3718 Pacific Avenue
Tacoma, WA 98418
- – beds
- – baths
- – sqft
- 16,014 sqft lot
Welcome to a prime investment opportunity in the thriving South Tacoma area, where the demand for multi-family development is high. This ready-to-build project features 98 fully permitted units, addressing the pressing need for housing in the area. Located within an Opportunity Zone, this property presents investors with the advantage of 8 or 12-year tax abatement options, maximizing potential returns. All utilities are already available at the site, streamlining the development process. Future residents will enjoy a range of desirable amenities, including a rooftop lounge, dog run, and secured parking garage. For further details or building plans request, please reach to the listing listing agent. Don't miss the opportunity!
Last checked:
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Last updated Apr 16, 2025
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MLS# 2360443 —
The Building
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Structure Type:Multi Family
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Building Area Units:Square Feet
Interior
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.223913
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Longitude:-122.434603
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Directions:From I-5, exit to WA-7 S/38th St. and continue on WA-7. St Rt 77/38th St W ramp to Mt. Rainier. Merge onto S38th to a Rt on Pacific. Site will be on left.
The Property
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Property Type:Land
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Property Subtype:Land
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Parcel Number:7470023541
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Lot Size Units:Square Feet
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Lot Size Acres:0.3676
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Lot Size SqFt:16014
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Lot Size Source:County Records
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Zoning Description:Multi-Family
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Zoning Jurisdiction:City
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Electric On Property:true
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View:Mountain(s), Partial, Sound
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View:true
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Waterfront:false
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Road Surface:Paved
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Road Information:Paved
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Possible Use:Multi-Family
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Slope Comment:Pacific Ave
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 525-5235
- Office phone:
- (206) 525-5235
Taxes
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Tax Year:2025
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Tax Annual Amount:4411.85
The Listing
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Special Listing Conditions:None
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Virtual Tour Unbranded:
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Virtual Tour URL Description:Listing Website
Heating & Cooling
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Cooling:false
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Heating:false
Utilities
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Utilities:Electricity Connected, Natural Gas Available
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Water Source:On Property
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Sewer:Available
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Electricity Status:On Property
Schools
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Elementary School:Lyon
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Middle Or Junior School:Stewart
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High School:Lincoln High
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High School District:Tacoma
The Community
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Subdivision Name:Tacoma
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Senior Community:false
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Association:false
Parking
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Carport:false
Listing courtesy of NWMLS / Kelly Right RE of Seattle LLC
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/16/25
Apr 16, 2025
|
Listed / Active | NWMLS | $2,850,000 | |
8/1/24
Aug 1, 2024
|
Listed / Active | NWMLS | ||
1/4/24
Jan 4, 2024
|
Listed / Active | NWMLS |