Property Details
2120 S J Street , Tacoma, WA 98405
Tacoma, WA 98405
$625,000
Active
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About This Home
Shovel-ready 20-unit multifamily development site in one of Tacoma’s strongest urban corridors, with seller open to joint venture structure or partial seller financing, creating flexible capital options for developers. Located just minutes from UW Tacoma, 4 minutes to downtown, and only two blocks to the Tacoma light rail, the site offers exceptional transit access and strong long-term rental demand fundamentals. Fully permitted for a 20-unit apartment building consisting of efficiently designed one-bedroom units averaging approximately 450 SF each and approved for Tacoma’s 12-Year Multifamily Tax Exemption (MFTE), providing substantial property tax savings on residential improvements. The property features excellent views of Mount Rainier and the Tacoma skyline and presents a rare opportunity to build immediately in a high-demand location near major employers, education, transit, and urban amenities. Renderings shown are of the approved project and do not represent current site conditions.
Property Details
Property Information
Property Type
Land
Subtype
Land
Status
Active
County
Pierce
Neighborhood
Hilltop
Listed
May 2, 2025
Original Price
$899,999
Interior Features
Bathrooms
0.0
Exterior & Lot
Lot Size
0.19 sqft
Sewer
On Property
Water Source
Available
Utilities
Electricity Connected, Natural Gas Available
Location
City
Tacoma
County
Pierce
Coordinates
47.24114, -122.44821
Schools
School District
Tacoma
Additional Information
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of March 10, 2026 7:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
