Entitled Downtown Multifamily Development
For Sale
Contact for pricing
Pending
1555 Tacoma Ave S, Tacoma, WA 98402
DMU zoned with entitlements for 86 multifamily units in a Type V-A over I-A podium.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market125
Property Features for 1555 Tacoma Ave S
General Information
Standard status
Pending
Lot size
0.25 Acres
Property subtype
Land
Zoning
DMU
Additional Details
Highway Access
Yes
Multifamily Units
86
Listing Agency:
CBRE - Seattle
(206) 442-2735
Listed By:
Peter Wright · License #WA 108910
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Seattle
Investment Insights
Based on property information with market context.
1555 Tacoma Ave offers a rectangular, DMU-zoned development site with entitlements for 86 multifamily units within a Type V-A over I-A podium structure. The property is also within a Tacoma mixed-use center, with a new development potentially eligible for an 8-year tax abatement on residential improvements without affordability restrictions, or an option to participate in a 12-year program that would restrict 20% of units for residents earning no more than 80% of area median income.
The site is centrally located in Downtown Tacoma, just blocks from the University of Washington Tacoma campus, the waterfront, and the Pacific Ave arterial. Nearby, the Pacific Ave retail strip includes dining, shopping, and recreation, along with cultural attractions such as the Tacoma Convention Center, Washington State History Museum, and Tacoma Art Museum. Access to the region is supported by nearby I-5 and I-705, connecting to major employment hubs including the Port of Tacoma and Joint Base Lewis McChord.
Entitlements and abatement eligibility provide a defined path for a multifamily redevelopment aligned with the City of Tacoma’s ongoing downtown revitalization efforts.
The site is centrally located in Downtown Tacoma, just blocks from the University of Washington Tacoma campus, the waterfront, and the Pacific Ave arterial. Nearby, the Pacific Ave retail strip includes dining, shopping, and recreation, along with cultural attractions such as the Tacoma Convention Center, Washington State History Museum, and Tacoma Art Museum. Access to the region is supported by nearby I-5 and I-705, connecting to major employment hubs including the Port of Tacoma and Joint Base Lewis McChord.
Entitlements and abatement eligibility provide a defined path for a multifamily redevelopment aligned with the City of Tacoma’s ongoing downtown revitalization efforts.
Key Highlights
- 10,804 SF rectangular site in Downtown Tacoma, zoned DMU
- Entitlements in place for 86 multifamily units in a Type V‑A over I‑A podium structure
- Located within a Tacoma mixed‑use center qualifying an 8‑year tax abatement for residential improvements
Property Analytics
Current Use
Lease Details
86
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 98402, WA
8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - DMU zoned with entitlements for 86 multifamily units in a Type V-A over I-A podium.
Where is this residential land & home lot located?
The property is located at 1555 Tacoma Ave S Tacoma, WA.
What are key features of this property?
This property features: 10,804 SF rectangular site in Downtown Tacoma, zoned DMU; Entitlements in place for 86 multifamily units in a Type V‑A over I‑A podium structure; Located within a Tacoma mixed‑use center qualifying an 8‑year tax abatement for residential improvements
