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$21,500,000
2468328 MLS ACTIVE Status
Joint Venture Development Opportunity. Mount Bay Apartments is a permit-ready, fully bid, and shovel-ready 307-unit workforce housing development in the heart of Tacoma’s Transportation District. One block from Tacoma Link Light Rail, Sounder, Amtrak, and Greyhound, the project delivers unmatched regional connectivity to downtown Tacoma, Seattle, and Portland—driving strong demand, high occupancy, and long-term value. Designed for working professionals and essential workforce residents, the community features two landscaped courtyards, convenience retail, below-grade parking, a welcoming lobby, fitness center, shared workspace, and a seventh-floor indoor/outdoor sky lounge. The project is fully aligned with Tacoma’s urban revitalization vision while addressing a critical housing need. Mount Bay Apartments offers a compelling, defensive multifamily investment with predictable cash flow, downside protection, and meaningful upside. Workforce housing has consistently outperformed luxury assets across market cycles, delivering stable occupancy even in economic downturns. An eight-year property tax abatement enhances early-year cash flow and improves overall returns, while long-term appreciation is supported by sustained infrastructure investment and neighborhood transformation. This is an exceptional opportunity to partner in a transit-oriented, tax-advantaged asset positioned to generate reliable income and lasting value in one of Tacoma’s fastest-growing urban corridors.

301 E 26th, Tacoma

Listing courtesy of Crestview Realty Advisors.

$1,850,000
2464103 MLS ACTIVE Status
This prime 3.04-acre corner parcel in Puyallup’s South Hill area presents outstanding development potential under the new UCX (Urban Center Mixed Use) zoning designation, now advancing through the City’s Comprehensive Plan and zoning map updates. Strategically located with excellent visibility and accessibility near SR 512 and Meridian, the site sits amid strong regional growth and multiple large-scale development projects underway in the immediate vicinity. UCX zoning supports high-density, vibrant urban-center development and is expected to deliver significantly higher residential unit density plus expanded commercial and mixed-use flexibility compared to the current LMX designation. The classification encourages integrated multi-story projects that combine ground-floor retail and commercial space with upper-level residential units and professional offices, along with stand-alone commercial buildings and larger-scale mixed-use or transit-oriented developments. This urban-center framework promotes pedestrian-friendly, higher-intensity environments ideal for multi-family residential, office, retail, and live-work communities. Positioned for strong long-term value in one of Puyallup’s key growth corridors, this corner parcel offers developers substantial opportunity to create a signature mixed-use project. Buyer to verify all zoning details, development standards, densities, and entitlements directly with the City of Puyallup.

810 39th Avenue SE, Puyallup

Listing courtesy of Terrafin.

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