Multifamily Site Adjacent to Tacoma
For Sale
$6,020,000
Pending
2520 41st St, Tacoma, WA 98409
187,067 SF land for 172+ unit multifamily development.
Property SizeContact for details
Days on Market362
Property Features for 2520 41st St
General Information
Standard status
Pending
Property subtype
Commercial
Listing Agency:
NWC - KV LLC
Listed By:
TREVOR KOVICH
Source:
Corcoran
Added: Aug 11, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:00AM
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 NWC - KV LLC
Investment Insights
Based on property information with market context.
This 187,067 square foot site is suitable for a 172+ unit garden-style multifamily development. Located directly adjacent to the Tacoma Mall, the property benefits from its prime location. The Tacoma Mall is currently undergoing a significant redevelopment to become a premier shopping and dining destination. The site is zoned UCX STGPD by the City of Tacoma, with a minimum density of 40 dwelling units per acre and no maximum density. There is no mandatory affordability requirement and no development impact fees. MFTE (Multifamily Tax Exemption) is available. An additional contiguous 0.73 acres of land is also available for purchase.
Key Highlights
- Prime location directly adjacent to Tacoma Mall, undergoing significant redevelopment.
- City of Tacoma UCX STGPD Zoning with minimum density of 40 du/ac and no maximum density.
- 187,067 SF land size suitable for 172+ unit garden‑style multifamily development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 187,067 SF land for 172+ unit multifamily development.
Where is this commercial land located?
The property is located at 2520 41st St Tacoma, WA.
What is the asking price?
The asking price for this property is $6,020,000.
What are key features of this property?
This property features: Prime location directly adjacent to Tacoma Mall, undergoing significant redevelopment.; City of Tacoma UCX STGPD Zoning with minimum density of 40 du/ac and no maximum density.; 187,067 SF land size suitable for 172+ unit garden‑style multifamily development.
