Permitted Multifamily Development
For Sale
$2,100,000
605 St Helens Avenue #3-7, Tacoma, WA 98402
80-unit development site in North Tacoma with unobstructed views.
Property SizeContact for details
Days on Market114
Property Features for 605 St Helens Avenue #3-7
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$17,008
Listing Agency:
KELLER WILLIAMS WEST SOUND
(253) 851-4511
Listed By:
ANDY BROOKS · License #107371
Source:
Corcoran
Added: Apr 21
Changed: Aug 8
Last Checked: Jul 16 at 7:37AM
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 80-unit multifamily development site. The property is a shovel-ready, transit-oriented development site with unobstructed views of Rainier, Commencement Bay, and the city. It is located in the Stadium and Theater Districts of North Tacoma. The project has been value engineered to maximize wood framing and avoid subterranean parking and high-rise requirements. It is permitted to the 2018 code and has an 8-year property tax exemption with no affordability requirements, while optimizing unit designs and amenities to maximize revenue. The site has DCC zoning with a 400-foot height limit and no off-street parking requirements, offering unlimited potential. The anticipated delivery date is 2027, coinciding with low new construction inventory.
Key Highlights
- Fully Permitted 80‑Unit Multifamily Development Site: Shovel‑ready, allowing for immediate commencement of construction.
- Transit‑Oriented Development: Convenient access to transportation, enhancing tenant appeal.
- Unobstructed Rainier/Commencement Bay/City Views: Premium views that increase property value and tenant desirability.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 80-unit development site in North Tacoma with unobstructed views.
Where is this residential land & home lot located?
The property is located at 605 St Helens Avenue #3-7 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 80‑Unit Multifamily Development Site: Shovel‑ready, allowing for immediate commencement of construction.; Transit‑Oriented Development: Convenient access to transportation, enhancing tenant appeal.; Unobstructed Rainier/Commencement Bay/City Views: Premium views that increase property value and tenant desirability.
