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    Seattle, WA Spokane, WA Tacoma, WA
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    Permitted Multifamily Development Site
    Updated: Nov 24, 2025
    Permitted Multifamily Development Site

    605 St Helens Ave, Tacoma, WA

    $2,100,000
    15,000 sqft · 0.34 AC lot
    Fully permitted and ready for Issue 80‑unit Multifamily Development Site.
    Enjoy Unobstructed Rainier/Commencement Bay/Foss Waterway/City Views.
    Downtown Commercial Core zoning with 400' Height Limit and no minimum off‑street parking requirements.
    8‑year Property Tax Exemption with no affordability component.
    Value engineered to maximize wood framed construction and avoid subterranean parking.
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    This listing looks promising.

    Here's a quick look at some key insights for

    605 St Helens Ave, Tacoma, WA

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $172K
      Annual

    • Price @ 7% Cap

      $2.45M
      Above asking

    • Property Type

      Vacant Commercial
      Built 1906
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    Mixed-Use Multifamily Investment Opportunity
    Updated: May 21
    Mixed-Use Multifamily Investment Opportunity

    9618 Pacific Avenue, Tacoma, WA 98444

    $1,799,000
    0.52 AC lot
    Mixed‑use property with 10 residential units and a commercial space (minimart/convenience store) offering diversified income streams.
    Value‑add opportunity through lease‑up of residential units and income stabilization of the commercial space.
    High‑traffic street frontage on Pacific Avenue, providing excellent visibility and customer access for the commercial component.
    Ample on‑site parking for residents and customers.
    Convenient location near major arterials and daily services.
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    Multifamily Opportunity in Tacoma
    Multifamily Opportunity in Tacoma

    7603 Pacific Avenue, Tacoma, WA 98408

    $3,399,000
    0.81 AC lot

    Value-add multifamily property with renovation and income growth potential.

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    Mixed-Use Property in University Place
    Mixed-Use Property in University Place

    5314-5316 Orchard St W, University Place, WA

    $1,625,000
    10,097 sqft · 0.50 AC lot

    Established mixed-use property with flexible space in Tacoma, Washington.

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    Water-View New Construction Multifamily
    Water-View New Construction Multifamily

    3402 S C Street, Tacoma, WA 98418

    $2,095,000
    4,266 sqft

    Brand-new six-unit building with in-unit washer/dryer and water views, positioned for flexible leasing near key Tacoma destinations.

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    16-Unit Waterfront-View Apartment Community
    16-Unit Waterfront-View Apartment Community

    2902 North Carr St, Tacoma, WA 98403

    $3,800,000
    13,176 sqft

    Built in 1968 with 1- and 2-bedroom units, featuring partially renovated interiors and in-unit washer and dryer.

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    Brick 12-Unit Apartment Building
    Brick 12-Unit Apartment Building

    601 S Jackson Ave, Tacoma, WA 98406

    $2,800,000

    1959-built brick apartment community with 12 units and a renovation-focused plan to improve in-place rents.

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    Mixed-Use Apartment and Retail
    Mixed-Use Apartment and Retail

    9618 Pacific Avenue, Tacoma, WA 98444

    $1,799,000
    4,876 sqft

    Mixed-use property with 10 residential units and street-level minimart and convenience retail along a high-traffic corridor.

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    Rainier View Court Townhomes Investment
    Rainier View Court Townhomes Investment

    17821-17825 22nd Ave E, Tacoma, WA 98445

    $4,950,000

    Investment opportunity: townhome-style apartments with condo conversion potential.

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    Remodeled Mixed-Use Building in Orting
    Remodeled Mixed-Use Building in Orting

    120 Corrin Avenue NW, Orting, WA 98360

    $1,679,000
    5,184 sqft · 0.31 AC lot

    Two-story commercial/multi-family building with office, warehouse, and apartments.

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    Tacoma Multifamily Investment Opportunity
    Tacoma Multifamily Investment Opportunity

    1208 S 27th St, Tacoma, WA 98409

    $7,450,000

    50-unit apartment community near I-5 and Hilltop Light Rail.

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    New Multifamily Property in Tacoma
    New Multifamily Property in Tacoma

    3402 C St, Tacoma, WA 98418

    $2,300,000
    4,266 sqft

    New six-unit building near downtown Tacoma with tax abatement.

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    Multifamily Opportunity on Pacific Avenue
    Multifamily Opportunity on Pacific Avenue

    7603 Pacific Ave, Tacoma, WA 98408

    $3,449,000
    14,063 sqft

    Value-add multifamily property with renovation and lease-up potential.

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    Multifamily Property Near Transit Hub
    Multifamily Property Near Transit Hub

    2622 A Street, Tacoma, WA 98402

    $750,000
    8,450 sqft

    Multifamily property near transit hub with no parking requirement.

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    Stabilized Multifamily Investment Opportunity
    Stabilized Multifamily Investment Opportunity

    3332 Chandler St, Tacoma, WA 98418

    $1,429,669
    4,608 sqft

    8-unit apartment building with upgrades and strong cash flow.

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    Renovated 6-Unit Apartment Building
    Renovated 6-Unit Apartment Building

    3841 Park Ave, Tacoma, WA 98418

    $1,020,000
    0.22 AC lot

    Well-maintained, renovated 6-unit apartment building in Tacoma's Lincoln District.

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    Tacoma Multifamily Near Transit Hub
    Tacoma Multifamily Near Transit Hub

    2601 Pacific Avenue, Tacoma, WA 98402

    $900,000
    9,829 sqft

    Multifamily property near transit hub with no parking requirement.

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    Tacoma Multifamily Investment Opportunity
    Tacoma Multifamily Investment Opportunity

    4312 S Puget Sound Ave, Tacoma, WA 98409

    $6,200,000
    10,500 sqft

    Multifamily property in Tacoma, WA, totaling 10,500 square feet.

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    Fife Village Apartments For Sale
    Fife Village Apartments For Sale

    2102 62nd Ave E, Fife, WA 98424

    $2,100,000

    16-unit multifamily community in Fife, Washington.

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    32-Unit Multifamily Investment Opportunity
    32-Unit Multifamily Investment Opportunity

    12720 C St S, Tacoma, WA 98444

    $5,250,000
    675 sqft

    Value-add multifamily property in Tacoma's Parkland neighborhood.

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    3.3 AC IOS Yard
    3.3 AC IOS Yard

    6820 27th St W, University Place, WA 98466

    $4,750,000
    143,748 sqft · 4.66 AC lot

    3.3 AC IOS Yard for sale or lease.

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    Renovated Multifamily Asset Near Light Rail
    Renovated Multifamily Asset Near Light Rail

    707 I St, Tacoma, WA 98405

    $1,599,000

    Turnkey multifamily property in Tacoma's urban core, near light rail.

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    Mixed-Use Investment Property in Lakewood
    Mixed-Use Investment Property in Lakewood

    10240 Bridgeport Way SW, Lakewood, WA 98499

    $10,250,000
    48,214 sqft

    Well-maintained mixed-use property with residential and retail units.

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    North Tacoma Multifamily Investment Opportunity
    North Tacoma Multifamily Investment Opportunity

    1901 Fife St, Tacoma, WA 98406

    $892,750
    3,456 sqft

    Well-maintained 5-unit building in desirable North Tacoma location.

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    Pierce County, WA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Pierce County, WA, showcased through 52 active listings on our real estate platform. These investment opportunities span a total of 442,510 square feet of properties for sale, with an estimated market value of $80,859,169.

    Sale prices for two-family homes in Pierce County, WA start at $750,000, averaging $2,788,247, and reaching up to $10,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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