Permitted Multifamily Development
For Sale
$2,100,000
605 St Helens Ave, Tacoma, WA 98402
Shovel-ready 80-unit development site in Tacoma, WA.
Property SizeContact for details
Days on Market273
Property Features for 605 St Helens Ave
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$17,008
Listing Agency:
Keller Williams West Sound
(253) 851-4511
Listed By:
Andrew J. Brooks
(253) 851-4511
Source:
Exprealty
Added: Nov 24, 2025
Changed: Aug 23
Last Checked: Aug 24 at 12:16PM
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 Keller Williams West Sound
Investment Insights
Based on property information with market context.
This is a fully permitted, ready-for-issue 80-unit multifamily development site. Alternatively, the plans can be modified to take full advantage of the Downtown Commercial Core zoning, which features a 400-foot height limit and no minimum off-street parking requirements. The property is within a Reduced Parking Area (RPA). Located at 605 St Helens Ave, this unique, shovel-ready, demo-free development site offers unobstructed views of Rainier, Commencement Bay, the Foss Waterway, and the city. It combines convenient transit and freeway access with proximity to numerous restaurants, cafes, breweries, theaters, and nightlife, all while being situated in the safety of North Tacoma’s Stadium and Theater Districts. The project was value-engineered to maximize wood-framed construction, avoid subterranean parking and high-rise construction requirements, and minimize the need for shoring. Designed and approved based on the 2018 Code, it provides flexibility for commercial space, along with an 8-year property tax exemption with no affordability component, all while delivering unit designs and amenities that maximize the project's revenue. The 15,000-square-foot site is suited to take advantage of falling interest rates and historically low unit delivery rates, or for a development site that has minimal constraints with maximum design flexibility.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,329
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Shovel-ready 80-unit development site in Tacoma, WA.
Where is this commercial land located?
The property is located at 605 St Helens Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 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.
