preferences.

Living in a multi-family home in Pierce County means enjoying the benefits of shared amenities, reduced maintenance costs, and the potential for rental income. Imagine the convenience of living in a vibrant neighborhood close to parks, schools, and local shops, all while having the comfort of your own space.

With a growing population and a robust economy, Pierce County is an attractive location for real estate investment. The demand for multi-family housing continues to rise, making now an opportune time to explore the possibilities. Embrace the charm of Pierce County and discover the perfect multi-family home that suits your lifestyle and investment goals. Your future in this picturesque region awaits!

Newest Pierce Homes with 42 - Multi-Family Style

$1,600,000

2559936 MLS ⋅ ACTIVE Status

Pleased to present 19010 B Street East, Spanaway, Washington, a 2.19-acre infill development site zoned Urban Corridor (UCOR) within Pierce County jurisdiction. The UCOR designation provides flexible development opportunities, including attached single-family homes, townhomes, and multifamily residential development. The property is supported by a massing study demonstrating the potential for approximately 72 to 84 multifamily units. In addition, significant due diligence work has already been completed, including land survey, tree, biological, environmental, geotechnical (soils), and traffic studies. The site also benefits from a Pierce County 8-inch PVC sewer main stubbed to the property, providing critical utility infrastructure to support future development. Further enhancing the site, Pierce County’s CRP 5111 roadway improvement project (B Street East – 176th to 192nd Street East) is scheduled for construction in 2027 and will deliver new curb, gutter, sidewalk, and ADA-compliant ramps along the frontage and surrounding street network, significantly improving access, connectivity, and long-term development readiness. With much of the preliminary planning and entitlement groundwork already in place, this opportunity significantly reduces the time and risk associated with the entitlement process while accelerating the path toward project approval and construction in one of Pierce County’s fastest-growing submarkets.

19010 B Street, Spanaway

Listing courtesy of Kidder Mathews.

$155,000

2557764 MLS ⋅ ACTIVE Status

Build your vision on this exceptional 5-acre development opportunity in the heart of Puyallup! This vacant parcel offers outstanding potential for builders, developers, and investors. Conveniently located near shopping, dining, schools, parks, and major commuter routes, this property combines flexibility with an excellent location. Whether you’re looking to develop, invest, or build your forever home, this is an opportunity you won’t want to miss. Buyer to verify all information to their own satisfaction.

8307 E 144th Street, Puyallup

Listing courtesy of John L. Scott, Inc.

$4,595,000

2551037 MLS ⋅ ACTIVE Status

A rare and exceptional development opportunity in one of Gig Harbor North's fastest-growing corridors. This 11+ acre parcel is ideally positioned directly across from St. Anthony Hospital and within Gig Harbor city limits, offering outstanding potential under the City's updated zoning. With the recent increase in allowable density from 6 to 12 units per acre, developers have an incredible opportunity to maximize the site's potential. For a 55+ active adult community, even greater density may be permitted, making this an ideal location for age-restricted housing or a thoughtfully planned multifamily development. The property offers partial views of Henderson Bay and the Olympic Mountains, creating the opportunity for residences with beautiful western sunsets and scenic outlooks. Existing utilities, including sewer, water, natural gas, and electricity, are available from Canterwood Boulevard, helping streamline future development. Located just minutes from Highway 16, Canterwood Golf & Country Club, shopping, restaurants, and everyday amenities, this property combines an exceptional location with strong investment potential. Opportunities of this size, location, and development potential within Gig Harbor city limits are increasingly rare.

Canterwood Boulevard, Gig Harbor

Listing courtesy of Windermere Prof Partners.

$1,800,000

2537950 MLS ⋅ ACTIVE Status

2.4-acre development site in high-growth South Pierce County, zoned Urban Corridor (UC). UC permits high-density multifamily up to 60 units/acre. Buyer can pursue a substantial multifamily or townhome program subject to site fit, height, and parking. Located within 0.5 mile of the new Spanaway Transit Center, the site may qualify for reduced or exempt parking under transit-oriented standards (buyer to verify). Dual access from 208th St E and 16th Ave E offers strong site-planning flexibility. Walkable to Fred Meyer and daily retail; minutes from SR-7 and Amazon's 1.1M SF Spanaway fulfillment campus. Sewer extension underway on 208th St E with expected completion this Fall. A rare high-density land play in a supply-constrained submarket with expanding employment and proven rental demand.

1713 208th Street E, Spanaway

Listing courtesy of Northmarq Multifamily, LLC.

$997,000

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.

$2,900,000

2522396 MLS ⋅ ACTIVE Status

Rare investment opportunity! Just over 4.5 acres of vacant land zoned high density residential in the fast-growing community of Spanaway. Preliminary design already done for 120-unit apartment complex with access off of both 6th Ave E and 8th Ave E. (See attached supplement) All utilities are already on site or in the street. Recently appraised for asking price. (See atached appraised value statment) Complete appraisal available with accepted offer. Second parcel address is listed as 19525 6th Ave E. Both parcels are adjoining and being sold together.

19608 8th Avenue E, Spanaway

Listing courtesy of Better Properties Real Estate.

$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.

$799,000

2508142 MLS ⋅ ACTIVE Status

Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.

12524 Addison Street SW, Lakewood

Listing courtesy of eXp Realty.

$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..

$399,950

2479359 MLS ⋅ ACTIVE Status

2.62-acre apartment site in low property tax Lakewood plus low vacancy rates and a reduced listing price for extra multiunit cash flow. Building area is in the front 1/3 of property (wetlands beyond). MF1 zoning. Best guess is approximately 20 units. Price reduced plus super owner contract at 3% first year, 4% second year, 5% third year, and 6% for remainder of term (like a 3-2-1 buydown). Seller will negotiate price for a cash out offer. Excellent location for apartment construction with Amazon directly across the street and other major employers in the immediate area. Great access to JBLM and the I-5 Freeway with just a quick commute north to Tacoma or south to Olympia. Property is located between 7817 and 7717 146th Street SW. Price reduced $200,000 for quick sale.

7727 146th Street SW, Lakewood

Listing courtesy of All Real Estate Solution.

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